NZD/USD has pulled back from the 0.6850 area to 0.6820 and is down around 0.5% on the day. Weak US data was largely ignored, with the dollar staging a tentative rally, while wobbly stock markets hurt the NZD. The positive midweek momentum of the NZD / USD faded on Friday, with the pair dipping back […]
Tag: Index Dollar
The US Dollar Index regains its smile and is approaching 95.00
The DXY reverses the previous slide to 2-month lows near 94.60. US retail sales surprised to the downside in December. US Consumer Sentiment comes next on the economic agenda. Followed by the US Dollar Index (DXY), The USD shows a moderate recovery after bottoming out at multi-week lows near 94.60 at the end of the […]
Fall could extend to 93.80 zone
The DXY flirts with the 100-day simple moving average at the 94.60 region on Friday. The next containment zone appears in the 93.80 area. The dollar remains under downward pressure, dragging the US dollar index (DXY) to new two-month lows around 94.60 at the end of the week. If the downward pressure accelerates, then the […]
Forex Today – Asian Session: USD Sellers On Pause, But Maintaining Control
What you need to know on Friday, January 14: The market stabilized, with the dollar consolidating losses on Thursday. Risk appetite waned, preventing the dollar from falling further. Intraday gains in the greenback helped correct oversold conditions reached after Wednesday’s selloff. The aggressive attitude of the Federal Reserve was appreciated well before the release of […]
AUD / USD returns above 0.7300 as the dollar continues to decline
AUD / USD has broken above 0.7300 in recent trading and is now looking to test resistance from the uptrend dating back to November. The pair has benefited from the recent weakness in the USD and may struggle to gain more if the dollar stabilizes. In the last hours, the pair AUD/USD It has returned […]
Forex Today – Asian Session: Market Wakes Up Following US Inflation Figures at 40-Year Highs
What you should know on Thursday, January 13: The dollar tumbled following the release of US inflation figures. The December Consumer Price Index was confirmed at 7% YoY, as expected, while the core reading beat expectations at 5.5%. The news, which often generates risk aversion, this time had the opposite effect. Stocks rose, although indices […]
The 95.50 area holds the lows for now
The DXY struggles for direction at the recent lows near 95.50. The loss of 95.50 should open the door to further losses. The US dollar index appears to have found decent support at the current year’s lows around 95.50 on Wednesday. If sellers break below this level, they can push the index lower on the […]
US Dollar Index DXY appears to be supported near 95.50 before US CPI.
The DXY index appears under pressure around 95.50 during the European session on Wednesday. 10-year US Treasury yields remain capped by the 1.80% area. US inflation figures measured by the CPI stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, […]
Forex Today – Asian Session: Fed’s Powell put the USD in sell-off ahead of US inflation data
What you should know on Tuesday, January 12: The dollar fell sharply on Tuesday, following comments from US Federal Reserve Chairman Jerome Powell. In Senate hearings amid his nomination for a second term, the leader of the US central bank mixed an aggressive view of the economy with a cautious approach on reducing the balance […]
US dollar DXY index below 96.00 level before Powell
The DXY index retraces part of Monday’s advance and falls below the 96.00 level. US yields appear to be taking a breather around recent highs. The release of the NFIB index and the IBD / TIPP index stands out on the US economic calendar. The US dollar DXY index, which measures the strength of the […]
