Archive for Tag: forex news

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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US Dollar Index

Euro trims declines against U.S. dollar after Spanish inflation surge

EURUSD is trading down 0.10% at 1.0511 The euro steadied on Wednesday after falling to a six-day low, reacting to the release of conflicting inflation data in Germany and Spain that created a difficult backdrop for European Central Bank policymaking. The European common single currency decline in early London...

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U.S. dollar index

Dollar Index Edges Lower as Investors Gauge Fed Rate Path

U.S. Dollar Indexis trading down 0.20% at 103.68 The dollar eased back slightly from a 20-year high reached earlier this month on Monday, following disappointing U.S. economic data that may dampen expectations for aggressive Federal Reserve rate hikes. As of 02:38 AM EST (0638 GMT), the U.S. dollar index...

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Dollar Index

Dollar Edges Lower; Powell Testifies on Capitol Hill This Week

Dollar Index is trading down 0.16% at 104.031 The U.S. dollar edged lower in early European trade Tuesday, in line with the wider increase in risk sentiment, but remained elevated with the U.S. Federal Reserve seen retaining an aggressive tightening stance. At 3:15 a.m. ET (0715 GMT), the Dollar...

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Canadian dollar

Canadian dollar to strengthen as BoC moves ‘aggressively’ on rate hikes

USDCAD is trading up 0.03% at 1.2572 The Canadian dollar will gain ground over the coming year as high commodity prices bolster Canada’s economic outlook and the Bank of Canada likely continues to raise interest rates aggressively, a Reuters poll showed. The loonie is the only G10 currency to...

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Dollar Index

Dollar edges back towards one-month low

Dollar Index is trading down 0.22% at 101.75 The U.S. dollar edged back towards a one-month low on Thursday, as minutes from the Federal Reserve’s May meeting contained few surprises, with most participants favouring additional 50 basis point rate hikes at the June and July meetings. The dollar index,...

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EURCHF Technical Analysis

Currency Pair EURCHF Technical Analysis, Price Chart and News

EURCHF Technical Analysis: Weekly Chart In the weekly charts, EURCHF is trading in a downward channel. It is trading above MA (20) but below MA (50) and MA (100). RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness. The immediate support...

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EURCHF Technical Analysis

Currency Pair EURCHF Technical Analysis, Price Chart and News

EURCHF Technical Analysis: Weekly Chart In the weekly charts, EURCHF is trading in a downward channel. It is trading below all SMAs: MA (20), MA (50), and MA (100). RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. The immediate support is...

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