Tag Archives: USD

The U.S. Dollar (USD) declined on Wednesday, dropping across the board, amid an improvement in the risk appetite among investors. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies is down by 0.24% at 92.75, after fluctuating throughout the day between 92.726 and …

The U.S. Dollar (USD) rose on Thursday, supported by the drop in weekly jobless claims and the testimony of the Federal Reserve Chair before Congress, in which expressed the central bank’s patience in dealing with the rising inflation. Unemployment benefits data showed that the labor market continues to show recovery …

The Index of the NY Fed’s Empire State Manufacturing Survey improved sharply to 43 from 17.4 in June. This reading fell short of the market expectation of 18 by a wide margin.

A dovish tone by the Federal Reserve Chairman Jerome Powell, in his testimony before Congress, pushed the U.S. Dollar (USD) lower on Wednesday. Powell acknowledged progress in an economic recovery but said the economy remains far from achieving the substantial further progress needed to begin tapering asset purchases and then …

The U.S. Dollar (USD) rose on Tuesday across the board, following the release of June’s inflation reading that showed an increase in consumer prices that exceeded market expectations. The Consumer Price Index (CPI) jumped by 5.4% on an annual basis last month, compared with a 5% increase in May, according …

The U.S. Dollar (USD) declined on Friday, finishing holiday-shortened the week in losses, amid rising concerns about economic recovery and the resurgence of the coronavirus pandemic with new variants. Mixed economic data also increased worries about the pace of recovery. The Dollar Index (DXY) that measures the greenback against a …

The U.S. Dollar (USD) declined on Thursday, amid rising concerns about the economic rebound and recovery from the coronavirus pandemic. Worries about the rising number of cases in many countries with the spread of new variants of the COVID-19 led to increased selling pressure on the greenback. The Dollar Index …

The U.S. Dollar stabilized on Wednesday against most major peers, with last month’s Federal Reserve meeting minutes showing caution among monetary policymakers regarding tapering after a surge in inflation that exceeded expectations. The Dollar Index (DXY), which measures the greenback against a basket of six peers, rose by 0.18% to …

The U.S. Dollar (USD) showed a fluctuating performance on Tuesday but maintained the positive trend for almost all of the American session after data showed the U.S. services sector maintained growth last month but at a relatively slower pace compared with the record level seen in May, as shown by …

The U.S. Dollar (USD) dropped against its Canadian counterpart (CAD), sliding into the negative territory with the beginning of the American session, after moving earlier in a relatively tight range around its highest level in about two weeks near 1.24. The greenback has declined across the board following the release …