Archive for Category: Market Outlook Forex

Dollar Index

Dollar Edges Higher; Sterling Weak After GDP Fall

GBP/USD is trading down 0.53% at 1.2133 The U.S. dollar edged higher in early European trade Friday, rebounding to a degree after a two-day selloff as weaker than expected inflation data prompted a rethink of the Federal Reserve’s likely tightening path. At 02:50 ET (06:50 GMT), the Dollar Index,...

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U.S. Dollar Index

Dollar edges lower as currency markets pull back on Friday’s moves

U.S. Dollar Indexis trading down 0.14% at 106.24 The dollar fell on Monday, losing some of the gains it had made from Friday’s U.S. jobs data, as currency markets pulled back on their initial reaction and waited for Wednesday’s inflation data to give more clues about the Federal Reserve’s...

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U.S. Dollar Index

Dollar hits lowest since mid-June vs yen as investors reassess U.S. rate hike outlook

U.S. Dollar Indexis trading up 0.19% at 105.41 The U.S. dollar hit its lowest level since mid-June against the Japanese yen on Monday as investors weighed the likelihood that the Federal Reserve will not raise interest rates as aggressively as some had expected. The U.S. dollar index was volatile...

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DOLLAR INDEX

Dollar creeps lower as large Fed rate hike looms

DOLLAR INDEX is trading down 0.28% at 106.70 The dollar edged further away from recent 20-year highs on Wednesday ahead of the U.S. Federal Reserve policy meeting, at which the central bank is expected to raise rates by another 75 basis points to tame soaring inflation. But moves in...

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Dollar Index

Dollar Edges Lower; Euro Gains Ahead of ECB Meeting

EUR/USD is trading up 0.13% at 1.0190 The U.S. dollar edged lower while the euro bounced in early European trade Thursday, with risk sentiment boosted by the resumption of Russian gas flows to Western Europe although the upcoming European Central Bank meeting prompted some caution. At 3:20 AM ET...

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EURUSD

Euro is at parity; its fate is now with energy markets

EURUSD is trading down 0.44% at 1.0009 The euro’s tumble below $1 for the first time in two decades puts it on course for one of the worst years in its history, especially if the energy price shock triggered by the Ukraine conflict tips the bloc into a prolonged...

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Dollar Index

Dollar Soars to Two-Decade High; Yen Hit Particularly Hard

DOLLAR INDEX is trading up 0.62% at 107.30 The U.S. dollar surged to a new 20-year high in early European trade Monday, gaining strongly against the Japanese yen in particular, on fears about the global growth outlook ahead of the release later in the week of key U.S. inflation...

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Canadian dollar

Canadian dollar outlook turns less cheerful as recession fears mount

USD/CADis trading down 0.41% at 1.2980 The Canadian dollar will gain less ground than previously thought over the coming year as the growing risk of a global economic slowdown bolsters demand for safe-haven currencies such as the U.S. dollar, a Reuters poll showed. The median forecast in the poll...

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Dollar Index

Dollar Edges Lower; RBA Hikes Interest Rate

AUD/USDis trading down 1.12% at 0.6782 The U.S. dollar edged lower in early European trade Tuesday, while the Australian dollar dipped despite the country’s Reserve Bank announcing a half-point rate hike. At 3 AM ET (0700 GMT), the Dollar Index, which tracks the greenback against a basket of six...

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