Forex Market

A better than expected decline in the unemployment rate in the United States and a higher than expected labor force participation rate are providing a much needed support for the US Dollar (USD) to maintain its recent rising trend on Friday. The Dollar index (DXY), which measures the performance of …

The US dollar extended its gains, and heading towards its largest weekly gain in nearly four months as an overnight drop in US tech stocks, which rose significantly, fueled a bout of risk aversion in global markets. Nasdaq index decline, as it fell nearly 5% during the session after closing …

FX option expiries for Sept 4 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1700 870m1.1780 615m1.1790 1.8bn1.1800 811m1.1850 651m1.1875 968m1.1900 2.4bn1.1905 554m1.1950 958m  – GBP/USD: GBP amounts         1.3100 261m1.3350 270m – USD/JPY: USD amounts          105.00 692m105.55 482m105.75 365m106.00 1.8bn106.50 613m106.60 570m106.65 870m106.75 455m106.95 …

The British Pound (GBP) is trading lower against the US Dollar (USD) on Wednesday, with the USD rising on the back of strong manufacturing data with surging PMI and factory orders. Meanwhile, the GBP is impacted by recent remarks by policy makers in front of the House of Commons Treasury …

The US Dollar (USD) is showing a strong performance against major currencies on Wednesday, supported by strong economic data. The US Dollar Index (DXY), which measures the performance of the USD against a basket of six international currencies, is up by 0.50% at 92.80, after closing Tuesday at 92.34. This …

The dollar extended gains made last night after positive US manufacturing data, while the Australian dollar took a hit when gross domestic product data on Wednesday confirmed that the country was experiencing a recession for the first time in three decades. Manufacturing activity in the US increased more than expected …

FX option expiries for Sept 2 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1875 929m  – USD/JPY: USD amounts          105.55 829m105.75 465m106.00 581m106.50 1.1bn – USD/CAD: USD amounts         1.3225 1.1bn – NZD/USD: NZD amounts 0.6750 211m

The Euro (EUR) turned to decline against the US Dollar (USD) after rising earlier today to its highest level since 2018. The EUR/USD pair is trading lower by 0.15% for the day at 1.1918. Earlier today, the pair reached the 1.2011, exceeding the 1.2 mark for the first time in …

The Canadian Dollar (CAD) is maintaining some of its gains against the US Dollar (USD) on Tuesday. The CAD is up by 0.04% against the USD, after rising earlier by more than 0.1% to its highest level against the greenback in eight months. The Canadian Dollar is supported by improved …

Safe haven currencies, namely the Japanese Yen (JPY) and the Swiss Franc (CHF) are showing a weak performance on Tuesday, amid decreased demand with improved risk appetite supported by news of new COVID-19 vaccine and treatments. The CHF is leading the decline with its highest losses coming against the New …