Tag Archives: US dollar index

The GBP/USD pair experienced a 0.12% loss due to high US Treasury bond yields and global trade apprehensions. US Existing Home Sales dropped 2.2% in July, with limited inventory and high mortgage rates cited as causes. The Richmond Fed’s Manufacturing Index met expectations with -7, while the Services Index surprised …

Thomas Barkin, President of the Federal Reserve Bank of Richmond has emphasized the need for the Fed to be open to the possibility of the US economy reaccelerating rather than slowing, which could have implications for the central bank’s inflation fight. The US Dollar Index clings to daily gains above …

The Yen and the Swiss Franc were among the top performers due to risk aversion and the retreat in government bond yields. The Japanese Yen finished marginally higher above 145.00, while the Swiss Franc gained for the fifth consecutive week. The Pound was the biggest gainer, supported by UK economic …

With surging Treasury yields and risk aversion, the US dollar keeps getting stronger. Nearing 103.50, the DXY index climbed to its highest point since June and extended its winning streak to five days. The momentum of the dollar is still strong notwithstanding this rebound.According to the FOMC minutes, several members …

The US Dollar Index exhibits obvious strength. It surged for the fourth day in a row on Tuesday, reaching its highest point in a month. With the help of rising risk aversion and a comeback in Treasury yields, the DXY was able to recoup its losses. Over 1% was lost …

The US Dollar Index closed over 103.15, marking its highest daily close in almost a month. It did, however, finish well below the intraday high, indicating that it may consolidate over the coming hours.US Treasury yields continue to provide a significant support for the dollar. Both the 10-year yield and …

Financial markets are anxiously awaiting data on Chinese inflation during the Asian session, details on New Zealand’s electronic card retail sales, and expectations for the third quarter’s inflation rate from the Reserve Bank of New Zealand.Among the upcoming figures for Japan are machine tool orders for July. Due to lower …

US equities dropped on Wednesday following Fitch Ratings’ downgrade of the US government credit rating late on Tuesday. The Dow Jones lost 0.98%, and the Nasdaq plummeted 2.17%. US yields peaked after the release of US data and then pulled back, with the 10-year settling around 4.07% and the 2-year …

The Euro is experiencing losses against the US dollar as the European session draws to a close. The EUR/USD pair slides back to the 1.0919 zone, at the time of writing, as the American currency advances further. The USD Index maintains a positive mood past 102.76. Spanish unemployment shrank by …

On Friday, the USD/CAD pair is trading sideways, holding close to its levels from a week ago. The Canadian GDP increased by 0.3% in May, and core consumer inflation in the US is decreasing, according to US data. The price of the pair rose to weekly highs at 1.3248 but …