This is what you need to know to operate the Tuesday, November 9: The greenback gave up some ground on a quiet Monday. The week started with China reporting a record surplus of the trade balance, although imports increased less than expected, with notable falls in the purchase of oil and soybeans. Several policy makers […]
Tag: Index Dollar
Fed: We are likely to see higher housing inflation for a while
The governor of the Federal Reserve, Michelle Bowman, made a statement collected by Reuters on Monday in which it pointed out “a series of economic and financial stability risks posed by the housing market, particularly pointing out that the Increased demand and slow construction are putting upward pressure on prices” Bowman also said that we […]
I don’t expect rates to go up before the Fed’s bond cut is complete – Patrick T. Harker
Patrick Timothy Harker, chairman of the Federal Reserve Bank of Philadelphia, says he does not expect the federal funds rate to increase before the Fed’s bond tightening is complete. “I don’t expect the federal funds rate to go up before the tapering is complete, but we are monitoring inflation very closely and are prepared to […]
It remains stable around 94.25, despite the decline in US Treasury yields.
The US Dollar Index touched a new 2021 high at 94.62 on the better-than-expected US NFP report. US 10-year Treasury yields fall nearly seven basis points, undermining the USD. DXY: A break above 94.62 would open the door to 95.00. The US Dollar Index, also known as DXY, measures the performance of the USD against […]
US Dollar DXY Index returns to 94.30 ahead of NFP
The DXY index moves within a tight range around 94.30. US yields attempt a slight rebound on Friday. The focus will be on October’s NFP Nonfarm Payrolls. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, moves within a narrow range in zone 94.30 during the […]
Stable around 113.75, trapped within the 113.50-114.20 range
USD / JPY plummets for the day, despite the broad strength of the US dollar across the board. The decline in US Treasury yields weighed on the USD / JPY pair, benefiting the Japanese yen. The USD/JPY it fell during the American session, losing 0.21%, trading at 113.76 at the time of writing. As shown […]
Forex Today – Asian Session: Dollar Returns Strongly
What you need to know on Friday, November 5: On Thursday, the US dollar is the overall winner, resuming its advance and reaching new weekly highs against high-yielding rivals. On the other hand, safe haven assets rose against the dollar, although without breaking any critical level. The Bank of England had a monetary policy meeting […]
US dollar DXY index rises to three-day highs above 94.20
The DXY Index continues to rally and retests the 94.20 / 25 region. US yields are on the defensive with the 10-year falling back to 1.58%. Weekly jobless claims, Challenger job cuts and the trade balance all stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar […]
NZD / USD falls below 0.7150 amid dollar rally
The NZD / USD fades the bounce from two-week lows as the USD bulls return. Post-Fed risk appetite and recovery in US yields fueling the USD rally. The focus shifts to the US NFP on Friday for a decisive move in the pair. The NZD / USD moves lower and retraces below the 0.7150 level […]
Forex Today – Asian Session: Dollar Lowers As Fed Delivers But Doesn’t Promise
What you need to know on Thursday, November 4: The US dollar closed with modest losses on Wednesday against most of its main rivals, following the monetary policy announcement by the US Federal Reserve. The US central bank kept interest rates unchanged as expected and announced the reduction of its asset purchases by $ 15 […]
