The U.S. Dollar (USD) is showing a positive performance on Friday, but remains on track to score weekly losses. This week’s jobs data in the United States showed that the economic recovery from the Coronavirus pandemic is slower than previously expected. The Dollar Index (DXY), which measures the Dollar’s performance …
Read More »USD Flat After Jobless Claims Data
The U.S. Dollar (USD) remained mostly flat on Thursday, following the release of official data that showed a decline in the number of initial claims for unemployment benefits in the United States. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is …
Read More »Dollar Narrows Its Losses After Inflation Data
The U.S. Dollar (USD) declined on Wednesday, following the release of the January inflation data that showed that the Consumer Price Index (CPI) declined to 0.3% on a monthly basis last month, while the core CPI decreased to 1.4% from 1.6% in December. The Dollar Index (DXY), which measures the …
Read More »USD Falls to Lowest Level in a Week
The U.S. Dollar (USD) declined on Tuesday to its lowest level in a week, as Treasury yields in the United States fell amid anticipation for the passing of a new economic relief bill. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, …
Read More »USD Steadies Following Last Week’s Decline
The U.S. Dollar (USD) is stabilizing on Monday, following its decline by the end of last week following the release of job data in the United States. The greenback is fluctuating within a limited range, with the market anticipating the passing of the $1.9 trillion relief bill, proposed by the …
Read More »U.S. Dollar Declines Across the Board
The U.S. Dollar (USD) declined on Friday, nearing to end the week on a negative note as the United States Congress nears the passing of the $1.9 trillion relief bill, proposed by President Joe Biden. The Dollar Index (DXY), which measures the performance of the greenback against a basket of …
Read More »Dollar Rises Across the Board
The U.S. Dollar (USD) rose on Thursday across the board, following the Bank of England (BoE) first policy meeting of the year, in which it indicated no plans to set negative interest rates during the next six months. The Dollar Index (DXY), which measures the greenback’s performance against a basket …
Read More »USD Rises Across the Board
The U.S. Dollar (USD) is maintaining its upward trend on Tuesday, after declining earlier in the European session. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.27% at 91.23. The index has been moving today in a range …
Read More »USD Nears Highest Level since Early December
The U.S. Dollar (USD) rose on Monday, opening the week with a positive performance, supported by the decline of the Euro (EUR) and the Swiss Franc (CHF). The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.43% at 90.97. …
Read More »USD/JPY Retreats but Maintains Gains
The U.S. Dollar (USD) rose on Thursday against the Japanese Yen (JPY), despite declining against other major currencies, amid an improved risk appetite and reduced demand for safe havens. The USD/JPY pair is trading higher for the day by 0.12% at 104.240. Earlier today, the pair traded as high as …
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