The U.S. dollar was on track towards this year’s rise against the euro on Wednesday. Also, the greenback rose to its highest point against the yen in five weeks. The U.S. currency reached good results ahead of U.S. inflation data, with a strong number potentially pressuring the central bank to change its monetary policy. The …
Dollar Rose Against Euro, Yen Ahead of U.S. Inflation Data Read More »
The U.S. dollar rose to a four-month high versus the euro on Tuesday after upbeat U.S. jobs data bolstered the expectations that the central bank could soon start tapering its massive bond-buying program. The 10-year Treasury yield jumped to as high as 1.336% in London trade, its highest level in more than three weeks. According …
The U.S. dollar once more demonstrated its strength on Monday. It climbed against the main peers, reaching a four-month high versus the single currency, as traders positioned for an earlier tapering of Federal Reserve stimulus. The U.S currency strengthened as far as $1.1742 to the euro, extending a 0.6% pop from Friday when a strong …
U.S. Dollar Reached its Highest Point Against Euro Read More »
The British pound strengthened its position against the greenback. It was up 0.3% to $1.3931 by 3:06 p.m. ET following the Bank of England’s decision. The central bank decided not to change the size of its bond-buying program. The country’s central bank made the decision to keep its benchmark interest rate at a historic low …
On August 5, the dollar held gains against a basket of currencies after hawkish comments from the central bank-led markets to move forward the likely timing of a policy tightening. One day earlier, Richard Clarida mentioned that conditions for an interest rate hike could be met in late 2022. Fed Vice Chair Clarida, and several …
Comments from the Federal Reserve Helped to Boost Dollar Read More »
The U.S. currency was pinned near recent lows on Wednesday as investors awaited U.S. jobs data for a guide regarding the interest rate outlook. Meanwhile, a decline in unemployment in New Zealand lifted the local dollar in anticipation that rate hikes could begin there within weeks. Central bankers from Wellington to Washington are monitoring labor …
U.S. Dollar is Struggling to Overcome Challenges Read More »
The U.S. dollar declined on Monday morning in Asia. The U.S. currency opened a busy week ahead, including the latest U.S. jobs report as well as the Reserve Bank of Australia’s policy decision, just above a one-month low. The dollar index that tracks the U.S. currency against a basket of other currencies declined 0.12% to …
Dollar Suffered Losses Ahead of the Latest U.S. Jobs Report Read More »
The world’s reserve currency traded near a one-month low on Friday. The U.S. dollar is on course for its worst weekly performance since May as dovish remarks by the Federal Reserve together with underwhelming economic data took the steam out of a month-long rally. The dollar index, which measures the greenback’s performance against a basket …
The U.S. currency dropped to a one-month low on Thursday after the central banks’ reassurance that interest rate hikes remain distant. The central bank’s position gave the main boost to most other currencies from the Australian dollar to the Chinese yuan. A month of gains for the greenback had already lost momentum leading in to …
Dollar Fell to a One-Month Low After Fed’s Meeting Read More »
The U.S. currency was up but remained below its recent highs on Wednesday morning in Asia. The dollar rose on Wednesday morning thanks to ripple effects from the crackdown in China and caution ahead of the Federal Reserve’s latest policy decision. The dollar index that tracks the U.S. currency against a basket of other main …
U.S. Dollar Rose Thanks to a Combination of Factors Read More »
ForeThe U.S. dollar demonstrated its strength on Tuesday. The greenback resumed its march towards a 3-½ month high as a Federal Reserve meeting got underway with risk appetite broadly subdued, leaving the Australian dollar and yuan struggling due to widening regulatory crackdown in the People’s Republic of China. The dollar index which tracks the greenback …
Dollar Resumed its March Towards a 3-½ Month High Read More »
Binance made an important announcement on Monday. The world’s largest cryptocurrency exchange would stop offering cryptocurrency margin trading involving euro, sterling, and the Australian dollar. The company’s decision to limit its services comes as a string of regulators across the globe issued warnings about the platform and some of the services it offers. It will …
Binance Decided to Limit Its Crypto Margin Trading Services Read More »
The dollar traded mostly unchanged in early European trading, on the back foot as risk appetite returned to foreign exchange markets ahead of the European Central Bank’s policy-setting meeting. The dollar index which tracks the U.S. currency against a basket of six other currencies traded at 92.767. The EUR/USD gained 0.1% to 1.1797, climbing from …
U.S. Dollar Traded Unchanged Ahead of ECB Meeting Read More »
The U.S. currency erased earlier gains on July 20 as global markets steadied after an overnight selloff. Popular reflation trades in the $6.6 trillion a day currency markets were under pressure due to fears regarding a stalled global recovery. Against a basket of major currencies, the dollar index dipped into negative territory after touching an …
The U.S. dollar was close to its highest levels in a while on Monday as the spread of more contagious Delta coronavirus variant made investors nervous regarding the global recovery and sent money to safety. The number of new Covid-19 cases continues to rise all over the world. The global seven-day average of new cases …
Delta Coronavirus Variant and Its Impact on Dollar Read More »
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