For those following currency market trends, the U.S. dollar lost ground on Monday ahead of the Federal Reserve’s latest meeting, while the yen soared on speculation that Japanese authorities have intervened to support the currency. PCE data points to an untimely rate cut Despite gaining about 1% this month, the dollar lost ground in early […]
Yen hits new 34-year low
The yen (JPY) has lost nearly 10% of its value against the dollar this year, becoming the worst-performing G10 currency. It hit a new 34-year low and breached the 157 level against the dollar (USD) after the Bank of Japan signaled that monetary policy would remain loose, fueling speculation that Japanese authorities might soon intervene […]
Dollar falls, Euro reverses a portion of its gains
The dollar regained ground in the European trading session on Wednesday after the previous day’s decline, as market participants closely watched for further signals about the Federal Reserve’s future monetary policy intentions. Slowing economic growth weighs on the dollar The easing of tensions in the Middle East, after Iran signaled that it does not want to […]
Dollar flat, Euro gains on PMI data
The U.S. dollar remained flat during Tuesday’s European session, while a rebound in Europe’s service sector activity for April boosted the euro. Dollar Declines Amid Weakening Safe-Haven Sentiment The easing of tensions in the Middle East in recent days, as Iranian Foreign Minister Hossein Amirabdollahian has signaled that the Islamic Republic has no intention of […]
Dollar unchanged ahead of inflation report
Amid global currency evaluations, the U.S. dollar remained stable today. This quiet trading day comes as geopolitical tensions in the Middle East appear to be easing and as markets anticipate the release of the Federal Reserve’s preferred inflation indicator next Friday. The dollar remains unchanged in anticipation of the inflation report The dollar reached new […]
Dollar Falls, Pound Rises, Yen Remains Weak
The U.S. dollar loses value today and retreats after reaching highs, while the British pound gains ground after UK CPI came in lower than expected in March. Dollar falls but maintains its strength The dollar, considered a safe haven, hit new highs on Tuesday, just after Federal Reserve (Fed) Chairman Jerome Powell signaled that interest […]
Dollar rises to five-month high, sterling falls
When it comes to understanding how the currency market operates, knowing what is going on around the world is vital. The U.S. dollar continues to enjoy strong demand at the start of the European trading day, reaching five-month highs, while sterling falls despite positive wage data. Retail sales push the dollar higher The safe-haven U.S. dollar […]
Dollar stumbles after economic data
In an unexpected move in the financial markets, the dollar (USD) experienced a drop this Thursday after the release of U.S. producer price data for March, which was lower than expected. This has partially alleviated market concerns about the resilience of inflation, opening the door to possible rate cuts by the Federal Reserve (Fed). Key […]
Dollar loses value in trading
In Wednesday’s currency market, the dollar is trading lower in Europe, though it remains close to its highest levels in over four months, as traders await updates on U.S. interest rates and future economic forecasts This week’s market focus will culminate in the final days with the release of US employment data.. Despite weakening, the dollar may […]
The dollar rallied to a five-month high
The dollar (USD) reached its highest level in five months on Tuesday, as stronger-than-expected economic data caused investors to halt their bets on a rate cut in June, boosting the currency’s value. However, fears of intervention by Japanese authorities halted the dollar’s gains against the yen, even as long-term yields on U.S. Treasuries, which the […]