Tag Archives: us dollar

The ISM Manufacturing PMI dropped into contraction territory below 50 in November according to the latest data released on Thursday.US Dollar Index continues to push lower, losing more than 1% on the day. The Dollar seems under constant selling pressure following this report and the US Dollar Index was last …

Overall, market sentiment fluctuated between optimism and concerns, as the US Dollar started the trading day with negative performance. The American currency managed to recover by mid-way, and finally fell closing in the red territory against its major rival currencies.US Dollar’s slump resulted from US Federal Reserve Chair Jerome Powell’s …

In his first public appearance and remarks on the US economy since the post-FOMC policy decision press conference on November 2, where he warned of a higher terminal rate, Fed chair Jerome Powell said on Wednesday that it would “make sense to moderate pace of interest rate hikes”.Since the November …

The US dollar is sliding lower following jobs data in November that missed expectations before a highly awaited speech by Fed Chair Jerome Powell. The dollar index added to earlier losses after the ADP National Employment reading indicating that US private payrolls increased far less than expected in November, suggesting …

The Conference Board published fresh Consumer Confidence Index data on Tuesday showing a decline to 100.2 in November from (revised from 102.5) 102.2 in October.Similarly, the Present Situation Index edged lower to 137.4 versus the previous reading at 138.9. in addition, the Expectations Index fell to 75.4 from 78.1 in …

The dollar fell against a number of other currencies on Tuesday, and lost some of the gains it recorded at the end of the previous session, amid growing concerns due to the restrictions to combat the Corona virus in China. The dollar index, which measures the greenback against a basket …

Gold prices rose on Tuesday, supported by a weak dollar, as investors await more clarity on the Federal Reserve’s position regarding raising interest rates. Spot gold rose 0.7 percent to $1,753.34 an ounce at 0651 GMT. US gold futures rose 0.7 percent to $1,752.60. Bullion prices fell about 1 percent …

The US session has been a big arena for volatility with beginning of the trading week. The US dollar has managed to edge higher up to 106.74 on Monday, slightly recovering from a three-and-a-half month low of 105.32 as investors are concerned about the pro global economic slowdown and the …

Gold continues to decline starting the beginning of the US trading session on Monday, affected by the rise of the US dollar after changing its direction due to the markets’ focus on the current events in China.Gold futures fell to $ 1740 per ounce, versus the previous closing at $ …

Data on Friday showed that the German economy expanded slightly in the third quarter, more than initially expected, supported by consumer spending. The Federal Statistical Office said Europe’s largest economy grew by 0.4 percent quarterly and 1.3 percent annually, according to seasonally adjusted figures. Analysts polled by Reuters had expected …