The DXY index extends the weekly decline to the 90.30 area. Trade relations between the United States and China are back in the news. Weekly Unemployment Claims and the Fed’s Monetary Policy Report are prominent on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of […]
Tag: Index Dollar
EUR / USD is forecast in the 1.1500 region by the end of 2021
Analysts at Bank of America Global Research (BofA) believe that EUR / USD likely to dip to 1.1500 amid likely US dollar rally, while they revise their price forecasts downwards from 1.2500 for 2021. Key Comments: The key catalysts for dollar strength American include: Monetary policy divergence of the Fed and the ECB. The potential […]
AUD / USD hovers near two-week highs around 0.7750 amid US-China optimism
AUD / USD celebrates the upbeat phone call between Joe Biden and Xi Jinping. Positive comments on the Australian economy are also supportive. The USD suffers from a weak US CPI as the focus shifts to jobless claims. The AUD/USD is in a mode steady recovery to two-week highs of 0.7756 set the day before, […]
Forex Today – Asian Session: Dollar Under Pressure, Risk Sentiment Fades
What you need to know on Thursday, February 11: The US dollar remained under pressure, losing ground to most major rivals. EUR / USD hit 1.2143, while GBP / USD hit a multi-year high of 1.3865. Commodity-linked currencies traded smoothly within limited intraday ranges. Investors are still waiting for a reason to move the currencies […]
The US dollar index flirts with lows near 90.30 after the CPI
DXY remains depressed near new lows around 90.30. The core US CPI was flat on a monthly basis in January. Powell will speak later about the US job market. The US Dollar Index (DXY), which measures the dollar against a basket of its G10 peers, maintains the sell bias unchanged in operations close to the […]
DXY Price Analysis: Preparing for a Bearish Extension
The US Dollar Index (DXY) extended the decline and is slowly approaching the psychological support at 90.00. The index is flirting with the line. Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and […]
NZD / USD corrects from monthly highs near 0.7250 ahead of US and Powell CPI
The NZD / USD fails to benefit from the broad decline in the US dollar. Trade tensions between New Zealand and China and a rebound in US Treasury yields weigh on the pair. The focus remains on the US CPI data and Powell’s speech. The corrective pullback in the pair NZD / USD accelerated during […]
US Dollar Index DXY at new lows near 90.30 ahead of US CPI and Powell’s speech
The DXY index remains under pressure and falls to lows near the 90.30 level. The persistent improvement in risk appetite weighs on the dollar. The focus of the markets is expected to be on the US CPI for January. The US dollar index DXY, which measures the strength of the dollar against a basket of […]
Forex Today – Asian Session: The Dollar Is Prepared To Continue Falling
What you need to know on Wednesday, February 10: The US dollar fell against most of the major rivals, moving again alongside US Treasury yields. Government bond yields fell further after peaking early Monday at new multi-month highs as investors await news related to a new US stimulus package. EUR / USD approached 1.2120, while […]
US Dollar DXY index remains under pressure around 90.60
The sales tone remains around the dollar. The NFIB index fell slightly to 95 points in January. Kaplan, governor of the Atlanta Fed, does not rule out a rebound in inflation. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, remains defensive in the region of […]
