In early European trade, the US dollar rose after US consumer inflation (CPI) picked up in January. Meanwhile, sterling experienced a fall after the UK CPI rate cut. The dollar index (DXY), traded 0.34% higher at 103.458. US CPI was at 6.43% in January, short of the 6.2% analysts forecast. Moreover, a broadly viewed year-over-year …
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Despite a lack of news to justify the moves, the British Pound is under significant selling pressure in midweek trade. The UK public sector borrowing data came in worse than expected, but the charts show almost no impact on the Pound after their release. By December 21, the Pound was down three-quarters of a percent …
The Dollar Fell in Value The dollar fell on Monday as investors weighed the recent drop in US government bond yields, while China’s yuan fell to a two-week low due to anti-government protests. Protests erupted across China. On Sunday night, hundreds of protesters and police officers clashed in Shanghai. The onshore yuan in China finished …
Sterling Maintains Its Three-Month High Despite a tough winter in Britain amid a cost-of-living crisis and rising interest rates, sterling gained on Thursday, nearing a three-month high against a weaker US dollar. The pound traded at $1.20195, up 0.411% against the dollar. Earlier, it touched $1.2113, the highest level since August 17. The sterling was …
As additional Federal Reserve officials signaled a slowing in interest rate increases on Tuesday, the U.S. dollar declined in early European trade as investors speculated that the rate peak might be approaching. The Dollar Index measures the dollar’s value against six other currencies. It fell by 0.4% to 106.067 at 03:10 E.T. (08:10 GMT), setting …
The Dollar Falls, What Does This Mean for the Rates? Read More »
The U.S. dollar maintained stability on Monday after a bruising fall last week as Fed Governor Christopher Waller clarified that the CB was not easing its fight against inflation. The dollar index fell 3.6 percent in two sessions over the past week, the second-biggest decline since March 2009, after Thursday’s slightly below-expected inflation data. Investors …
Recently, there have been a lot of changes in the international currency markets. The dollar has been losing value against other currencies, most notably the euro and sterling. This is mainly due to the U.S. midterm elections, which could result in a Republican-controlled Congress. Many people wonder how this will affect the process of U.S. …
The Latest Forex News – Dollar Drops as Euro/Sterling Seesaw Read More »
On Monday, investors digested favorable euro zone statistics and sought to profit from the strength of the US currency. It helped the euro and pound rise versus the safe-haven dollar. A survey conducted on Monday shows that investor sentiment in the Eurozone rose in November for the first time in the last three months. The …
The U.S. dollar dipped slightly in early European trade on Friday ahead of the critical U.S. employment data. However, it is still on track to post a weekly gain following the hawkish tone of Federal Reserve Chair Jerome Powell. The Dollar Index, which measures the dollar’s value against a basket of six other currencies, was …
Early on Tuesday in European trading, the U.S. dollar fell as investors assessed the possibility that the Federal Reserve will announce a less aggressive course for raising interest rates on Wednesday after its most recent policy meeting. The Dollar Index measures the dollar’s value against six other currencies. It was trading 0.4% down at 110.993 …
The Dollar Losses Recent Gains Ahead of Fed’s Meeting Read More »
Amid speculation that the Bank of Japan had intervened, the U.S. dollar nudged up in early European trade on Monday. At the same time, the sterling gained as it appeared probable that Rishi Sunak would become prime minister of Britain. The Dollar Index compares the dollar to a basket of six other currencies. This index …
Despite Possible BOJ Intervention, the Dollar Rises Read More »
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As the US dollar continues to strengthen, the relationship between Bitcoin (BTC) and gold has reversed, weighing on both commodities, according to a blog post by institutional-level cryptocurrency market tracker Kaiko. What Is Shaping the Market? The connection between BTC and gold has often been between a negative 0.2 and a positive 0.2 from the …
The U.S. dollar fell in early European trade on Tuesday as risk sentiment rose, but sterling clung to recent gains after the U.K. government’s policy reversal. At 03:05 E.T. (07:05 GMT), the Dollar Index, which compares the dollar value to a basket of six other currencies, fell 0.5% to 111.145, setting a two-week low. Hence, …
Treasury Yields Dropping and Are Taking the Dollar Along Read More »
