The dollar maintained its position against the euro and sterling on Friday, preserving significant gains as investors anticipated U.S. consumer spending data following stronger-than-expected growth figures that tempered expectations for additional easing by the Federal Reserve this year. The euro remained close to a three-week low at $1.1667, while sterling showed little movement at $1.3351 Read More
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The dollar experienced a rally in North America yesterday, and it appears that the foreign exchange market is poised for its leadership once more today. The greenback is holding steady against the G10 currencies, remaining within tight ranges close to yesterday’s peak without making further gains. The dollar shows a mixed performance against the major Read More
The foreign exchange market is quiet today. The greenback is trading within narrow ranges, showing a slightly softer bias against most G10 currencies, except for the Swiss franc and Canadian dollar. The news flow is minimal, and the leadership in the North American market appears to be anticipated. The US has initiated a new sectoral Read More
The U.S. dollar strengthened against currencies such as the yen, Swiss franc, and euro on Wednesday, following Federal Reserve Chair Jerome Powell’s cautious remarks regarding further easing overnight. The dollar increased by 0.54% to 0.795 against the Swiss franc, aiming to end two straight sessions of losses. The euro declined against the dollar following an Read More
Following a rally in the latter part of last week, the dollar has been consolidating at lower levels over the past two sessions. It has returned to a bid today amid minimal news, showing gains of 0.25%-0.50% against the G10 currencies. The Australian dollar stands out, maintaining slight gains, buoyed by the stronger CPI reading Read More
The U.S. dollar experienced an increase on Wednesday, recovering from its lowest point in almost a week, following Federal Reserve Chair Jerome Powell’s cautious remarks regarding further easing overnight. Nevertheless, markets continue to anticipate two additional rate cuts this year. The euro declined against the dollar following an unexpected drop in German business morale in Read More
The dollar’s rally that commenced during the Federal Reserve’s press conference last week encountered a halt yesterday, and the greenback is predominantly weaker today. In light of Sweden’s unexpected rate cut, the krona is outperforming the G10 currencies, showing a notable increase. The preliminary September PMIs exhibited a general softening; however, the overall impact appears Read More
The U.S. dollar experienced ongoing pressure during Asian trading on Tuesday as traders analyzed remarks from Federal Reserve members for insights regarding the trajectory of interest rates. The greenback experienced volatility, oscillating between gains and losses, ultimately trading flat after breaking a three-day winning streak on Monday, with the U.S. dollar index recorded at 97.326. Read More
Following a strong performance last week, the US dollar’s upward momentum was initially sustained against the majority of G10 currencies, although a slight wave of profit-taking later occurred. The extension occurred during the European morning, but there is potential for it to stall in North America. Multiple pairs are exhibiting options close to today’s peak Read More
Sterling experienced a slight increase against the dollar on Monday as investors took a moment to reassess after Friday’s selloff, which was influenced by fiscal concerns. The dollar experienced a slight decline as market participants anticipate upcoming speeches from Federal Reserve officials this week, which may offer additional insights into the U.S. interest rate trajectory. Read More