The U.S. dollar once more demonstrated its strength on Friday, as it edged higher in early European trade, continuing to benefit from the Federal Reserve’s position. The greenback is still reaping the rewards of the central bank, taking a more hawkish stance sooner than expected. The Federal Reserve’s hawkish position represented an abrupt change from …
Federal Reserve’s Hawkish Tone and its impact on Dollar Read More »
The U.S. dollar suffered minor losses in early European trade on Wednesday but remained near a one-month high as traders warily await the latest communications from the Federal Reserve after the recent jump in U.S. inflation. At 2:55 AM ET (07:55 GMT), the dollar index was less than 0.1% lower at 90.468. The index which …
Dollar Fell But is Still Close to a One-Month High Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURAUD The appeal of the euro currency as a haven will start to fade in coming sessions. The EU and its member states on Thursday, June 03, published better-than-expected results for the purchasing managers …
The U.S. dollar was up on Thursday morning in Asia as investors reacted to China’s Caixin services data while awaiting key U.S. economic data for clues regarding the economic outlook and the U.S. Federal Reserve’s policy decision. The dollar index added 0.14% to 90.023 by 1:50 AM ET (5:50 AM GMT). The USD/CNY pair edged …
Dollar Rose as Investors Digested China’s Services Data 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 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 …
Traders are behaving excitedly, ahead of the Federal Reserve meeting scheduled later in the day. Spectators will likely see the central bank maintain its usual dovish monetary policy stance. However, an update on bond yield decisions is what will make the difference. Before this week, the market was largely focusing on bond yields more than …
US Dollar Flexes Ahead of the Federal Reserve Meeting Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF Local currencies are soaring in Europe after the International Monetary Fund (IMF) downgraded European economies despite the improved global economic outlook. The financial institution now sees a 4.5% GDP growth for fiscal 2021, …
Daily Market Charts and Analysis January 28, 2021 Read More »
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The offshore yuan quickly lost an advance after hitting 6.5 per dollar. This level could be a new line for a currency set to climb for the third quarter. The yuan traded in the overseas market lost a gain of as much as 0.2% within 30 minutes. This came after the currency hit 6.5 in …
Yuan Reversal New Line of Resistance 6.5 per Dollar Read More »
The dollar headed lower in early European forex trade on Monday, in hopes for a fiscal stimulus package. Traders were looking forward to Congress finally agreeing on a fiscal stimulus package ahead of the Federal Reserve’s policy meeting. At 3:50 AM ET (0750 GMT), the Dollar Index was down 0.4% at 90.562. It was trading …
Dollar Weakens Ahead of Stimulus Talks; Pound Strengthens Read More »
The dollar was down on Friday morning in Asia’s forex after investors retreated from it. Hopes of a COVID-19 recovery are increasing and in effect, causing markets to be heavily short of dollars. After slumping on Thursday, the pound was up despite doubts on both sides about a resolution to the Brexit talks. It fell …
Dollar Down Over Growing Hopes for Coronavirus Recovery Read More »
The dollar was up on Thursday morning in Asia’s forex. The U.S. and the U.K. scramble to keep up with the deadlines for the stimulus and Brexit talks, respectively. By 9:44 PM ET (1:44 AM GMT), the U.S. Dollar Index inched up 0.05% to 91.075. It was just above the two-and-a-half-year low of 90.471 seen …
Dollar Up as U.S. and U.K. Scramble to Meet Deadlines Read More »
The dollar weakened in the early European forex exchange on Wednesday. Confidence surrounding U.S. fiscal stimulus and the vaccine rollout is growing and prompting traders to seek out riskier currencies. The Dollar Index was down 0.2% at 90.812, at 3:55 AM ET (0755 GMT). It is still only slightly above the recent 2 1/2-year low …
Dollar Weakens as Confidence in Stimulus/Vaccine Grows Read More »
The dollar drifted lower in early European forex trade on Friday. It is on track for a loss of nearly 2% for the week. Heightened optimism that U.S. lawmakers will come together to agree on a new COVID-19 relief package boosts risk sentiment. The Dollar Index was down 0.1% at 90.638 at 3:55 AM ET …
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