The DXY index remains under pressure below the 103.00 level. A further drop could lead to a drop to the 102.30 region. The US Dollar Index (DXY) keeps the bearish tone so far unchanged below 103.00 at the end of the week. The index remains under pressure and therefore further losses should not be ruled […]
Tag: DollarIndex
DXY Price Analysis: With room for more losses
The DXY index leaves behind Wednesday’s gains. A further drop could lead to a drop to the 102.30 region. The US dollar index (DXY) it extends the turmoil observed so far this week and reverses the advance of the previous session. Despite the current bounce, further pullbacks remain on the table and could now target […]
US politics and risk aversion are factors favoring dollar strength — Janet Yellen
When asked about the strength of the dollar, US Treasury Secretary Janet Yellen said they were committed to market-determined exchange rates, Reuters reports. “The tightening of US monetary policy and risk aversion are factors that favor the strength of the dollar,” added Yellen. Other points to consider “The assets of the Russian central banks are […]
DXY Price Analysis: Still room for a move to 102.30
The DXY index is in buying interest around the 103.20 area midweek. A further drop could lead to the 102.30 region. The us dollar index (DXY) regains his smile after three consecutive daily setbacks. Despite the current bounce, further downside is still on the table and could now look to next support at 102.35 (May […]
US Dollar Index DXY: Bulls regain initiative near 103.60
The DXY index reverses recent weakness and revisits 103.60. US yields extend their recovery along the curve after Powell. US housing sector data and the Fed’s Harker speech stand out on today’s economic calendar. After three days on the defensive, the US dollar index DXYwhich measures the strength of the dollar against a basket of […]
EUR/USD Price Analysis: The upside remains capped below the 21-day SMA
EUR/USD halts three-day recovery move as USD recovers again. Comments from ECB’s Klaas Knot fuel the bullish wedge breakout, but the 21-day SMA will be a tough nut for EUR bulls to crack. Immediate support is found at 1.0488 as attention turns to Eurozone inflation. EUR/USD is quoting near 1.0520, having hit fresh multi-day highs […]
USD/JPY bulls hold firm as US stocks close higher
USD/JPY held firm despite US dollar weakness and increased risk appetite. The Fed chairman did not add anything new in his interview with the WSJ and risk appetite recovered on Wall Street. At 129.34, the USD/JPY up 0.18% at the close on Wall Street. Risk appetite increased on Tuesday as April industrial production and retail […]
Powell Offers No Surprises, Risk Assets Back in Positive Territory
In an interview in the Wall Street Journal, Federal Reserve Chairman Jerome Powell he said Tuesday that US central bank officials will keep tightening policy until inflation comes down “convincingly.” “There have been some promising signs to point to,” Powell told a Wall Street Journal conference. But, he added, “there are some signs that are […]
Powell speech: will the dollar find support in the hawks’ rhetoric?
The U.S. dollar is collapsing, this week, as investors take stock of the global economy, not just the United States. The USD has fallen victim to improving risk sentiment, which has helped the Euro, which has extended its rebound from the five-year low hit last week, and has put more distance between the common currency […]
US dollar index falls to 2-week low near 103.20 ahead of Powell
Moderate DXY pullback finds support near 103.20. US retail sales surprised to the upside in April. Chief Powell will speak later in the NA session. The US dollar index (DXY), which tracks the USD against a host of its major competitors, remains on the defensive below 104.00 on Tuesday. US dollar index eyes Powell The […]