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 »
Markets digested the high U.S. inflation number and moved on- leaving the world’s reserve currency under pressure as well as most majors stuck in ranges. Early in the Asia session, the dollar nursed small losses, as traders figured there were enough one-offs in May’s 0.6% rise in consumer prices to support the central bank’s position …
The U.S. dollar was close to its lowest point in five months versus major peers on Thursday, as investors looked to U.S. inflation data as well as a European Central Bank (ECB) meeting later in the day. Investors would like to learn more about currency markets. They adopted a wait-and-see attitude all week, sucking volatility …
Dollar Hovered Near a Five-Month Low Against Main Peers Read More »
The Australian dollar was in action on June 9, with economic data from China also in focus. In June, the Westpac Consumer Sentiment Index dropped 5.2% to 107.2. The decline in June followed on from a 4.8% drop in May. The Westpac report contains many interesting details about the economy of the country. According to …
The dollar declined on Monday as Treasury yields were waning and investors looked ahead to central bank meetings on both sides of the Atlantic ocean. U.S. jobs data affected the dollar, as investors bet that jobs growth was not robust enough to raise expectations for the Federal Reserve to tighten its monetary policy. That tendency …
The U.S. dollar stabilized on Monday, after suffering losses several days ago due to lower-than-expected U.S. jobs data. Currency markets also experienced problems, they lacked momentum as investors looked ahead to key inflation data later this week. The latest jobs report was regarded as a relief for markets. The report showed that a pick-up in …
Dollar Stabilized on June 7 After Suffering Losses on June 4 Read More »
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