The DXY index bounce was unable to close above the 99.00 level. US yields regain some composure on Tuesday. ISM Services PMI and Markit Services PMI stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, faces some downside pressure near the […]
Tag: DollarIndex
Dollar Stabilizes Amid Cautious Optimism, Focus on US Services PMI
This is what you need to know to trade today tuesday april 5: Risk sentiment continues to improve at the start of the European session, although a sense of caution prevails amid further sanctions talk of the West for Russian atrocities against Ukrainian civilians. Investors are also weighing expectations from the Fed, versus the inversion […]
EUR/USD consolidates near weekly lows below 1.1000
EUR/USD has fallen to around 1.0970 amid de-escalation in the Russia-Ukraine peace talks. Moscow may receive further sanctions from the West for civilian deaths in Bucha, Ukraine. The USD strengthens amid growing odds of a 50 basis point interest rate hike by the Fed. The pair EUR/USD has moved lower as escalating tensions between Russia […]
