Tag Archives: Dollar Index

Oil prices saw a modest rebound on Wednesday, even as the market anticipates an increase in supply later this year when OPEC+ begins to unwind its output cuts. U.S. jobs data and rising oil stocks also influenced trading. Brent crude futures experienced a 0.3% increase to $77.78 a barrel, while …

Crude prices gave up on previous attempts to avert losses and ultimately lost -0.69%, trading at $76.85 per barrel, the low of the North American session, while Brent dropped to $81.03 earlier in the day. At the time of writing, Crude Oil (WTI) trades at $77.31 and Brent Crude at …

The dollar rose today, boosted by higher US bond yields ahead of key inflation data later in the week and strengthened against the Japanese yen. The dollar reached as high as 157.715 yen, edging closer to levels that led to bouts of likely intervention from Tokyo at the end of …

The euro closed Monday’s trading higher rise, driven by an improvement in risk appetite cross financial markets, fresh German economic data, in addition to some other factors related to monetary policy. Wall Street has seen intensive stock buying since the beginning of morning trading in the markets on the first …

The US Dollar Index (DXY) is trading sideways at 104.6, with mild losses due to the cautious Fed’s hesitant approach to premature easing. The market’s focus is shifting towards the release of the Federal Open Markets Committee (FOMC) Minutes on Wednesday and mid-tier data on Thursday and Friday, including S&P …

The US dollar continues to rise since the beginning of daily trading on Tuesday amid speculations concerning the looming Federal Reserve’s decision on the US interest rate as well as the recent US employment data in a trading week that is busy with key economic events.The US currency benefited from …

Improved risk appetite on Tuesday impacted the US dollar, which is -0.44% down, at the 105.68 mark, while the weaker than expected US PMIs kept the American currency under pressure.The ECB is expected to cut rates in June, while the Fed is still seen reducing its rates in September, with …

USD/JPY has gained following the stronger than expected US retail data and neutral to hawkish comments by US Federal Reserve officials. The Dollar trades at 154.61, 0.22% above its opening price. US housing indicators, such as Building Permits and Housing Starts, have underperformed, suggesting a construction sector slowdown. However, US …

The US dollar was expected to end the week at a significant loss, but on Friday it recovered some of its losses after the US Jobs report for February revealed an increase in unemployment and businesses’ reluctance to pay more for labour force. As of this writing, the US Dollar …

The US jobs print on Friday could impact the Fed’s future policy course. A dismal NFP could weaken the US dollar further, and attention might be drawn to the dollar’s major pairs, to determine which assets are winners and which losers. While GBP awaits fiscal clues, policy direction from China …