The EUR/USD pair edged higher on Friday, trading near 1.1735 at the time of writing after recovering from Thursday’s low of 1.1685. A slight improvement in global risk sentiment weighed on the safe-haven US Dollar and supported the Euro, even as revised Eurozone services activity data came in softer than first estimated. The final HCOB […]
The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, traded higher around 97.80 during Monday’s Asian session. The dollar’s strength extended as traders positioned ahead of a series of speeches from Federal Reserve officials that could provide fresh signals on the US interest rate outlook. Fed Delivers First […]
The US Dollar Index (DXY), which measures the greenback against a basket of six major currencies, traded higher around 97.40 during Friday’s early European session. The dollar gained traction after the Federal Reserve cut interest rates as expected but adopted a less dovish tone than markets anticipated. Fed Delivers 25 bps Cut but Maintains Caution […]
Asian currencies traded mostly flat on Thursday, with the Japanese yen drawing attention ahead of a key policy meeting by the Bank of Japan (BOJ). The USD/JPY pair hovered around 146.98, steady after recent gains. The BOJ is widely expected to keep interest rates unchanged when its two-day meeting concludes on Friday. Still, sticky inflation […]
The EUR/USD pair started the week in a tight range, trading between 1.1720 and 1.1725 during the Asian session on Monday. While momentum is muted, downside pressure on the euro appears limited thanks to contrasting monetary policy outlooks between the European Central Bank (ECB) and the U.S. Federal Reserve. The ECB, as expected, left interest […]
The U.S. dollar ticked higher on Wednesday, regaining stability after sharp losses last week as traders turned their focus to critical inflation figures that could set the tone for the Federal Reserve’s next policy move. At 04:45 ET (08:45 GMT), the Dollar Index, which measures the greenback against six major peers, rose 0.1% to 97.820 […]
The U.S. dollar strengthened on Wednesday, though gains were capped by renewed worries over Federal Reserve independence following President Donald Trump’s bid to oust Governor Lisa Cook. At 05:25 ET (09:25 GMT), the Dollar Index, which tracks the greenback against six major currencies, traded 0.4% higher at 98.487, rebounding from early-week losses. Fed independence questioned […]
The U.S. dollar traded mostly steady on Tuesday in a volatile session, after U.S. President Donald Trump announced the dismissal of Fed Governor Lisa Cook, marking his latest challenge to the Federal Reserve’s independence. At 04:35 ET (08:35 GMT), the Dollar Index, which measures the greenback against six major peers, stood flat at 98.320, recovering […]
The U.S. dollar edged higher on Wednesday as traders looked ahead to the release of the Federal Reserve’s July meeting minutes, followed by the annual Jackson Hole symposium, both expected to provide fresh signals on the central bank’s monetary policy outlook. At 04:55 ET (08:55 GMT), the Dollar Index, which tracks the greenback against six […]
The U.S. dollar edged lower Tuesday, giving back early gains as caution prevailed following the White House summit on Ukraine. At 04:40 ET (08:40 GMT), the Dollar Index, which measures the greenback against six major peers, slipped 0.1% to 97.920 after modest overnight gains. Dollar Trades in Narrow Range U.S. President Donald Trump assured President […]
