The dollar remains firm in the market in a negative context. USD/MXN resumes gains after Wednesday’s correction. USD/MXN is rising sharply on Thursday erasing Tuesday’s decline and is approaching 21.00 again. The dollar remains firm in the market in a negative context. The Mexican peso has not escaped the pessimistic global climate that keeps the […]
Tag: Foreign exchange
USD/CAD soars past 1.3100, reaching highs since November 2020
USD/CAD rises almost 200 pips on Thursday. The loonie went from being the best to the worst in one day. Data ahead: wholesale inflation and unemployment benefits in the US; and manufacturing sales in Canada. The USD/CAD accelerated the move higher in the European session and climbed to 1.3141the highest level since November 2020. In […]
USD/MXN jumps to four-month highs near 21.00 after US data.
The dollar soars after the US inflation data for June. Expectation of aggressive Fed monetary tightening drives Treasury yields. Emerging currencies plummet, several at record lows against the dollar. USD/MXN rises to the 21.00 area, advancing for the third day in a row. USD/MXN is rising for the third day in a row and climbed […]
GBP/USD positive and above 1.1900 on US CPI preview.
GBP/USD bounces off 1.1870 and returns to the daily high zone. UK: May growth data beat expectations. The US reports inflation for June at 12:30 GMT. GBP/USD is rising on Wednesday and extends the recovery from the two-year low it reached near 1.1800 on Tuesday. The pair hit as high as 1.1936, a two-day high, […]
AUD/USD rises for a second day and approaches 0.6800 on US inflation preview.
Dollar correction and stable markets favor further rise in AUD/USD. Market focus shifts to US inflation data. The employment report will be published in Australia on Thursday. The AUD/USD is rising for the second day in a row, extending the rebound from the 0.6700 zone and approaching 0.6800. The pair reached a two-day high at […]
USD/MXN jumps to highs in almost four months above 20.90
The dollar continues to rise against emerging market currencies. Stock markets continue to decline. USD/MXN continues to climb, at highs since mid-March. USD/MXN reached as high as 20.92 on Tuesday, the highest level since March 15. It then experienced a pullback towards 20.80. The dollar remains firm supported by fundamentals and also technical factors. On […]
USD/CHF hits fresh three-week highs above 0.9850
The dollar remains firm in the market in a context of risk aversion. Stocks fall in Europe and in Wall Street preview. USD/CHF rises for the eighth day in a row. The USD/CHF continues to advance non-stop and is already eight days in a row, buoyed by a stronger dollar. The pair climbed to three-and-a-half-week […]
EUR/USD remains weak near parity, after hitting 0.9999
The dollar remains firm in the market in a cautious climate. Treasury bond yields continue to fall on demand for safe-haven assets. EUR/USD at 20-year lows and preparing to drop below 1.0000. The EUR/USD is trading just above 1.0000, at the lowest levels since December 2002. The pair went as high as 0.9999, and then […]
EUR/USD marks new lows in 19 years in the area of ​​1.0050
The dollar strengthens in the market with a climate of risk aversion. EUR/USD at 20-year highs and very close to parity. The dollar index also hits a 20-year high. The EUR/USD accelerated the decline and fell to 1.0049, reaching the lowest level since December 2002. The pair is trading at 1.0065, trying to break away […]
USD/JPY hits new highs since 1998 near 138.00
The dollar advances on all fronts, DXY at maximum in decades. Yen weak after BoJ warning and after Japanese elections. USD/JPY is heading towards 138.00, support at 137.30. The USD/JPY accelerated the upward run and surpassed 137.30 jumping to 137.74, the new maximum since September 1998. The pair maintains the bullish moment in a context […]
