Forex Market

A day after the U.S. Federal Reserve decided to maintain its current policy unchanged in support of economic recovery, the U.S. Dollar (USD) continues to hit multiple-week fresh lows against major currencies on Thursday. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies …

US drugmaker Pfizer raised its forecast for sales of its 2021 vaccine against COVID-19 by 29% to $33.5 billion. The company said it believed people would need a third dose of the vaccine it developed with its German partner BioNTech to maintain a high degree of protection against the virus. …

Novatek, Russia’s largest liquefied natural gas producer, said Wednesday, July 28, that its net profit more than doubled to 99.3 billion rubles ($1.35 billion), citing a recovery in oil and gas prices and production volumes. Revenue jumped 83.7% to 264.5 billion rubles.

The U.S. Dollar (USD) showed a fluctuating performance on Wednesday, with the markets focusing on the Federal Reserve policy decision and statement. The greenback began moving downwards in early trades in the American session, erasing most of its daily gains during the European session that also saw some fluctuations, but …

The U.S. Dollar (USD) is on a downwards trend ahead of the release of the Federal Reserve policy statement, as the Federal Open Market Committee (FOMC) meeting concludes. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies remains in the positive territory but …

The U.S. Dollar (USD) continues to fluctuate after logging another loss against major peers on Tuesday, as risk appetite took a blow from concerns over the coronavirus Delta variant and losses across stock markets. The greenback declined on Tuesday, for the second consecutive session, with the Dollar Index (DXY) falling …

The Dollar Index (DXY) finished Monday on a lower note, amid anticipation for the upcoming policy meeting by the U.S. Federal Reserve. The index, which measures the performance of the U.S. Dollar (USD) against a basket of six major international currencies settled at 92.649, losing 0.28% on a daily basis, …

The Canadian Dollar (CAD) is showing a mixed but mostly negative performance against the U.S. Dollar (USD) on Friday after data showed a better than expected slump in Canadian retail sales. In addition, with improving daily performance by oil futures, the Canadian is gaining relative support as a commodity currency …

The U.S. Dollar (USD) is trading higher on Friday, maintaining a mostly positive performance against other currencies, in the absence of major economic data in the United States, other than the IHS Markit PMI. The flash U.S. Composite Output Index declined to 59.7 in July, down from 63.7 in June, …

The US dollar is on course to close the week slightly higher after a few days of volatility when it was hit by a shift in risk appetite, with the market now focused on the US Federal Reserve meeting next week. The dollar index rose 0.2% during the week and …