EUR / USD is struggling to find direction on Thursday. The US dollar index remains on track to close flat. Strong US data did not help the USD outperform its rivals. The pair EUR/USD It rose to its highest level in four weeks at 1.0995 on Thursday, but struggled to preserve its bullish momentum. At […]
Tag: Foreign exchange
The Mexican peso strengthens after breaking below 20.00
USD / MXN falls below 20.00, falls to the lowest in two months. The outlook is for more gains for the MXN, targeting 19.70 / 75. USD / MXN is falling sharply on Thursday. The decline accelerated after breaking below 20.00. So far it has bottomed at 19.89, the lowest level since mid-February. The pair […]
NZD / USD hits daily gains around 0.7170
The NZD / USD is posting gains for the third day in a row. The US dollar index struggles to gain traction after upbeat US data. The bullish market sentiment is helping the NZD / USD to stay bullish. The pair NZD / USD it rose to its highest level in nearly four weeks at […]
USD / CAD cuts intraday losses to monthly lows, retreats above 1.2500
The USD / CAD witnessed some subsequent selling for the third consecutive session on Thursday. A modest rally in the USD, a pullback in crude oil prices helped limit the slide, at least for now. The optimistic macroeconomic statements from the US failed to impress bullish traders or provide any significant boost. The pair USD […]
The US dollar index maintains the tight range around 91.70
The DXY finds support at the 91.50 area on Thursday. Advanced retail sales crushed estimates in March. Initial claims fell to multi-month lows last week. The US Dollar Index (DXY), which measures the dollar against a basket of its main competitors, appears to be recovering from recent lows in the 91.50 area. The US dollar […]
AUD / USD clings to gains around 0.7750 after US data.
AUD / USD consolidates its daily gains around 0.7750 in the American session. Retail sales in the US increased 9.8% in March. The US Dollar Index remains relatively quiet around 91.70. After hitting its highest level in more than three weeks at 0.7762 on Thursday, the pair AUD/USD appears to have entered a consolidation phase […]
EUR / USD finds support above 1.1950 and bounces erasing losses
EUR / USD in neutral territory for the day, debating between 1.2000 and a downward correction. The dollar is not favored by economic data. The EUR / USD fell to 1.1955 at the time of the release of US economic data.. positive, but then bounced back to the 1.1975 zone, where it is trading, around […]
Pulls away from multi-week lows, remains vulnerable below 1.2500
USD / CAD remained under some selling pressure for the third consecutive session on Thursday. The sustained advance of a trading range support near 1.2500 favors bearish traders. Weakness below the 1.2475 region will set the stage for an extension of the depreciation movement. The pair USD / CAD extended this week’s rejection drop from […]
USD / JPY falls to 3-week lows near 108.70
USD / JPY further loses control and tests 108.70. US 10-year yields remain depressed near 1.60%. US Advanced Retail Sales expanded 9.8% MoM in March. The downtrend in US yields continues to weigh on the dollar, dragging the dollar down USD/JPY to fresh multi-week lows at the 108.70 / 65 zone on Thursday. USD / […]
GBP / USD is holding on to gains close to 1.3800, unaffected by upbeat US macro data.
GBP / USD gained positive traction for the fourth consecutive session on Thursday. A modest rally in the USD from multi-week lows limited the pair’s rise. The mostly upbeat US economic releases did little to provide significant boost. The pair GBP/USD it maintained its intraday gains, although it lacked subsequent purchases and remained capped below […]
