Archive for Category: Market Outlook Forex

U.S. Dollar Index

Dollar Up, Euro Near One-Month High Over Ukraine War Optimism

USD/JPY is trading down 0.02% at 121.756 The dollar was up on Thursday morning in Asia. The euro held at a one-month high against the dollar, after rallying on hopes that the war in Ukraine could be entering a new de-escalating phase. The Japanese yen was set for its...

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DOLLAR INDEX

Euro rises as talks over Ukraine begin, modest yen rebound

DOLLAR INDEX is trading down 0.35% at 98.71 The euro rose on Tuesday in cautious trading as Ukrainian and Russian negotiators met in Turkey for the first direct talks in more than two weeks. The U.S. dollar was slightly lower, just off its highest since May 2020, while the...

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U.S. Dollar Index

Dollar Up, Yen Finds Little Support Even in Calmer Bond Market

AUD/USD is trading down 0.12% at 0.7489 The dollar was up on Thursday morning in Asia, finding some support as commodity currencies took a breather from their recent steep rally. However, a struggling Japanese yen from a recovery in the U.S. bond market. The U.S. Dollar Index that tracks...

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Forex Trade Ideas

Dollar gains ground after Powell comments

DOLLAR INDEX is trading up 0.21% at 98.6836 The dollar strengthened against a basket of major currencies on Monday, in the wake of comments from U.S. Federal Reserve Chair Jerome Powell that opened the door for the central bank to take a more aggressive monetary policy path. The greenback...

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USDCAD Trading

Dollar falls as hawkish Fed delivers without an extra kick

USDCAD is trading down 0.13% at 1.2660 The dollar fell on Wednesday after the U.S. Federal Reserve moved to a hawkish monetary policy but without delivering a tougher surprise that might have added to its weeks-long momentum. The dollar index, which had gained 3% since the start of the...

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U.S. Dollar Index

Euro rises on hopes of progress in Ukraine peace talks

U.S. Dollar Index is trading down 0.28% at 98.81 The euro rose on Tuesday on hopes of progress in peace talks between Ukraine and Russia despite soaring COVID-19 cases in China dampening risk appetite. Further talks between Ukrainian and Russian negotiators to ease the crisis were expected on Tuesday...

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EURUSD

Euro rises 0.5% against the dollar ahead of ECB

EURUSD is trading up 0.70% at 1.0971 The euro and other European currencies edged up on Wednesday ahead of this week’s central bank meeting and supported by reports that the European Union was discussing joint bond issuance to finance energy and defence spending. After touching a 22-month low on...

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Dollar Index

Dollar Gains, Euro Slumps On the Back of Rising Crude Prices

Dollar Index is trading up 0.76% at 99.254 The U.S. dollar tracked higher while the euro slumped to a fresh low as soaring crude prices raised fears that the war in Ukraine will result in a stagflation shock, particularly to countries in Europe. At 3:20 AM ET (0820 GMT),...

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Forex Market Outlook

Forex Market Outlook – Aussie rises on strong GDP

AUD/USD is trading up 0.04% at 0.7276 Australia’s economy rebounded in the fourth quarter, with a gain of 3.4% QoQ, just shy of the consensus of 3.5%. This is an impressive turnaround from Q3, which came in at -1.9%. The primary driver of the robust reading was consumer spending,...

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EUR/USD

Euro weakens, rouble slumps as sanctions piled on Russia

EUR/USD is trading down 0.31% at 1.1183 The Russian rouble plunged and the euro nursed losses against the U.S. dollar on Monday as the West ramped up sanctions against Russia over its Ukraine invasion, prompting investors to shun riskier currencies. Western allies have ramped up efforts to punish Russia...

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