The US dollar maintained its strength against major currencies on Friday, bolstered by haven demand following a global selloff in AI stocks. However, lower Treasury yields limited the extent of its gains in anticipation of a closely monitored US payrolls report. Currencies are responding to the dynamics of the equity and bond markets, analysts noted, Read More
The dollar experienced a significant decline against major currencies on Wednesday, following early results from the US midterm elections that indicated substantial gains for Democrats in their efforts to reclaim control of Congress from President Donald Trump’s Republicans. The immediate market reaction from investors was to divest from equities, exit the US dollar, and seek Read More
The US dollar maintained its strength on Wednesday, reaching a two-week peak in anticipation of policy decisions from various central banks, including the Federal Reserve. In contrast, the kiwi dollar experienced a significant decline following the unexpected decision of the country’s central bank to keep interest rates unchanged. Most of the dollar’s counterparts exhibited little Read More
The United States Dollar Index could potentially ascend toward the 18-month peak of 102.94. The 14-day Relative Strength Index around 60 suggests a favourable momentum while remaining below overbought thresholds. The immediate support is positioned at the nine-day EMA of 101.93. The US Dollar Index, which measures the value of the US Dollar against six Read More
The US dollar experienced fluctuations at the onset of trading on Tuesday, as a modest rebound in investor confidence supported higher-yielding currencies. However, escalating political risks in Europe persisted in challenging traders’ composure. The euro maintained its position at $1.1216, whereas the British pound experienced a modest increase of 0.1%, reaching $1.3308. The Australian dollar Read More
The US Dollar Index may be on the verge of reaching a nearly 18-month high of 102.53, as noted on Monday. The 14-day Relative Strength Index at 75.6 indicates that the asset is currently in overbought territory. The primary support is positioned at the lower boundary of the ascending wedge, approximately 101.70. The US Dollar Read More
The U.S. dollar faced challenges in maintaining its gains against major counterparts on Tuesday, as investors analysed Washington’s broadened sanctions related to Iran and the renewed initiatives aimed at alleviating pressure on longer-dated Treasury yields. The euro was a shade higher at $1.1668, hovering near a three-month peak hit last week, while sterling was 0.1% Read More
The dollar maintained its position on Friday, yet it was set to experience a weekly decline following a subdued U.S. inflation report this week, which prompted traders to reduce expectations for immediate rate hikes from the Federal Reserve. Meanwhile, escalating tensions in the Middle East dampened market sentiment. Iran and the United States engaged in Read More
The US dollar exhibits strength against the G10 currencies, with the exception of the Japanese yen.It is currently positioned around the JPY162 mark during the European morning, with options amounting to $2.2 billion set to expire later today. Germany reported a 0.9% rise in May industrial output, exceeding expectations and aligning with the largest increase Read More
The U.S. dollar stabilised close to a two-week low on Monday as investors reduced their expectations for a Federal Reserve rate increase this year, while the yen remained close to a 40-year low, leaving investors apprehensive about potential actions from Tokyo. The euro was at $1.1435, not far from its strongest level in two weeks, Read More
