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The US dollar (USD) marked an across-the-board rally on Friday, securing its highest daily gain against the Japanese yen (JPY) since mid-June. This bullish breakout came after better-than-expected US job numbers, suggesting that the US Federal Reserve could continue its aggressive monetary tightening policy in the near term. The US Dollar Index (DXY), which tracks […]
The US dollar (USD) resumed its aggressive bull run on Thursday, tapping a new two-decade high, returning the euro (EUR) to parity. The bullish move comes as market participants anticipate a more aggressive Federal Reserve rate hike in July to combat the rising inflation figures. The ongoing global economic crisis has bolstered the safe-haven appeal […]
NZD/USD showed a good correction after it dipped to 0.6196 towards the end of the American trading period. A correction of good market feeling supported the base currency: NZD. In addition, perceived uncertainty surrounding the Federal Reserve Rate hike declaration died down. Consequently, this has caused traders and investors to start providing more liquidity to […]
The US dollar index (DXY), which tracks the dollar’s performance against other benchmark currencies, soared to a two-week high in the Asian session on Tuesday. The dollar rode on the back of rising US Treasury yields, which forced the yen to a two-decade low of 133 against the dollar. This level had been marked as […]
The US dollar lost some points against other top currencies on Friday, following a volatile week for the asset, as investors focused on the Federal Reserve’s outlook and efforts to curb rising inflation. The dollar index (DXY) tapped a multi-decade high of 104.07 overnight amid increased safe-haven demand after a sharp sell-off witnessed in the […]
The US dollar has retraced mildly over the past 24 hours against most counterparts, as US yield gains slowed following the release of lower-than-expected inflation data earlier this week. The Greenback retreated from a two-year peak of 100.5 on Wednesday, with the bearish sentiment still in place on Thursday. At the time of writing, the […]
The EUR/USD pair has maintained a downward trend for the past few days, although this trend follows a non-linear pattern. The pair traded around the 1.1000 mark in the London session on Tuesday as investors remained on the sidelines ahead of the speech from the European Central Board (ECB)’s President Christian Lagarde and the announcement […]
The EUR/USD pair has fallen dramatically in the early European session on Thursday, coming a few inches to the 1.1200 support. The massive sell-off comes amid heightened geopolitical tensions as Russia invades Ukraine, which sparked risk flight by investors into safe-haven assets like gold and oil. Recent updates from Ukraine’s Interior Ministry confirm that Kyiv, […]
The US Dollar Index (DXY), which tracks the price action of the dollar against the top seven currencies, enjoyed some upward mobility this week amid the worsening risk-off sentiment across the financial markets. The greenback recorded its fourth consecutive bullish day on Tuesday, as it received support from heightened geopolitical fears as military presence and […]
The USD/CAD pair has retraced from its one-week high recorded yesterday as we head into the London session on Tuesday. The recent pullback in oil prices, Canada’s key export item, appears to be behind the recent surge in the Loonie pair. At press time, the WTI crude oil trades down by -1.02% at $93.74 per […]
