USD Index Lost Upside Momentum, Gold and Euro Soars
USD index retreated from one week high that it had hit on Thursday as the market analysts are still bearish over the greenbacks future fundamentals. The concerns over US economic growth and Federal Reserve’s low-interest-rate policy is among the biggest bearish factors for the USD index.
US Dollar Gains on Economic Recovery, Euro Fell on Short Bets
US dollar soared for the second day in a row as investors have started showing confidence in the US economy as economic data have robustly improved in the past two months.
US Dollar Index Move Back Above 92, Euro Hit $1.20
Although the US dollar index moved above the 92 level on Wednesday against the basket of six major currencies, the market analysts anticipate the greenback will remain in a bear mode for a long time due to Federal Reserve’s easy policies.
US Dollar Could Fall 36% Against Euro, Analyst Claims
US dollar has been under pressure over the past six months due to the massive level of coronavirus related economic devastation in the United States. The greenback has lost a lot of value against the euro and other major currencies, but analysts believe it’s just the beginning of a declining story.
US Dollar Plunge to Fresh 27 Months Low on Fed’s Dovish Stance
US dollar fell sharply in Friday trade after Federal Reserve’s Chairman Jerome Powell announced to hold interest rates at the current level and intentionally increase the inflation rate above the targeted 2% level to support the economic recovery.
FX Technical Report – Week Ahead
Technical Report Ahead of Week Beginning on the 31st of September Key Ideas Summary EUR/USD – Long Bias USD/CAD – Short Bias GBP/JPY – Long Bias Please refer to analysis below for further explanation and chart visualisations. EUR/USD As illustrated it the image above, EUR/USD has been trading in a slight upwards channel structure. […]
US Dollar Fell After Fed’s Powell Speech, Euro Stabilizes
US dollar fell back below 93 levels on Friday as investors have started showing concerns over Federal Reserve’s new monetary policy that is likely to lift inflation. Fed Chairman Jerome Powell said Central bank’s policy of improving the employment numbers could negatively impact inflation numbers in the coming days.
US Dollar Index Fell Below 93 Level As Investors Awaits Fed’s Powell Speech
US Dollar index plunged below the 93 after generating gains in the past couple of days. The latest selloff is prompted by the trader’s concerns over Fed’s chairman speech at Jackson Hole conference. Besides the Fed, the US dollar received strong support from economic data.
Pre-Asian Trading Session Update
The dollar traded fairly quiet during the European trading session, however, picked up significant moment towards the end of the US trading session.
US Dollar Rebounds from 27-Month Low, Gold and Euro Tumble
US Dollar index rebounded sharply in the past few sessions after hitting twenty-seven months low of almost 92.14 against the basket of major currencies. Although the greenback moved back from previous lows, the market analysts believe the reserve currency needs a longer time for complete stabilization.
USD Index Soars on Fed’s Stance, Gold and Euro Tumble
USD index soared above the 93 levels after hitting twenty-seven months low on Tuesday. US dollar is among the worst-performing currencies over the last couple of months. The index is down around 7% in the past six months.
US Dollar Plunge to 27-Month Low, Gold is Still Below $2000
US Dollar dropped to the lowest level in the last twenty-seven months on Tuesday amid trader’s concerns over the US-China trade war and economic recovery. The USD index slid for the fifth day in a row and it is down almost 7% in the last six months.