US Dollar Articles
US dollar index Rebounds on Riskier Assets Selloff, Gold Tumbles
US dollar bounced back sharply at the beginning of this week amid a sharp drop in equities and risker currencies. The significant growth in coronavirus infections along with the threat of new lockdown and economic restrictions pushed the US dollar higher against the basket of six major currencies.
US Dollar Index Rebounds on Stronger Economic Growth
US dollar bounced back sharply after the Federal Reserves decided to keep the interest rates low until they reach their employment and inflation goals. The Central Bank has also optimized investor’s sentiments by presenting stronger than expected economic recovery projections. They hinted faster employment growth in the days ahead.
AUD/JPY Daily Cross Signals Bearish Momentum
Price breaking below daily pattern trend line and if held, could commence the exit sell down to levels we have not seen since June. AUD/JPY is at a critical zone to determine its fate. This week Japan announced Yoshihide Suga as their official Prime Minister, and US retail data…
US Dollar Index Steady Ahead of Central Bank Policy Meeting
US dollar looks steady above the 93 mark against the basket of major currencies as improving economic data helped the greenback to reverse some losses last week. The U.S. central bank’s two-day policy meeting is scheduled for September 15-16.
USD/CAD Next Drop Presents Value at 1.31500
Friday’s economic data showcased US inflation back on track at 1.3% YoY, but slightly weaker on the month at 0.4%. (Previous month 0.6%). For the USD/CAD, we could see a short term drop to 1.31500 before the next rise as the Canadian dollar looks to shadow the Oil drop. Key…
Euro Regains Momentum Against US Dollar Amid EU Economic Recovery
Euro soared back to 1.18 level as Bloomberg reported that European Central Bank is more confident in economic recovery. This is because European economic forecasts are steady since June. Euro plunged sharply earl this week amid concerns over the potential ECB’s interference to half the common currency rally.
US Dollar Gains Extends into Seventh Straight Day, Gold and Stocks Fell Sharply
US Dollar soared robustly in the past six sessions in a row as coronavirus infections have been steadily declining over the past month. In addition, strong economic data from all over the world is adding to investor's sentiments. Some investors blame the selloff in British Pound and Euro value backed the US dollar value upside.
USD Index Remains Range Bound on Shrinking Short Bets
The USD index continues trading in a tight range around 93 levels amid bullish economic reports that are offsetting Federal Reserve’s low-interest-rate policy. The USD index recovered from twenty-seven months low last week as US jobs came in better than expectations. Strong services and manufacturing data is also adding to investor's sentiments.
China vs Australian Tension Imminent?
The ASX Index takes a hit as Australia and China tensions brew, could this worsen ? USD stages a rebound , with the survival of the rally in question. Could EUR/USD be setting the stage to reach 1.25. US and European equity futures rise again, with treasuries slipping.
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.
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.
US Dollar Lingers Above 93 Level, Gold Fail to Extend Bullish Moves
The US dollar index stayed above 93 levels as economic and market data has been supporting the reserve currency against the basket of major currencies. The resumption of trade talks and improving consumer price index and manufacturing data helped in enhancing trader’s sentiments on a reserve currency.