Tag Archives: USD

The Euro (EUR) declined against the U.S. Dollar (USD) on Wednesday, following the U.S. Federal Reserve’s policy meeting, in which the central bank decided to maintain its current policy, expecting rising inflation and seeing two rate hikes in 2023. Today, the EUR/USD pair lost about 1.08%, falling below 1.2 and …

The British Pound (GBP) declined on Wednesday against the U.S. Dollar (USD) for the second consecutive day, after the Federal Reserve decided to maintain its current policy and expected two rate hikes in 2023. The GBP/USD pair lost about 0.7% to reach the level of 1.3987. This market the largest …

The British Pound (GBP) showed a mostly negative performance against the U.S. Dollar (USD) on Tuesday, ahead of the U.S. Federal Reserve’s interest decision and policy statement, which is due on Wednesday. The GBP/USD pair reached its lowest level in about two months at 1.4034, after falling from a daily …

Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, explained the recent developments impacting global markets, with anticipation for the upcoming U.S. Federal Reserve meeting. Federal Reserve Last week, we saw clear market movements following the release of inflation data in the United …

The Euro (EUR) declined against the U.S. Dollar (USD) on Friday, losing multiple support levels as the greenback rose across the board. The European currency’s losses come after the European Central Bank (ECB) decided to maintain the current interest rates and committed to the current pace of asset purchases, with …

The U.S. Dollar (USD) rose on Friday against major peers to its highest level in a week, supported by positive data and rising bond yields. The benchmark U.S. Treasury bond yield is showing rebounding signs, following strong drops. Meanwhile, data showed an improvement in the U.S. consumer sentiment this month, …

The Euro (EUR) registered marginal losses against the U.S. Dollar (USD) on Thursday, erasing most of its gains on Wednesday. The EUR/USD pair declined by about 0.02% to reach the 1.2177 level, following a series of fluctuations due to various factors affecting the market. On one hand, the European Central …

The British Pound (GBP) declined against the U.S. Dollar (USD) on Thursday, after data showed a surge in the inflation rate in the United States. The GBP/USD pair maintained its downward trend for the third consecutive day, failing by about 0.17% to 1.4094. The Sterling rose earlier in the session …

The British Pound (GBP) rose against the U.S. Dollar (USD) and managed to finish Wednesday’s trading higher on the back of a the latter’s decline. The GBP/USD finished at 1.4173, higher for the day by about 0.11%, after closing on Tuesday at 1.4157. Markets are anticipating the release of May’s …

The U.S. Dollar (USD) rose on Wednesday against major peers, with markets anticipating the release of last month’s inflation data. The May reading of the Consumer Price Index (CPI) is due to be released tomorrow by the U.S. Bureau of Labor Statistics. The Dollar Index (DXY), which measures the greenback’s …