What you should know on Tuesday, January 11: The dollar oscillated between gains and losses, unable to find a clear direction and led by US Treasury yields once again. Market participants await news on inflation from the US, as the country will publish the final reading of the Consumer Price Index for December next Wednesday, […]
Tag: Index Dollar
The next target on the upside is 96.50
DXY regains its composure and advances above 96.00. The next bullish target is seen at the 96.50 area. The DXY (US Dollar Index) he manages to regain his smile and surpassed the barrier of 96.00 and more at the beginning of the week. Should buying pressure regain conviction, then the next major hurdle should come […]
US dollar DXY index bounces off lows and nears 96.00
The DXY Index regains some composure and is approaching the 96.00 level. Higher US yields support the dollar’s recovery so far. November wholesale inventory data in the US will be released today. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, returns to positive territory and […]
US Dollar Index unchanged above 96.00 after NFP report
The index maintains the bearish note above 96.00. US nonfarm payrolls increased by 199,000 jobs in December. The unemployment rate fell to 3.9%. Selling interest around the dollar remains good and solid at the end of the week and keeps the US dollar index in the area above the 96.00 barrier on nonfarm payrolls. The […]
Additional winnings probably above 96.50
DXY fades Thursday’s modest advance and retests 96.00. If the bulls wake up, the next target is nearing 96.50. The DXY (US Dollar Index) alternate losing earnings at / above 96.00 ahead of key US non-farm payrolls on Friday. If buying interest gathers momentum, the index should initially target the area of ​​cumulative yearly highs […]
Forex Today – Asian Session: Non-Farm Payrolls Could Mean An Even More Aggressive Fed
What you need to know on Friday, January 7: The dollar retained most of its post-Minute gains from the FOMC, even though US data is generally disappointing. Stocks remained bitter, while US government bond yields held near the multi-month highs reached on Wednesday. EUR / USD closed around 1.1290, at the lower end of its […]
Forex Today – Asian Session: US Federal Reserve Ready to Tighten Further
What you need to know on Thursday, January 6: The dollar was down for most of Wednesday, but received an unexpected boost from the minutes of the US Federal Reserve meeting. US policymakers noted that “in light of elevated inflationary pressures and the strengthening of the labor market, participants felt that the increase in policy […]
US Dollar Index Still Under Pressure, Challenges 96.00
The DXY is trading defensively near 96.00. The US ADP report surprised to the upside in December. Investor attention now shifts to the FOMC Minutes. The US Dollar Index (DXY), which measures the dollar against a group of its main rivals, is trading defensively and near the 96.00 zone on Wednesday. The US dollar index […]
Forex Today – Asian Session: Currencies Trying To Find Their Way
What you need to know on Wednesday, January 5: The dollar continued to advance on Tuesday, posting the most notable advance against the yen. USD / JPY jumped to 116.34, its highest level since January 2017, as the dollar rose along with US government bond yields Demand for the US currency fell back with the […]
The DXY falls back towards 96.00
The DXY has fallen back near the 96.00 level on the back of the latest US data, cutting back on initial gains. The latest ISM manufacturing PMI report fell to 58.7 in December from 61.1 driven by a drop in prices paid. The DXY has plunged into negative territory on the day in recent trading […]