Archive for Category: Market Outlook Forex

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...

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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....

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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...

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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,...

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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...

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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...

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U.S. Dollar Index

Dollar Up, Above 100-Mark Ahead of U.S. Inflation Data

DOLLAR INDEX is trading up 0.17% at 100.143 The dollar was up on Tuesday morning in Asia, climbing back above the 100 mark. The U.S. currency was supported by high yields ahead of inflation data due later in the day, which also heightened expectations of tighter monetary policy. The...

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forex analyis

Dollar Edges Higher; Climbs to a New Two-Year High

EUR/USD is trading flat at 1.0877 The U.S. dollar edged higher in early European trade Friday, trading at a two-year high and underpinned by the likelihood of sharp rises in interest rates by the Federal Reserve. At 4:05 AM ET (0805 GMT), the Dollar Index, which tracks the greenback...

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Dollar Index

Dollar Surges on Aggressive Fed Expectations; Euro Slips

Dollar Index is trading up 0.06% at 99.538 The U.S. dollar strengthened Wednesday on raised expectations of aggressive monetary policy tightening by the Federal Reserve, while the euro was weighed by the prospect of additional sanctions on Russia. At 3 AM ET (0700 GMT), the Dollar Index, which tracks...

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EUR/USD

Dollar Stabilizes; Euro Falls as Russia Sanctions Talk Ramps Up

EUR/USD is trading down 0.38% at 1.1005 The U.S. dollar stabilized Monday after last week’s strong jobs report, while the euro weakened as talk of additional sanctions on Russia for its invasion of Ukraine ramped up. Friday’s much anticipated U.S. jobs report for March confirmed a strong economy and...

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