Forex Market

The U.S. Dollar (USD) is showing a positive performance on Friday, but remains on track to score weekly losses. This week’s jobs data in the United States showed that the economic recovery from the Coronavirus pandemic is slower than previously expected. The Dollar Index (DXY), which measures the Dollar’s performance …

The Australian Dollar (AUD) is showing a positive performance on Thursday against the U.S. Dollar (USD), supported by the decline of the greenback. Earlier today, the AUD/USD pair rose to its best level in about three weeks. The pair is currently trading higher for the day by 0.43% at 0.7755. …

The U.S. Dollar (USD) remained mostly flat on Thursday, following the release of official data that showed a decline in the number of initial claims for unemployment benefits in the United States. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is …

The U.S. Dollar (USD) declined on Wednesday, following the release of the January inflation data that showed that the Consumer Price Index (CPI) declined to 0.3% on a monthly basis last month, while the core CPI decreased to 1.4% from 1.6% in December. The Dollar Index (DXY), which measures the …

The U.S. Dollar (USD) declined on Tuesday to its lowest level in a week, as Treasury yields in the United States fell amid anticipation for the passing of a new economic relief bill. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, …

The buying bias around the EUR against the US dollar remains around 1.2100 for the time being. EUR/USD is floating in the area of ​​multi-day highs around 1.2100 on improving sentiment and risk trends. Actually, with additional support from President Biden’s plan to inject more stimulus into the economy, while …

The President of the European Central Bank (ECB), Christine Lagarde, delivered on Monday a speech to the plenary session of the European Parliament, which is drafting a resolution for the ECB Annual Report. Lagarde acknowledged that the start of vaccination campaigns provides hope, but noted that people across Europe are …

The U.S. Dollar (USD) is stabilizing on Monday, following its decline by the end of last week following the release of job data in the United States. The greenback is fluctuating within a limited range, with the market anticipating the passing of the $1.9 trillion relief bill, proposed by the …

The Australian Dollar (AUD) is showing a positive performance against the U.S. Dollar (USD) at the beginning of the second week of February, as the latter continues to be negatively impacted by the recent job data report in the United States. Early in the American session on Monday, the AUD/USD …

The Canadian Dollar (CAD) is rising against the declining U.S. Dollar (USD) on Friday, despite data showing that the Canadian economy continues to be impacted by the Coronavirus pandemic. Canada’s Ivey Purchasing Managers Index (PMI) rose last month, but remained below the 50-point mark, which signaled contraction for the second …