The dollar hit a fresh three-month high against other main currencies on Friday, as traders wagered strong U.S. jobs data could help to boost the greenback even further. The U.S. government will release the most anticipated economic report of the month in several hours. The dollar index is on course for a further weekly gain …
U.S. Dollar Climbed to a Fresh Three-Month High on Friday Read More »
The U.S. currency reached as high as 111.165 yen for the first time since March 26, 2020, before trading essentially flat compared to Wednesday at 111.095. The dollar hovered near multi-month peaks against other main currencies on Thursday, ahead of a key U.S. jobs report. The report mentioned above could offer clues on when the …
Dollar Reached its Best Result Against the Yen in 15 Months Read More »
The dollar declined on Wednesday morning in Asia but clutched onto its recent gains. Investors reacted to the spread of Covid-19’s more virulent Delta strain while awaiting U.S. jobs data key to the direction of the U.S. Federal Reserve’s monetary policy. The dollar index dropped 0.1% to 92.030 by 12:18 AM ET. The index which …
The U.S. dollar was up but remained below its best result in two months on Tuesday morning in Asia. Investors are waiting for the U.S. employment data that could determine when the Federal Reserve will withdraw its stimulus measures. The dollar index which tracks the world’s reserve currency against a basket of other currencies advanced …
Dollar Rose but Remained Below a Two-Month High on Tuesday Read More »
The U.S. dollar held firm on Monday as investor focus shifted to the country’s labor market, following softer-than-expected inflation data last week. The inflation data failed to address concerns about the Federal Reserve’s monetary stimulus. The dollar’s index versus six other main currencies rose 0.1% to 91.870. The index recovered from Friday’s low of 91.524. …
Dollar Held Firm on Monday as Focus Shifted to Jobs Data Read More »
The world’s most powerful currency slipped slightly in early European trade on Thursday, having spent the week gradually edging away from two-month highs hit after the Fed’s surprise hawkish shift at its meeting last week. Currency markets were quiet as traders digested different signals from Fed officials on the timing of a withdrawal of monetary …
On Wednesday, the dollar was unable to strengthen its position as Federal Reserve officials including Chair Jerome Powell reaffirmed that tighter monetary policy was still some way off. The dollar index which measures the greenback against six main rivals was at 91.775 in early Asian trading, off a two-month high of 92.408 reached at the …
U.S. Dollar Is Struggling to Deal With Challenges Read More »
Covid-19 is in full effect, and you might be wondering how this might affect Forex trading. Well, the only impact this year’s system change will have is making trading a whole lot easier. As the rest of the world rejoiced to see what new currency exchange rate was possible, Forex traders who had been looking …
The greenback paused for breath on June 22 as traders are waiting for the testimony of Fed Chair Jerome Powell for guidance after a surprise shift in the Federal Reserve’s policy outlook. The dollar gained sharply since the central bank last week flagged sooner-than-expected rate hikes. Nevertheless, the dollar declined on June 21 to hand …
The United States Dollar Increased Ahead Of Fed’s Testimony Read More »
The U.S. dollar rose in early European trade on June 21, keeping the positive tone generated last week thanks to Federal Reserve’s position. The country’s central bank decided to accelerate its timetable for raising interest rates. At 2:55 AM ET, the dollar index traded 0.1% higher at 92.267. The index which tracks the greenback against …
Dollar Index Almost Reached its Highest Point Since April Read More »
The U.S. dollar once more demonstrated its strength on Friday, as it edged higher in early European trade, continuing to benefit from the Federal Reserve’s position. The greenback is still reaping the rewards of the central bank, taking a more hawkish stance sooner than expected. The Federal Reserve’s hawkish position represented an abrupt change from …
Federal Reserve’s Hawkish Tone and its impact on Dollar Read More »
The U.S. dollar reached its highest point in almost two months against its main peers on Thursday after the Federal Reserve unexpectedly brought forward its projections for interest rate hikes into 2023. The dollar index, which tracks the greenback against six rivals, rose as high as 91.484 in Asia for the first time since April …
Dollar Reached its Highest Level in Almost Two Months Read More »
The U.S. dollar suffered minor losses in early European trade on Wednesday but remained near a one-month high as traders warily await the latest communications from the Federal Reserve after the recent jump in U.S. inflation. At 2:55 AM ET (07:55 GMT), the dollar index was less than 0.1% lower at 90.468. The index which …
Dollar Fell But is Still Close to a One-Month High Read More »
The U.S. dollar edged higher to a one-month high versus a basket of currencies on June 15. Inflation data helped to boost the world’s reserve currency. The greenback kept firm as another hot reading on inflation overshadowed a chilly consumer price index. Another factor also helped the greenback. Traders are waiting for the Federal Reserve’s …
U.S. Dollar Strengthened its Position Against Main Rivals Read More »
The U.S. dollar held firm on June 14 after posting its biggest weekly rise in several weeks as traders cut their bearish bets before a Federal Reserve meeting. The outcome of the meeting might signal a change in the outlook for the U.S. monetary policy. The Fed begins a two-day policy meeting on June 15. …
Dollar One Day Before a U.S. Federal Reserve Meeting Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
