The DXY was unable to sustain Thursday’s bullish attempt at 93.80. Solid containment remains around 93.50 so far. The U.S. dollar index (DXY) picks up on the downs after the recent failed attempt to revisit the 94.00 area (Thursday). Now there is likely to be further consolidation amid the current price action. However, if sellers […]
Tag: Index Dollar
US Dollar DXY Index Falls Again Approaching 93.60
The DXY index retraces Thursday’s advance and returns to 93.60. US yields returned part of the recent rise on Friday. Preliminary PMIs stand out on today’s US economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, is again pointing lower, approaching the 93.65 / […]
Long-term inflation expectations are in line with the central bank’s 2% target – John Williams
The chairman of the New York Federal Reserve (Fed), John Williamssaid on Friday that Long-term inflation expectations are in line with the central bank’s 2% target. Featured statements If inflation expectations are anchored too low, that will reduce real inflation over time.. There is great uncertainty about the current economy. The House prices in the […]
Forex Today – Asian Session: Dollar Ready to Resume Advance
What you need to know on Friday, October 22: The risk faded on Thursday, and the dollar made the most of it. The US currency appreciated against most major rivals, except the CHF and JPY, which are safe havens. There was no particular catalyst behind the sad feeling, although renewed concern about inflation may be […]
USD / CAD rises towards 1.2350 amid US dollar rally and WTI retracement
USD / CAD breaks a two-day downtrend as USD attempts a bounce. Risk aversion spreads to Europe amid renewed fears surrounding Evergrande in China. WTI retreats from seven-year highs and weighs on CAD, supporting the pair’s upward move. The pair USD / CAD is achieving a good recovery from four-month lows of 1.2289 and points […]
Dollar DXY Index rises to 93.70 pending US data.
DXY regains some composure and retests 93.70. US 10-year yields again faltered above 1.67%. Weekly jobless claims and the Philadelphia Fed manufacturing index are the relevant data for the day. The greenback, in terms of US Dollar Index (DXY), seeks to finally regain buying interest and leave behind the current negative streak of several sessions. […]
The negative impact of risk appetite on the dollar is offset by higher yields
This is what you need to know to trade today Thursday, October 21: The risk-positive market environment makes it difficult for the dollar to find demand in the second half of the week, but rising US Treasury yields continue to help the currency limit its losses against its main rivals. Ahead of the US mid-level […]
Forex Today – Asian Session: Risk Appetite Presses Dollar
What you need to know on Thursday, October 21: The dollar remained under selling pressure and lost ground against all its main rivals, including the considered safe haven. The US dollar enjoyed some temporary demand at the start of the European session, as US government bond yields jumped to new multi-month highs, with the 10-year […]
Forex Today – Asian Session: Risk Appetite Drives Returns As Investors Fight For A Catalyst
What you need to know on Wednesday, October 20: The US dollar fell slightly against high-yielding rivals and remained sideways against those considered safe havens as market sentiment improved somewhat. Global indices closed higher, with speculative interest ignoring tepid macroeconomic figures. The EUR / USD pair hit a three-week high of 1.1669, but ended the […]
The dollar loses ground with the return of risk flows to the markets
This is what you need to know to trade today Tuesday, October 19: Tailored that the risk flows return to the markets, the greenback continues to weaken against its rivals, with the dollar index U.S dropping to fresh three-week lows near 93.60. In addition, the yield on 10-year US Treasuries has fallen more than 1%, […]
