Tag Archives: us dollar

Following a historic downgrade of the US credit rating by Fitch Ratings, which lowered the US debt rating from the highest AAA rating to AA+, stocks have declined. The rating was lowered after lawmakers risked the country’s first default by negotiating a debt ceiling agreement earlier this year. According to …

The US Dollar has risen to its highest level since July 7 above 102.50, following to the US government’s credit rating downgrade by Fitch. The USD Index held above 102.50 despite the pullback in the American session and advanced to a 25-day-high above 102.50 on Wednesday. US private sector employment …

The dollar fell on Wednesday after Fitch’s decision to downgrade the credit rating of the United States raised questions about the country’s fiscal outlook, but got some support from a series of relatively strong economic data. On Tuesday, Fitch lowered the US rating to AA+ from AAA, in a move …

The US dollar has slightly declined in value after significant gains against major currencies last week. However, the USD Index remains above 101.50, exactly reads 101.75 at the time of writing. This week’s high-level data releases, including the US jobs report, could affect the USD’s performance. The US economy grew …

More central bank decisions are in the pipeline for the new trading week, with live meetings at the Reserve Bank of Australia and the Bank of England. US data will continue in the spotlight with key employment data, including Nonfarm Payrolls. Canada and New Zealand will also release job market …

Due to strong US economic data, the US Dollar increased throughout the week and was among the best performers. The dollar needs one more set of positive figures in order for the rise to continue. After Thursday’s surge in response to the release of US GDP statistics, the DXY recorded …

The outlook remains negative for Gold despite oversold readings. Gold prices dropped by more than $30 during the US session and remain under pressure amid a stronger US dollar and higher US Treasury yields. Technical factors also weighed on the yellow metal. XAG/USD bottomed at $1,942 before modestly rebounding. The …

The WTI climbed above $79.00. The American crude records a four-day winning streak on Tuesday, but the upside may be limited to technical indicators starting to flash overbought conditions.Chinese economic stimulus supported Oil prices while focus in the markets shifts to Wednesday’s Fed decision. Earlier in the day, Chinese news …

The US Dollar holds firm against its major rivals early Tuesday. The US Dollar Index clings to modest daily gains near 101.50. US data highlighted a further improvement in consumer sentiment in July.The US Dollar gains traction on Tuesday, with the USD index touching its highest level since July 12 …

The Chinese yuan rose on Tuesday after the country’s top leaders pledged to boost political support for the reeling economy, while the euro and the pound sterling stabilized after falling for days as investors awaited meetings of major central banks. The yuan rose more than 0.5 percent in the onshore …