DXY declines as easing tensions in the Middle East diminish the demand for safe-haven assets and lower the probabilities of a rate hike by the Federal Reserve in December. US-Iran peace talks stabilise crude oil prices, contributing to a reduction in immediate inflation worries. Strong US GDP figures and a constrained labour market mitigate losses 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 Index encounters challenges following underwhelming megacap earnings, which have raised apprehensions regarding the durability of AI trade. The escalating conflict in the Middle East, coupled with the potential for post-midterm US-Israeli strikes on Iran, has led to an increase in the appeal of alternative safe-haven currencies. Fed Chair Kevin Warsh indicated a Read More
The US Dollar Index has strengthened to approximately 102.20 on Monday. The US economy generated 29,000 jobs in September, while the Unemployment Rate increased to 4.2%. Weaker-than-anticipated employment figures in the United States have led to a moderation in expectations regarding potential rate increases by the Federal Reserve. The US Dollar Index, an index of Read More
The dollar remained close to its peak levels of the previous week on Friday, as tensions in the Middle East drove up oil prices and bond yields in anticipation of the U.S. inflation figures set to be released later in the day. The U.S. dollar index, which measures the currency against six peers, was trading 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
The US Dollar Index has experienced a decline, settling at approximately 99.90 during the Asian session on Friday. The US PPI inflation remained stable in July, bolstering expectations that the Fed will abstain from increasing interest rates in the upcoming month. Fed’s Barkin stated that a rate hike remains a ‘open question.’ The US Dollar Read More
The US Dollar Index extends its recovery to 99.85 from Friday’s lows at 99.41. Waning hopes for a rapid peace agreement in Iran, coupled with assertive remarks from Federal Reserve officials, have given a renewed impetus to the USD. Bulls must surpass the 100.00 threshold to validate a more substantial correction. The US Dollar Index 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 immediate focus shifts to the US employment report for May.It frequently provokes a significant response in the foreign exchange market. The median forecast indicates an increase of 88,000. The average of 150k in March and April is open to revisions. Nonetheless, with the appointment of the new Fed chair, the influence on expectations for Read More
