Tag Archives: USD

The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey improved from 3.7 in August to 17 in September. This reading beat the market expectation of 6 by a wide margin. “The new orders index climbed nine points to 7.1, pointing to a modest increase in orders, and …

The US Dollar (USD) is showing a mostly negative performance on Friday, after the release of the CPI data. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is marginally down by 0.02% at 93.32, after closing Thursday at 93.34. The index …

The US Dollar (USD) recovered from its earlier losses on Thursday, which were mostly on the back of pressures by the rising Euro after the European Central Bank maintained interest rates. The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, …

The European Central Bank’s (ECB) Governing Council has reportedly agreed that there is no need to overreact to euro gains. To be updated…

The Single currency remains on the positive side after the European Central Bank’s decision to keep interest rates unchanged, which prompted the EUR/USD pair to stay in the 1.1840 area on Thursday. The pair is extending its bullish momentum after touching its weekly lows on Wednesday near 1.1750. The European …

The rise in job openings in the United States did not provide the needed support for the US Dollar (USD) to maintain its rising trend on Wednesday. The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, is down by 0.19% …

A better than expected decline in the unemployment rate in the United States and a higher than expected labor force participation rate are providing a much needed support for the US Dollar (USD) to maintain its recent rising trend on Friday. The Dollar index (DXY), which measures the performance of …

The US Dollar (USD) is anticipating positive economic data to support its upward trend against major currencies. Recent manufacturing data helped the greenback, after data showed an increase in new factory orders as well as a surge in the sector purchasing managers’ index (PMI). However, the effects of the rising …

The US Dollar (USD) is showing a strong performance against major currencies on Wednesday, supported by strong economic data. The US Dollar Index (DXY), which measures the performance of the USD against a basket of six international currencies, is up by 0.50% at 92.80, after closing Tuesday at 92.34. This …

The dollar extended gains made last night after positive US manufacturing data, while the Australian dollar took a hit when gross domestic product data on Wednesday confirmed that the country was experiencing a recession for the first time in three decades. Manufacturing activity in the US increased more than expected …