The US dollar, under pressure on Tuesday, December 1, gave up some of the gains it had made by the end of the month, as investors expect a further monetary easing from the US Federal Reserve and rallying recovery elsewhere. The Australian and New Zealand dollars, which are highly risk-sensitive, …
Read More »Dollar Moving to Marginal Gains Following Mixed Data
The US Dollar (USD) is showing a mixed performance at the beginning of the week, following the release of housing and manufacturing data on Monday. The Dollar Index (DXY), which measures the USD performance in front of six major international currencies, is moving to the positive territory, after spending the …
Read More »USD Nears Another Weekly Loss
The US Dollar (USD) is set to record weekly losses after continuing to decline on Friday, amid improved risk appetite among investors. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is down by 0.10% at 91.90. The index has been moving …
Read More »USD Trading Marginally Higher on Thanksgiving
The US Dollar (USD) is showing a relatively positive performance on Thursday, an official holiday in the United States on the occasion of Thanksgiving. The Dollar Index (DXY), which measures the performance of the USD against a basket of six international currencies, has been moving mostly in the positive territory …
Read More »USD Declines amid Increased Risk Appetite
The US Dollar (USD) is declining across the board on Tuesday, on the back of higher risk appetite that comes supported by recent positive news about Coronavirus vaccines. The Dollar index (DXY), which measures the USD performance in front of a basket of six major international currencies, is down by …
Read More »Turkish Lira Down 2% Against US Dollar
The Turkish lira fell by up to 2% to more than 8 lira against the dollar on Tuesday, November 24, to continue its losses this week as investors exploited a strong recent rise to form positions of currencies and gold. The pound fell to 8.05 against the US currency, compared …
Read More »The Turkish Lira is Down by More Than 1%, After Big Gains
The Turkish lira fell 1.3% against the dollar as local investors strengthened their positions in foreign currencies and gold, after a strong rise in the Turkish currency recently. The lira fell to 7.76 from Friday’s close of 7.65. The lira rose from a record low of 8.58 this month after …
Read More »USD Rises Across the Board
The US Dollar (USD) is showing a good performance on Thursday, supported by an improved investors’ sentiment. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is up for the day by 0.24% at 92.54.
Read More »Coronavirus Vaccine Could Lead to USD Depreciation
Large-scale distribution of Coronavirus vaccines, coupled with the current monetary easing policy by the United States Federal Reserve could lead the US Dollar (USD) to weaken by as much as 20% in 2021, according to a recent report by Citibank, Reuters reported. “When viable, widely distributed vaccines hit the market, …
Read More »Turkish Lira Declining a Day Before an Important Interest Decision
The Turkish lira fell on Wednesday, November 18, a day before the central bank’s important interest rate decision, as it remained at levels reached last week due to expectations of a sharp rate hike. By 07:29 GMT, the lira was at 7.73 per dollar, compared with 7.7150 at Tuesday’s close. …
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