The U.S. dollar declined to its lowest point in several weeks against a basket of currencies on Tuesday, as investors looked to U.S. jobs figures later this week. They are looking for more information about the possible path of U.S. Federal Reserve monetary policy. The greenback struggled since Fed Chair Jerome Powell said at the …
U.S. Dollar Fell to its Lowest Point in Several Weeks Read More »
The U.S. Dollar rose on Tuesday morning but remained near two-week lows. Moves were mostly light as the month draws to a close, with the latest U.S. jobs report, including non-farm payroll numbers, due in several days. The U.S. dollar index gained 0.01% to 92.662 by 10:28 PM ET (2:28 AM GMT). The USD/JPY pair …
The U.S. dollar recovered from a one-week low on Thursday, supported by U.S. Treasury yields holding above 1.34% in a quiet market. The main topic at the moment is the Federal Reserve’s annual Jackson Hole conference. The annual conference kicks off later in the day in virtual format. The most important part of the conference …
Dollar Recovered From a One-Week Low on August 26 Read More »
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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 »
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 »
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 foreign exchange market is open hours a day, and forex (FX) is the largest financial market in the world. Unlike the London stock market, forex has no allotted hours for trading. The foreign exchange market is made up of different international markets, each of which has its own trading session. One of the major …
The chance of dismantling banking sanctions and unfreezing billions in forex assets in foreign banks represents the main driving force behind the sharp decline in currency prices in the last couple of days. A press release of the Central Bank of Iran is full of interesting details. In this press release, the head of the …
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 April 22. Two days ago, the index which tracks the greenback vs. a basket of its major rivals declined to fresh lows in the 90.90/85 band. Nevertheless, it managed to regain …
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 offered to dictate market direction after minutes of the Federal Reserve’s March policy meeting as well. Fed officials remained wary about the coronavirus pandemics’ risks and committed to strengthening monetary policy …
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 multi-month highs against most major currencies on March 26. It is worth mentioning that, a wave of optimism over improving the U.S. economic data, the rollout of coronavirus vaccines as well …
U.S. Dollar Benefited from Vaccines and U.S. Economic Data Read More »
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 story as it looked set for its first weekly fall in three against a basket of its main rivals as riskier currencies gained support from calmer market sentiment. It is worth …
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, it is likely to remain the main currency at least for the foreseeable future. Moreover, it is easier for the U.S. to run higher trade deficits with a greatly postponed economic …
U.S. Dollar Jumped Against the Commodity Currencies Read More »
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Day Trading Success Stories and What Can We Learn from Them Read More »
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