The DXY index is moving with modest losses around the 94.00 region. The Fed is likely to announce the start of the QE reduction. The US ADP report will be the focus later in the session. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, loses […]
Tag: Index Dollar
US Dollar Index looks offered around 94.00, looks to FOMC
DXY trades with marginal losses around the 94.00 region. The Fed is likely to announce the start of the QE tapering. US ADP report will take centre stage later in the session. The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main competitors, sheds some ground although it manages well […]
USD / CAD Maintains Gains Above 1.2400 Amid WTI Slump and Before Fed
USD / CAD maintains a two-day uptrend amid a pause in the USD advance. The WTI retreats after a weekly increase in US crude reserves and cautious sentiment. The focus is on the Fed’s decision, US economic data also remains in the spotlight. The USD / CAD remains above 1.2400, flirting with four-day highs near […]
US Dollar DXY Index struggles to find direction below 94.00
The DXY index is moving inconclusively below the 94.00 level. US bond yields were on the defensive Tuesday. The IBD / TIPP index and the API report stand out on today’s calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, reverses the negative start of […]
Forex Today – Asian Session: Dollar Bulls Paused Ahead of Critical Central Bank Announcements
What you need to know on Tuesday, November 2: The dollar was lower on Monday against most major rivals, but its upside potential remains intact. Market participants were cautiously optimistic pushing global equities higher and favoring a modest rally in government bond yields. However, several central banks will release new monetary policy decisions, including the […]
The US dollar index rises to the 93.80 area, daily highs
The DXY regains ground and retests the 93.75 / 80 area. Core US PCE was 3.6% YoY in October, 0.2% MoM. The US Dollar Index (DXY), which tracks the dollar against a basket of its major rival currencies, accelerates the daily rally and flirts with the 100 hourly simple moving average near 93.80 on Friday. […]
Yellen says inflation pressures will normalize in the second half of next year
In two different interviews with CNN and CNBC News on Friday, the United States Secretary of the Treasury, Janet Yellen, has touched on various topics, including rising inflation, supply chain crisis, economic recovery and the infrastructure spending bill. Featured Comments Price increases are expected to normalize in the second half of next year. She is […]
Forex Today – Asian Session: Dollar Selling Spiral Could Continue on Friday
What you need to know on Friday, October 29: The dollar tumbled after two top-tier events, ending the day with a sharp decline in all currency markets. The preliminary estimate of the Gross Domestic Product for the third quarter rose a modest 2%, disappointing expectations. Wall Street rebounded from Wednesday’s slide as low growth points […]
The US dollar index falls to monthly lows around 93.50
The DXY loses stability and falls back to the 93.50 / 45 area. Risk appetite, and the stability of US yields weigh on the dollar. The US Dollar Index (DXY), which measures the dollar against a set of its main competitors, accelerates the decline and challenges the October lows near 93.50. The US Dollar Index […]
US Dollar DXY Index Looks Limited Around 94.00 Ahead of Data
The DXY index halts two daily gains in a row on Wednesday. Yields on 10-year US bonds are sideways around 1.62%, 2-year bonds are close to 0.50%. Durable goods orders and trade balance data stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket […]
