The Dollar’s recent pause gave the opportunity to risk-related assets for some breather. Because of the dollar’s exhaustion following its recent climb, the US Dollar Index (DXY) witnessed a correction, while the risk-averse galaxy saw some rebound despite ongoing geopolitical concerns and a strong belief in an ECB rate drop …
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The US Dollar lost ground on Thursday due to economic data from the US, which showed Initial Jobless Claims rose to the highest level in seven weeks and Continuing Claims reached the highest since April. The US official employment report is expected to show an increase of 180,000 jobs, with …
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On Thursday, the EUR/USD pair surged as the Dollar Index decreased. As rate rise cycles come to an end, analysts anticipate greater Euro depreciation. With important US and EU inflation numbers on Friday, the trading week will come to an end.On Thursday, the EUR/USD reached an intraday high of 1.0580 …
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This Friday’s NFP report for August comes one week after remarks by Fed’s Jerome Powell, in his speech before Jackson Hole symposium, opening the door for important questions, including but not limited to: how much the jobs data will convince Fed’s policymakers of a certain QT course.NFP data has usually …
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The EUR/USD pair surged further during the US session and climbed to 1.0614, reaching the highest level in two weeks. The euro pulled back under 1.0600. It is holding onto daily gains, still unable to consolidate above 1.0600.Risk sentiment improvement weakened the US dollar. The Dollar Index is falling 0.25% …
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The US dollar turns negative amid improved risk sentiment, its Canadian counterpart is the top performer among commodity-linked currencies. The USD/CAD pair is heading for the lowest close since April 20.The USD/CAD is falling on Tuesday and recently hit a fresh daily low at 1.2539. A weaker US dollar pushed …
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The EUR/USD pair has rebounded from the lowest intraday level since 2017 and reversed direction upwards above 1.0400 late on Friday amid a prevalent improvement or risk sentiment and a correction of the US dollar. The euro is still headed toward the lowest weekly close since December 2002.Recovery in equity …
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The GBP/USD pair is on the backfoot as US session risk sentiment deteriorates. Cable is down some 0.3% around 1.2272 and is extending from a high of 1.2400 to a low of 1.2263. The US dollar has moved sharply off its lows, turning positive again for the day as markets …
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The Swiss franc benefits amid a risk-off market mood, as reflected by the USD/CHF down 0.25%. Falling US Treasury yields, led by the 10-year, underpin the USD/CHF pair.Overnight, the USD/CHF reached a daily high at 0.9357, but a risk-off market mood, which benefitted the low-yielder Swiss franc, impeded USD bulls …
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Gold is set to register its largest one-week loss since November. In case next week’s developments point to a further escalation of the conflict, gold should gather strength and start erasing this week’s losses. On the other hand, the precious metal could come under renewed selling pressure if markets remain …
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