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Dollar Reached its Best Result Against the Yen in 15 Months

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...

U.S. Dollar Is Struggling to Deal With Challenges

On Wednesday, the dollar was unable to strengthen its position as Federal Reserve officials including Chair Jerome Powell reaffirmed that tighter monetary policy was...

Dollar Index Almost Reached its Highest Point Since April 

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...

Major Forex Trading Hubs in the World

The foreign exchange market is open hours a day, and forex (FX) is the largest financial market in the world. Unlike the London stock...

Banking Sanctions and its Impact on Iran

The chance of dismantling banking sanctions and unfreezing billions in forex assets in foreign banks represents the main driving force behind the sharp decline...

U.S. Dollar Index is Looking for a Direction

The U.S. Dollar Index was struggling to find a way, as it exchanged gains with losses ahead of the opening bell in Euroland on...

Lower U.S. yields stop dollar at two-week low

The U.S. dollar traded near longer than two-week troughs versus major peers on Thursday, which was tracking treasure income lower. No new catalysts were...

Indian Rupee Fell to the Lowest Level Against the Dollar

The Indian rupee dropped 75 paise to 74.16 against the U.S. dollar on Wednesday. The rupee fell to the lowest point since November 20,...

U.S. Dollar Benefited from Vaccines and U.S. Economic Data

The U.S. dollar is the most recognizable currency in the world, and this fact once more highlights its importance. Interestingly, the dollar traded near...

U.S. Dollar Recovered From a Near One-Week Low

Hopefully, the U.S. dollar recovered from a near one-week low on Friday thanks to bond yields. However, this is not the end of the...

U.S. Dollar Jumped Against the Commodity Currencies

The U.S. dollar is the world’s reserve currency. It makes sense as about 60% of foreign exchange reserves are held in U.S. dollars. Thus,...

Day Trading Success Stories and What Can We Learn from Them

Day trading success stories can be a great inspiration for both new and experienced traders. Reaching day traders' success is the dream of many,...

The pound hit its highest level versus the dollar since 2018

According to the latest news, the British pound reached its highest level versus the U.S. dollar since April 2018. The sterling was trading below...

How to Day Trade for a Living? A Hefty Beginner’s Guide

Everyone new to trading asks themselves and often others around them to do day trading for a living. People seem to want some shortcuts,...

The U.S. dollar rose to near a seven-week high

The U.S. dollar increased to near a seven-week high on February 2. The American currency largely benefited from a euro selloff overnight after COVID-19...