Tag Archives: US dollar index

The US dollar had a substantial increase in momentum on Monday as risk appetite across the board decreased and uneasy investors piled into the USD. Just below 1.3680, the USD/CAD pair is rounding into the midway of the US trading session.The Purchasing Managers Index (PMI) for Canadian Manufacturing fell on …

The US Dollar Index has continued its rally for the third consecutive day, with the index posting its highest daily close since November of the previous year. Despite negative sentiment, US Treasury yields remained around 4.54%, while the Dow Jones and Nasdaq declined by 1.15% and 1.54%, respectively. Economic data …

In the US trading session on Tuesday, the USD/CAD pair was able to surpass the 1.3500 mark. The pair is trading at 1.3520, up +0.49 at the time of writing. The US Dollar Index dominates the broader market, making it difficult for the oil-backed Canadian currency to gain momentum.The second …

Metals retreated during the US session, with gold falling below $1,920 and moving closer to the $1,915 support region. At monthly highs, the US Dollar Index is just beyond the 106.00 range. On Tuesday, there are no economic events scheduled for the Asian or European sessions. The US will release …

UoM Consumer Confidence Index declined more than expected in September. In an obvious reaction, the US dollar retreats across the board, DXY hits fresh daily lows under 105.20. Consumer sentiment in the US weakened in August, with the University of Michigan’s (UoM) Consumer Confidence Index declining to 67.7 from 69.5. …

Market Drivers – US Session, September 14, 2023The EUR/USD pair resumed its downtrend, falling to the 1.0630 area. It posted the lowest daily close in months and remains under pressure. EUR/CHF suffered its worst day in months, dropping from weekly highs at 0.9600 to 0.9530, with a crucial support area …

The US dollar has moved into positive territory following Wednesday’s CPI reading, confirming another Fed rate increase. This week, the US Dollar Index turns green and is in positive territory; as the US Dollar Index is recording 104.730 at the time of writing Traders are seeking direction as they interpret …

The yen fell on Tuesday after achieving its largest single-day rise since mid-July on Monday after the Governor of the Bank of Japan indicated a possible end to the negative interest rate policy, which was widely echoed in all markets. Meanwhile, the dollar recovered some of its losses after recording …

The Japanese yen jumped Monday, September 11, after comments by Bank of Japan Governor Kazuo Ueda raised hopes that the country may soon enter a new era away from negative interest rates, while the dollar fell ahead of US inflation data scheduled for release this week. The Japanese currency rose …

A sharp rise in the dollar pushed the yen to a 10-month low on Thursday and kept the euro and sterling near three-month lows as investors put their full faith in the still-strong US economy despite the bleak global growth outlook. The dollar rose to a new peak at 147.875 …