The US dollar fell in early European trade Friday, remaining near seven-month lows amid concerns about a slowing US economy, while the sterling fell after weak retail sales data. The Dollar Index fell 0.1% to 101.750, just above the seven-month low of 101.51 set on Wednesday. Investors anticipate the Federal Reserve to slow interest rate …
The U.S. dollar retreated from a seven-month low on Tuesday. Meanwhile, the Japanese yen fell ahead of the Bank of Japan meeting. The Dollar Index increased 0.1% to 102.005 on Tuesday after falling to a seven-month low of 101.77 on Monday. Early on Tuesday, the dollar found some support, but the market now agrees that …
The US dollar fell in early European trade Friday, extending the previous session’s decline, as lower US inflation allowed the Federal Reserve to slow the pace of interest rate hikes. The US Dollar Index (DXY) fell 0.10% to 101.965 after falling to its lowest level since June earlier in the session. This week, the index …
The US dollar rose slightly in early European trade Tuesday but remained just above a seven-month low as traders awaited Fed Chair Jerome Powell’s speech for more clarity on the central bank’s rate hike cycle. The Dollar Index rose 0.22% to 102.960 after falling to a seven-month low of 102.93 the day before. The dollar …
The U.S. dollar was largely unchanged. Still, it gained against the Japanese yen after the Bank of Japan’s most recent minutes indicated that its accommodative monetary policy is likely to continue. The dollar, which measures the dollar’s value against a basket of 6 other currencies, traded largely unchanged at 103.870, up from the low point …
The dollar increased, extending the previous session’s substantial gains following strong U.S. services data. At the same time, the euro fell despite strong German industrial production figures. The dollar Index rose 0.1021% to 105.3102, following a 0.7% gain on Monday, its biggest since Nov. 21. The dollar rose Monday after the Institute for Supply Management’s …
Dollar Weakens, Yuan Rises The U.S. Dollar fell in early European trade on Tuesday, while the Chinese renminbi rose on hopes that the Chinese government will ease travel restrictions and increase risk appetite. The Dollar, which measures the value of the U.S. Dollar against a basket of six other currencies, fell 0.4011% to 106.165 after …
To avoid escalating tensions with Russia, Western authorities minimized the impact of a lethal missile attack on a Polish hamlet, which led to a decline in the value of the U.S. dollar in early European trade on Wednesday. The Dollar Index measures the dollar’s value against six other currencies. It declined 0.3% to 106.013 at …
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 »
Sterling crept higher on a slight third-quarter growth contraction. Meanwhile, the U.S. dollar dropped in early European trade on Friday, continuing a selloff from the previous session. The Dollar Index measures the dollar’s value against a basket of six other currencies. It was down 0.5% at 107.50 at 02:50 ET (07:50 GMT). The index reached …
The U.S. Dollar Continues to Fall, This Time Amid CPI Release Read More »
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 »
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 »
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 »
