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The US dollar index managed to maintain the rising pace that it started at the end of the last week’s trading following the release of US labor market data during the month of July, which came in a very strong way better than the market expectations and pushed the US …
Read More »Currencies Overview: Employment Pushes The New Zealand Dollar Higher, And Its US Counterpart Awaits Jobs Data
The US dollar settled near its recent lows on Wednesday, August 4th as investors awaited US jobs data as an indicator of interest rate expectations, while the New Zealand dollar rose with the country’s unemployment rate falling and expectations that interest rates will start to rise within weeks. The spotlight …
Read More »Currencies Overview: New Zealand And Australian Dollars Jump on Central Banks
New Zealand and Australian dollars made the biggest gains among the major currencies on Tuesday, supported by comments from the two countries’ central banks, while the US dollar fell against the Japanese yen and the Swiss franc amid some risk aversion in the markets. The Australian dollar rose strongly after …
Read More »Dollar Near One-Month Low as US Jobs Data Awaits
The dollar approached a one-month low on Monday at the start of a busy week with US jobs data and a decision by the Australian Central Bank. The dollar index, which measures the performance of the US currency against six major currencies, recorded 92.065, slightly down from its level on …
Read More »Currencies Overview: The US Dollar Falls to a Month Low, The Pound at a Month High
The dollar fell to a one-month low on Thursday after the Federal Reserve reassured that a rate hike was still a long way off, giving a major boost to most other currencies from the Australian dollar to the Chinese yuan. China’s efforts to calm stock market jitters precipitated by its …
Read More »The Dollar’s Upside Stops Before The Fed Meeting
The dollar’s march towards a 3-1/2-month high was halted on Tuesday, July 27th as risk appetite weakened, while the Australian dollar suffered from further tightening of regulation in China. The dollar index recorded 92.73, approaching the highest level since early April, 93.19, which is recorded on July 21. The dollar …
Read More »Dollar And Yen Rise as Risk Appetite Declines Ahead of Fed Meeting
The safe-haven yen and the US dollar started the week on the rise against more risky currencies such as the Australian dollar, as the rise in Covid-19 cases and the decline of stocks in Asia led to a state of caution ahead of the Federal Reserve (US Central Bank) meeting …
Read More »The US Dollar Approaching Annual Peaks, ECB In Sight
The dollar stood within shouting distance of new record annual peaks on Wednesday, as fears of rising covid-19 infections capped gains from interest rate hike expectations. Meanwhile, investors are waiting to get signs from the European Central Bank on their next move. On Tuesday, the euro touched its lowest level …
Read More »The US Dollar Approaching Monthly Peaks Supported by Powell’s Comments
The dollar, when tracked by the US dollar index DXY, expands optimism in the second half of the week and approaches monthly tops around 92.80, and the index advances for the second consecutive session and trades near the monthly peak located in the 92.80 / 85 range, always on the …
Read More »The Euro Recovers From The Low of 3 And a Half Months After Fed
The euro moved away from its lowest level in more than three and a half months against the dollar on Thursday, July 15th after cautious comments from the US Federal Reserve chief, which limited the recent rise in Treasury yields. US Federal Reserve Chairman Jerome Powell said in testimony before …
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