Tag Archives: USD

The EUR/USD pair has remained on the defensive heading into the early North American session, and rather has managed to hold its neck above the 1.1300 round-figure mark.Having failed to make it through the 1.1340-50 resistance zone on Friday, the EUR/USD pair witnessed a subdued price action on the first …

For the second day in a row, positive sentiment has dominated financial markets worldwide on the back of some important US economic data and positive news about Covid-19.It is expected that the volume of transactions in the financial markets will witness a noticeable decline in liquidity rates, starting from Friday, …

The dollar Index (DXY) slides by 0.07% but manages to remain above the 96.02 figure as the New York session winds down. Omicron-related positive news improved market mood.So, improvement in the market sentiment increased the appetite for riskier assets and consequently weakened the dollar’s safe-haven status despite upward bias, though …

AUD/USD defends 0.7200 resistance breakout, taking rounds to 0.7215-20 during early Thursday morning in Asia.In doing so, the pair remains near the monthly peak of 0.7225, which holds the gate for a rally towards the 0.7300 hurdles. Despite rising virus cases and fears of ore infections during new-year celebrations, positive …

The US Dollar Index fell by 0.04%, sitting at 96.48 during the New York session. The market sentiment is positive, with major US shares rising between 1.60% and 2.80%. US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have …

The Euro seemed to take a hit in wake of the day and EUR/USD fell to session lows. The Eurozone Consumer Confidence index fell to -8.3 in December from -6.8 in November according to the flash estimate released by the European Commission on Tuesday. That was below expectations for a …

RBA will publish its December policy meeting minutes on Tuesday. The minutes are expected to offer more detail on the discussion on bonds buying and the timeline for rate hikes.RBA officials argue a rate rise is unlikely until at least 2023, but markets are betting on a move as early …

The US Dollar Index, DXY, drops by 0.33%, settling at 96.48 during the day as the New York session. The market sentiment is relaxed, with major US shares falling between 1.51% and 2.86%.Factors like US President Biden’s failure to get his $2 trillion BBB project backed by Democrat Senator Joe …

The GBP/USD pair has reclaimed the 1.3200 figure as US Treasury bond falls despite coronavirus outbreak in the United Kingdom.The British pound recovers from earlier losses and is able to reclaim 1.3200 amid global concerns on the Omicron variant, and surprising resignations over negotiations with the EU, as British negotiator …

The US Dollar Index ended the week above the 96.50 threshold. The US 10-year Treasury yield finished down, at 1.412%. DXY Technical outlook: Breaks above the ascending triangle, USD bulls target 98.00. The US Dollar Index, also known as DXY, which measures the greenback’s performance against a basket of six …