Tag Archives: USD

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 …

The Canadian Dollar (CAD) is maintaining some of its gains against the US Dollar (USD) on Tuesday. The CAD is up by 0.04% against the USD, after rising earlier by more than 0.1% to its highest level against the greenback in eight months. The Canadian Dollar is supported by improved …

Safe haven currencies, namely the Japanese Yen (JPY) and the Swiss Franc (CHF) are showing a weak performance on Tuesday, amid decreased demand with improved risk appetite supported by news of new COVID-19 vaccine and treatments. The CHF is leading the decline with its highest losses coming against the New …

The US Dollar (USD) is close to ending August as its fourth consecutive month of losses, marking its worst performance in August in five years. Consecutive losses are taking the USD to levels not seen in 2018, according to a recent report by Reuters. The Dollar Index (DXY), which measures …

The dollar and euro were cautious in trading on Wednesday, August 26th, with dealers reluctance to make risky bets ahead of an important speech by US Federal Reserve Chairman Jerome Powell. In light of growing expectations that Powell will unveil a more tolerant policy towards inflation at the annual Jackson …

The Dollar index (DXY) continues to maintain its decline for another day as it is closed to finish Tuesday’s session down by 0.31% a little above the 93 mark. The DXY measures the performance of the US Dollar (USD) against a basket of six major currencies. The USD is down …

The Dollar Index (DXY) that measures that performance of the US Dollar (USD) against a basket of six major currencies. The DXY is up by 0.08% for the day at 93.33, after closing last week at 93.25. The index’s daily range has been between 92.84 and 93.34. In the absence …

The US Dollar (USD) is reversing its recent losses and showing a positive performance on Wednesday, ahead of the release of the Federal Reserve meeting minutes later today. The Dollar index (DXY), which measures the USD performance against a basket of six major currencies, is up by around 0.50% at …

Oil prices fell on Wednesday, August 19, due to fears that fuel demand in the United States may not recover as quickly as expected in light of the faltering talks on a stimulus package for the economy, overshadowing an exceeded expectations decline in US crude stocks. With investors keeping their …

The U.S. Dollar (USD) is maintaining its downward trend on Monday, despite an increase in housing starts. Recent data suggests that the real estate sector in the United States is recovering amid a decline in interest rates. The Dollar index (DXY), which measures the USD performance against a basket of …