Tag Archives: US dollar index

Despite gloomy US data, the US Dollar rose after two days of significant losses. On Wednesday, bonds increased in value while equities on Wall Street finished neutral. Even though economic data and stock prices are slowing down, the bond market is still warning of an impending recession. From two-month lows, …

With the ISM Services PMI falling to 51.2 from 55.1 in February, economic activity in the US services sector grew at a slower rate in March. In comparison to the market forecast of 54.5, this number was weaker. After this news, the US Dollar Index continues within its daily range …

Market Drivers – US Session 04/04/2023 While gold has jumped, US treasury yields retreated, the US dollar was seen under pressure on Tuesday. The dollar is still under pressure ahead of more employment statistics, notably the NFP on Friday, as a result of weak US economic data. On Wednesday, the …

As of this writing, the EUR/USD is fluctuating at 1.0954, ahead of the US Employment and ISM Services PMI data. An important drop in US job openings suggests that the US labour market is currently cooling. The recent increase in the price of oil may cause inflation in the Eurozone, …

Gold prices fell on Monday after a surprise announcement by OPEC+ to cut oil production raised concerns about inflation and increased bets on a rate hike at the next Federal Reserve meeting in May. Spot gold prices fell 0.8 percent to $1951.37 an ounce by 0401 GMT, the lowest level …

Gold prices rose on Friday, heading to record the best monthly performance since July 2020, as the banking system crisis led to the expectation that the Federal Reserve (the US Central Bank) would temporarily stop raising interest rates, which makes the yellow metal more attractive. By 0321 GMT, spot gold …

Oil futures turned bullish on Thursday’s US session, driven by the improvement in risk appetite and the emergence of expectations that OPEC + will keep its production policy unchanged, adopting the same levels of increased production. US oil futures rose to $74.24 a barrel, compared to the previous daily closing …

A lower US dollar and predictions of falling interest rates have helped to support the price of gold. The US Dollar index was down 0.4% at 102.20, making gold prices denominated in dollars more appealing. On Thursday, XAU/USD fluctuated between a low of $1,955 and a high of $1,984.36 before …

The dollar witnessed stability on Monday, while the yen hovered near its highest level in seven weeks, at a time when investors are assessing the measures taken by the authorities and regulators to calm concerns about the global banking system. The dollar index, which measures the performance of the US …

The dollar settled near its lowest level in seven weeks on Friday, as concern about banks kept investors cautious and dealers assessed the possibility that the Federal Reserve (the US central bank) would stop raising interest rates. The dollar index, which measures the performance of the US currency against six …