What you should know on Thursday, February 3: The US dollar continued to slide on Wednesday to hit new weekly lows against its high-yielding rivals. The EUR/USD pair hit 1.1329 as the annual EU Consumer Price Index jumped to 5.1% in January, greatly outperforming the 4.4% expected and 5% prior. The reading came a day […]
Tag: IndexDollar
Forex Today – Asian Session: Dollar remains on the defensive
What you should know on Wednesday, February 2: The dollar remained on the defensive on Tuesday, although losses were limited on the FX board. The EUR/USD pair is ending the day largely unchanged at the 1.1240/50 zone after gloomy data from the EU put a cap on the shared currency. GBP/USD shrugged off the UK […]
US dollar index DXY extends decline to 94.30 ahead of key data
The DXY index continues to correct from recent highs near 97.50. US yields remain below recent highs on Tuesday. Market attention remains on the US ISM Manufacturing PMI. The US dollar index DXY, which measures the strength of the dollar against a basket of major currencies, extends the move lower and moves below the 97.00 […]
Forex Today – Asian Session: Dollar hit by poor employment figures
What you need to know on Friday, January 21: The dollar traded soft on Thursday, ending the day mixed on the FX board. The EUR was among the weakest, while the AUD and CAD were the strongest. Disappointing US jobs-related figures were behind broader dollar weakness at the start of the US session as weekly […]
US dollar index trims losses and recovers 95.60
DXY daily retracement finds support near 95.40. US yields remain in corrective mode along the curve so far. Initial applications surprised to the downside last week. The dollar, in terms of US dollar index (DXY), now alternating gains with losses around the 95.60 zone. US Dollar Index Offered Lower Yields, Data Mixed After bottoming out […]
US Dollar Index Challenges Daily Lows Near 95.50
DXY trades under pressure and flirts with 95.50. US yields correct lower and contribute to the weakness of the dollar. US housing starts and building permits surprised to the upside. The US dollar index (DXY), which measures the dollar against a pack of its major rival currencies, is still trading in negative territory around 95.50 […]
Forex Today – Asian Session: Dollar Rises Again Along With High Treasury Yields
What you should know on Wednesday, January 19: The US dollar is the overall winner, against all of its major rivals. US Treasury yields soared to levels last seen in February 2022, with the 10-year yield hitting 1,856% and the 2-year yield topping 1%. Stocks fell, with global indices ending the day in the red. […]
Forex Today – Asian Session: Dollar Consolidates Friday Gains as Investors Wait for New Catalyst
What you need to know on Tuesday, January 18: The week started in slow motion, with little action on the FX board. Chinese data released earlier in the day provided a modest boost to high yield assets, which reversed course during European trading hours. US markets were closed for the Martin Luther King Day celebration, […]
Further gains likely above 95.20
The DXY index looks to extend Friday’s gains above the 95.00 level. The 55-day SMA at 95.73 emerges as the next resistance. The DXY Index struggles to find direction just above the 95.00 level and looks to extend the recent rally during the European session on Monday. If the recovery finds serious traction, then the […]