The U.S. dollar traded largely unchanged in Europe on early Thursday, stabilizing after Wednesday’s weakness following Fed Chair Jerome Powell’s speech in Congress. Powell insisted that it was too soon to withdraw the Federal Reserve’s monetary support for the economy. At 2 AM ET, the dollar index, which tracks the U.S. currency against a basket …
Dollar Traded Largely Unchanged on Thursday Morning Read More »
The dollar was close to its highest point in three months versus its rivals on Wednesday as traders took a breather before Fed chair Jerome Powell’s comments a day after data showed U.S. inflation jumping to a 13-year high last month. The U.S. dollar is likely to take its direction from Fed chair Jerome Powell’s …
Dollar Was Close to its Highest Level in Several Months Read More »
The U.S. currency barely budged against the euro, pound, and yen on Tuesday ahead of U.S. inflation data, while the Australian dollar and Chinese yuan rose thanks to reassuring exports numbers from Beijing. The possibility of U.S. stimulus withdrawal helped to boost the dollar in recent weeks despite a renewed rise in coronavirus cases in …
Dollar Barely Moved Against Other Main Currencies Read More »
On Tuesday, France’s antitrust watchdog fined Alphabet’s Google 593 million euros. In a dispute with the country’s news publishers, the company had a fine for failing to comply with temporary orders issued by the regulator entirely. After refusing to comply with a 2019 EU law governing digital copyright, the French competition authority ordered Google to …
France’s antitrust watchdog fines Google 500 mln euro Read More »
The U.S. dollar rose against most currencies on Monday as concerns about the Covid-19 made investors cautious, while they also awaited more information about the global economic recovery before making their next moves. Investors are waiting for the U.S. inflation data as they would like to learn more about the situation ahead of testimony by …
Dollar Advanced 0.22% Against a Basket of Currencies Read More »
The U.S. currency rose in early European trade on Friday with the dollar benefiting from investors becoming more risk-averse on concerns of the global economic recovery as Covid-19 cases surge again. At 02:55 AM ET, the dollar index, which tracks the greenback against six main currencies, traded 0.1% higher at 92.505. It was close to …
U.S. Dollar Rose on Friday Morning Thanks to Investors Read More »
The dollar was close to its highest level in three months versus major peers on July 8 after minutes of the Federal Reserve’s June meeting confirmed the central bank is moving toward tapering its asset purchases in the foreseeable future. They expect the progress to continue and agreed they must be ready to act if …
Dollar Traded Near Its Highest Level Against the Main Peers Read More »
The U.S. dollar fell on Wednesday morning in Asia ahead of the Fed’s release of the minutes from its meeting. The minutes from the Fed’s meeting are widely expected to offer clues to the Fed’s policy outlook moving forward. The euro, meanwhile, declined to an almost three-month low against the dollar as German economic data …
Dollar Fell as Investors are Waiting for Fed Minutes Read More »
The dollar declined in early European trade on Tuesday, continuing its post nonfarm payrolls weakness. Other currencies, Australian and New Zealand dollars, rose amid signs that these economies are recovering strongly. The dollar started to decline on Friday, as the jobs report wasn’t sufficiently strong to push the Federal Reserve into tapering its asset-buying anytime …
Dollar is Unable to Overcome Post Nonfarm Payrolls Weakness Read More »
The dollar fell on Monday morning in Asia, hitting a pause on its recent gains, after the U.S. jobs report helped to soothe concerns about an earlier-than-expected hike in U.S. interest rates. The U.S. dollar index that tracks the U.S. currency against a basket of other main currencies dropped 0.10% to 92.325 by 1:03 AM …
Latest U.S. Jobs Report and its Impact on Dollar Read More »
The foreign exchange market is the largest in the world. It is a global decentralized or over-the-counter market for the trading of currencies. The forex market determines the exchange rates for every currency. Moreover, it includes buying, selling, and exchanging currencies at current or determined prices. The foreign exchange market is also called the Forex …
Foreign Exchange: The Globalized Decentralized Economy Read More »
Being a successful trader involves a lot of rules. That being said, the number one rule is always the same: Choose the best Forex broker. The main issue here is that you have too many viable options. Go to any financial news website, and you’re bound to see dozens of broker ads. The solution is …
Essential for New Traders: Tips for Choosing a Forex Broker Read More »
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 …
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