The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey fell sharply to 18.3 in August from 43 in July. This reading missed the market expectation of 29 by a wide margin.
Read More »USD/JPY Extends Losses with Fresh Daily Lows
The U.S. Dollar (USD) declined to its lowest level in about a week against the Japanese Yen (JPY) on Friday, as the greenback declined across the board after data showed a drop in consumer confidence in the United States. The USD/JPY is down for the day by about 0.74% at …
Read More »Dollar Declines Across the Board After Consumer Confidence Slump
The U.S. Dollar (USD) declined on Friday touching its lowest level in about a week, after data showed a sharp drop in consumer sentiment in the United States. The preliminary reading of the University of Michigan consumer sentiment index dropped to 70.2 in the first half of August, hitting its …
Read More »GBP/USD Plunges Following UK GDP Data
The Sterling Pound (GBP) is declining against the U.S. Dollar (USD) on Thursday, with the greenback fluctuating against major currencies but mostly maintaining the positive territory. Meanwhile, the British Pound has declined to its level in roughly two weeks after data showed that the United Kingdom’s economy grew faster than …
Read More »Dollar Turns Positive Following JOLTS New Record Level
The U.S. Dollar (USD) extended gains on Monday, after data showed another surge in job openings in the United States, giving more positive signs of a recovery in the labor market. Data by the U.S. Department of Labor showed that the number of available jobs increased to 10.1 million in …
Read More »Dollar Maintains Weekly Gains on Strong Jobs Report
The U.S. Dollar (USD) surged on Friday, supported by the positive economic data that showed a surge in new jobs created within the U.S. economy during July and a decline in the unemployment rate that exceeded market expectations. The Dollar Index (DXY) that measures the greenback against a basket of …
Read More »Dollar Nearly Unchanged for the Day
The U.S. Dollar (USD) finished Thursday nearly unchanged after fluctuations earlier in the session, following hawkish comments from the Federal Reserve. Recent remarks by Fed Governor Christopher Waller and Vice Chairman Richard Clarida suggested that the central bank could begin scaling back the accommodative policies and move to normalization in …
Read More »USD Extends Losses After PMI Reading
The U.S. Dollar (USD) is maintaining a downward trend on Monday, opening the week with a negative performance across the board. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies is down by 0.18% at 92. Earlier today, the index touched a daily …
Read More »USD Rebounds Trying to Limit Weekly Losses
The U.S. Dollar (USD) is showing some recovery signs on Friday, following steep declines over the past four sessions, which brought the greenback to its lowest level in about six weeks against major currencies. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies …
Read More »USD/CAD at Lowest Level in Three Weeks as Oil Prices Surge
The Canadian Dollar (CAD) capitalized on the decline of the U.S. Dollar (USD) across the board and the surge in crude oil prices to rise to its highest level in about three weeks. The USD/CAD pair declined by about 0.64% and reached the level of 1.2448 by the end of …
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