Tag Archives: DXY

The U.S. dollar held steady on Wednesday, maintaining its position near a two-month low. This stability comes as investors await key U.S. economic data and a monetary policy meeting in Canada, which could trigger a series of interest rate cuts in major economies. Traders are keenly anticipating the release of …

The U.S. dollar rebounded in early European trading on Tuesday, reversing overnight declines. The euro weakened following the release of disappointing German employment figures. At 04:45 ET (08:45 GMT), the Dollar Index, which measures the greenback against a basket of six other currencies, rose 0.1% to 104.165, after briefly falling …

The U.S. dollar remained stable on Monday as investors grew increasingly confident about the possibility of the Federal Reserve cutting interest rates in 2024 due to signs of easing inflation. Meanwhile, the euro remained calm ahead of an expected rate cut by the European Central Bank this week. Emerging market …

The U.S. dollar rebounded in early European trading on Friday, recovering from previous losses as traders awaited the release of key inflation data, which could significantly influence future interest rate expectations. At 04:30 ET (08:30 GMT), the Dollar Index, tracking the greenback against a basket of six other currencies, rose …

The US Dollar experienced a corrective movement on Thursday, which helped the risk complex recover some ground before the release of the US PCE and advanced inflation data for the euro area, which are all scheduled for Friday.CurrenciesThe USD Index (DXY) came under pressure and retreated from weekly highs past …

The U.S. dollar maintained its strength on Thursday, following a recent surge to a two-week high fueled by a rout in U.S. Treasuries, which pushed up yields and increased the currency’s attractiveness. The dollar index, which tracks the greenback against a basket of major currencies, reached 105.18 overnight, its highest …

The US Dollar has experienced a sharp recovery following the Beige Book report, which showed slight growth in national economic activity. The report also revealed that employment rose slightly, wage growth was moderate, and prices increased modestly as consumers resisted further price hikes. According to Fed’s Beige Book, housing demand …

Risk appetite saw significant upward momentum due to the prevailing bearish sentiment toward the US Dollar following the release of US inflation data measured by the CPI for April. The USD Index (DXY) had a challenging session, declining further and revisiting the area near the key 200-day Simple Moving Average …

The anticipation of interest rate cut or cuts by the Federal Reserve and data releases dominated the conversation for another week, during which the US dollar fluctuated. In light of this, the USD Index (DXY) appears to have started a slow downturn after reaching fresh annual highs earlier in the …

Before Friday’s release of PCE data, the USD Index (DXY) had already fallen to multi-day lows due to depressing GDP readings and higher inflation prints. This continued downward bias harmed the US Dollar. With rising yields and a prevailing appetite for risk, the USD Index (DXY) returned to the mid-105.00s. …