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 hovered near a two-month high on Tuesday as volatile oil prices and a rapid climb in Treasury yields provided support. However, gains were constrained as traders awaited US data this week for insights into the Federal Reserve’s rate trajectory. The euro traded close to its lowest point in three months at $1.1367 following Read More
The US Dollar Index has experienced a decline, settling at approximately 99.50 during the Asian session on Monday. US retail sales decreased by 0.6% month-over-month in July, following a 0.2% increase in June. Discussions between the US and Iran aimed at addressing the Middle East conflict continue to be at an impasse. The US Dollar Read More
As the Middle East war intensified, oil prices increased, and investor confidence remained shaky following last week’s volatility, the dollar saw a slight increase against the majority of its international counterparts at the beginning of Asian trade on Monday. The U.S. dollar experienced a 0.1% increase, reaching 162.48 yen, marking its highest point since July Read More
The dollar appreciated against the majority of its counterparts as a resurgence of conflict in the Middle East heightened inflation concerns and increased the likelihood of interest rate increases by central banks worldwide. Against Japan’s currency, the dollar appreciated by 0.2% to reach 162.075 yen. The euro depreciated by 0.1%, settling at $1.1397, whereas the Read More
The U.S. dollar maintained its strength against the majority of major currencies on Thursday, as renewed hostilities between the U.S. and Iran spurred safe-haven demand, while rising oil prices intensified expectations for interest rate increases, thereby exerting pressure on the Japanese yen. The dollar fetched 162.425 yen, remaining close to its strongest level in a Read More
The US Dollar Index is experiencing an upward trend, reaching approximately 101.30 during the early European session on Tuesday. Increasing probabilities of interest rate hikes in the United States, coupled with a positive outlook on the American economy, bolster the DXY. Traders prepare for the imminent release of the US June jobs report, scheduled for Read More
A surging dollar has surpassed chart resistance and is on track for its most significant monthly gain in nearly a year on Thursday, as traders anticipate a robust U.S. economy supporting short-term interest rates while awaiting crucial inflation data. The dollar has surpassed the $1.14 threshold against the euro this week, reaching its peak in Read More
The dollar demonstrates notable strength, whereas the Canadian dollar and Norwegian krone display a bit of firmness. Stocks are mainly declining, whereas interest rates are rising, alongside oil prices. The North American market might view the US’s seeming reluctance to continue “kinetic” operations as a tactical move in discussions. This week, the US Treasury Secretary Read More
The dollar commenced Friday’s Asian session with a strong position against the majority of major currencies, following the resurgence of hostilities between the U.S. and Iran. Meanwhile, the Japanese yen remained relatively stable after recent verbal interventions from Tokyo. On Thursday, the U.S. and Iran engaged in exchanges of fire and rhetoric once more, intensifying Read More
