The dollar and other major currencies remained stable on Monday as investors focused on this week’s US midterm elections, which have the potential to alter the balance of power in Congress and influence control over federal finances. In the realm of cryptocurrencies, bitcoin and ether are experiencing declines in value subsequent to the unprecedented $6.3 Read More
The US dollar continued to face downward pressure on Wednesday, following a decline to a three-week low in the prior session. This was attributed to a decrease in Treasury yields and crude oil prices, which diminished the currency’s attractiveness. The Australian dollar hovered close to a three-week high against the greenback, as Reserve Bank of Read More
The US Dollar Index may experience a rebound toward the nine-day EMA of 102.07. The 14-day Relative Strength Index at 57.40 indicates a favourable and constructive bullish momentum. The DXY may further decline toward the 50-day EMA of 100.87. The US Dollar Index, which measures the value of the US Dollar against six major currencies, Read More
The dollar inched higher to maintain proximity to a two-month high on Monday, as the US-Iran standoff continued to elevate oil prices while investors anticipated a data-rich week for further insights on inflation and the actions of central banks. The euro and sterling experienced a decline of 0.1% against the dollar, with the latest values Read More
The dollar exhibited strength on Tuesday as renewed Gulf attacks triggered a global bond selloff and heightened inflation concerns, while the yen fell below 160 per dollar once more, despite increasing pressure on the Bank of Japan to consider raising interest rates. U.S. President Donald Trump issued threats of additional strikes against Iran following the Read More
A fluctuating dollar hovered close to multi-month lows on Monday in a market disturbed by the U.S. Treasury’s commitment to repurchase additional long bonds, as traders anticipated details regarding sanctions on Iran and policy speeches scheduled for this week in the U.S. and Japan. The Canadian dollar experienced a decline of 0.2% in early trading, Read More
The U.S. currency’s appeal as a shelter was bolstered by uncertainties about an Iran peace deal, which caused the dollar to move higher against the yen and euro on Friday, building on gains from the previous day. The greenback also received support from elevated Treasury yields following a report that referenced sources close to Federal Read More
The U.S. dollar stabilised at the beginning of Asian trading on Thursday following the Federal Reserve’s decision to maintain its policy interest rate. Chair Kevin Warsh’s comments left markets uncertain regarding the resolution of divisions within the rate-setting committee. The dollar index, which measures the greenback’s strength against six currencies, nudged up 0.1% to 100.89 Read More
The dollar experienced a decline against its major counterparts in Asian trading on Monday following the U.S. decision to pause its bombing campaign in Iran over the weekend. This development led to a decrease in oil prices and an increase in global investor confidence. Against the yen, the U.S. dollar experienced a decrease of 0.2%, Read More
The US Dollar Index has experienced a decline, settling at approximately 101.00 during the early European session on Thursday. The DXY maintains a bullish sentiment above the 100-day SMA on the daily chart. The first upside barrier emerges at 101.45; the initial support level to watch is 100.60. The US Dollar Index, an index of Read More
