Tag Archives: Dollar Index

The dollar could continue rallying until the end of the global economic slowdown and growth starts to accelerate again, according to Citigroup Global Markets Inc. Until this happens, the dollar is the now obvious safest haven, as it offers a yield premium over its global rivals and peers. “What we …

Gold price rallied on Tuesday touching a fresh high for the week so far around $1,730 and traders are eying September’s high of $1,735. The precious metal rallied from a low of $1,695.24 on the day as the US yields made fresh lows of 3.564% in 10-year Treasury yield while …

The British pound and the euro fell on Thursday, while the dollar rose as the relief over the Bank of England’s intervention in the bond markets faded. Investors are awaiting German inflation data. On Wednesday, the British currency jumped to its highest level since mid-June after the Bank of England …

The US dollar rose on Tuesday, trading near a two-decade high, as investors’ focus shifted to expectation of another aggressive rate hike by the Fed amid a week that is full of major bank meetings.The Fed has already started its two-day meeting on Tuesday, with rate futures traders betting on …

The GBP/USD pair edged higher for the second successive trading day, the pair is now testing the 20-day SMA. The pair is rising on Monday and during the American session climbed to 1.1709, reaching the highest level since August 30. The pair has also been holding onto daily gains. In …

At the time of writing, the precious metal trades around $1703. Earlier on Tuesday, gold future traded at $1712.80 with net decline of $9.80 or – 0.56%. Concurrently the dollar index was up 71 points or 0.65% and fixed at 110.22. This could mean that there was fractional buying in …

As August comes to an end, and markets get prepared for September, historically the worst month for some financial assets, the US dollar is under some pressure at month end and ahead of the critical US Non Farm Payrolls data, but globally speaking, the focus is still on the expectations …

Swiss franc among worst performers amid higher treasury yields. The USD/CHF pair has broken key range and extends rally. EUR/CHF is currently at the highest level in 11 days; holding onto daily gains. The pair peaked during the Asian session at 0.9707 and then pulled back, finding support at 0.9655/60.The …

US shares continue their rout, losing between 0.26% and 0.56%, except for the heavy tech Nasdaq Composite, which pares some of its losses, up by 0.25%.In terms of sector specifics, the leading gainers are Energy, up 1.9%, propelled by high oil prices, followed by Technology and Consumer Discretionary, each recording …

The GBP/USD pair hit levels under 1.2000 for the first time since March 2020. The pound remains under pressure even as market participants and traders expect a rate hike from the Bank of England on Thursday.The pound weakened earlier on Tuesday following UK employment data. Brexit concerns and also the …