Tag Archives: Forex

The US dollar rose Wednesday, July 14 to touch a three-month high against the euro and hit a one-week high against the Japanese yen, after rising US inflation spurred bets for a faster monetary tightening than Fed officials have indicated so far. The New Zealand dollar jumped more than 1% …

The dollar stabilized against most currencies on Monday, as investors were cautiously overwhelmed by pandemic concerns, while they also awaited more indications of a global economic recovery before taking their next steps. With the market highly sensitive to any talk of an early easing of stimulus, US inflation data will …

The movement of the US dollar stabilized against other major currencies, during trading at the end of the week on Friday. Thus, the DXY dollar index is trading above 92.00 points for the second week in a row, with the current week ending slightly lower compared to last week. The …

The euro traded near a three-month low against the dollar on Wednesday after German data raised doubts about the strength of the economic recovery, while the US currency awaited the minutes of the Federal Reserve’s latest meeting. The single European currency was trading at $1.1820, after touching a three-month low …

The dollar fell against a basket of major currencies during Monday’s trading, after hitting a rapid rally when a batch of mixed US business data last week led to investors’ worries about a faster end to monetary stimulus. While the headline jobs figures for June beat expectations, unemployment rates rose …

Friday, July 2nd, the US dollar hit a three-month high against other major currencies, as traders are betting that strong US labor market data could push the currency higher. And the dollar index is on track to achieve another weekly gain of about 1%. The rise is the fourth in …

The dollar hit a 15-maonth high against the yen and hovered near a multi-month peak against other major peer currencies on Thursday, July 1, ahead of a major US jobs report that could provide clues as to when the Fed will begin to scale back stimulus. The US currency rose …

The dollar is set to record its best monthly gain since March on Wednesday, June 30, supported by traders’ concerns ahead of hard-to-predict US jobs data and concern that the delta strain of the Coronavirus will delay the recovery from the pandemic. The dollar gained about 2.5% against a basket …

The dollar rose on Tuesday, June 29, approaching a two-month high against major currencies, with many traders largely reluctant to bet before an important US jobs report could change the timing of the Federal Reserve’s halt to stimulus programs. The dollar index, which tracks the dollar’s movement against six major …

The dollar was largely stabilized as global markets began to be in a state of caution at the start of the week, while currency markets’ attention turned to US jobs data due out on Friday. Some analysts attributed the lack of momentum during trading in Asia to an increase in …