Archive for Category: Market Outlook Forex

Dollar Index

Dollar Stabilizes Below 20-Year High; Bostic Comments in Focus

Dollar Index is trading down 0.09% at 103.54 The U.S. dollar stabilized in early European trade Tuesday after earlier falling back from a two-decade high as traders reappraise the likelihood of aggressive Federal Reserve rate increases. At 3:05 AM ET (0705 GMT), the Dollar Index, which tracks the greenback...

Read More
Australian Dollar

Australian Dollar Soars After Rate Hike

AUD/USD is trading up 0.78% at 0.7102 The U.S. dollar edged lower in early European trade Tuesday ahead of the start of the latest Federal Reserve policy-setting meeting, while the Australian dollar soared after the Reserve Bank raised interest rates and signalled more to come. At 2:55 AM ET...

Read More
DOLLAR INDEX

Dollar slips, still set for best month since 2015

DOLLAR INDEX is trading down 0.56% at 103.084 The dollar edged down from its recent 20-year high on Friday but was still on track for its best month since 2015, having been boosted by a combination of expectations for U.S. rate hikes and growth concerns in China and Europe....

Read More
EURUSD

Euro slips below $1.06 for first time since 2017

EURUSD is trading below 0.46% at 1.0588 The euro fell below $1.06 for the first time in five years against a broadly strong U.S. dollar on Wednesday amid rising concerns around energy safety and growth slowdown in China and Europe. The euro slipped to a five-year low of $1.05860...

Read More
Dollar

Dollar Gains on Global Growth Concerns

Dollar Index is trading up 0.38% at 101.50 The U.S. dollar climbed higher in early European trade Monday, gaining ground even against the euro despite Emmanuel Macron’s win in the French presidential election as traders sought out this safe haven. At 3:05 AM ET (0705 GMT), the Dollar Index,...

Read More
USDJPY

Dollar Edges Lower; G7 Intervention Concerns Mount

USDJPY is trading up 0.30% at 128.182 The U.S. dollar edged lower in early European trade Thursday as the world’s key finance ministers meet, but remains elevated amid expectations for aggressive Federal Reserve monetary tightening. At 3:15 AM ET (0715 GMT), the Dollar Index, which tracks the greenback against...

Read More
Dollar Index

Dollar steadies after hitting fresh 20-year high on yen

Dollar Index is trading up 0.08% at 100.789 The dollar rose on Tuesday to a fresh 20-year high against the Japanese yen and tested a two-year peak against the euro, supported by high U.S. Treasury yields. The dollar index, which measures the greenback against six other currencies, climbed past...

Read More