The U.S. dollar extended its losses on Wednesday following a sharp drop in the previous session, as cooler-than-expected inflation data reinforced expectations for rate cuts from the Federal Reserve. At 04:00 ET (08:00 GMT), the U.S. Dollar Index—which tracks the greenback against six major currencies—fell 0.3% to 100.560, adding to Tuesday’s 0.8% decline. Dollar Retreats […]
Daily Technical Analysis EUR/USD: Rallies on Wednesday as the U.S. Dollar Continues to Weaken
EUR/USD climbed on Wednesday, recovering most of its early-week losses as the pair moved closer to the 1.1200 mark. The rebound was driven more by broad-based U.S. dollar softness than by any strong bullish sentiment specific to the euro. Muted Market Reaction to U.S. CPI Data Tuesday’s release of U.S. Consumer Price Index (CPI) inflation data prompted a relatively muted reaction […]
Dollar Falls Slightly from Highs as Markets Eye U.S. CPI Report
The U.S. dollar edged lower on Tuesday but remained close to recent highs, buoyed by ongoing optimism following a trade agreement between the U.S. and China. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index — which measures the greenback against a basket of six major currencies — dipped 0.2% to 101.410, after surging […]
Dollar Soars After U.S.-China Trade Agreement
The U.S. dollar surged on Monday after the White House announced a breakthrough trade agreement with China over the weekend, reviving optimism that the world’s largest economy could sidestep a prolonged and damaging trade war. As of 03:30 ET (08:30 GMT), the U.S. Dollar Index—measuring the greenback against six major currencies—jumped 1.3% to 101.455, its […]
Daily technical analysis EUR/USD: Pair Trades Below 1.1250 as Conciliatory Signals from the ECB Weigh on the Euro
EUR/USD is edging lower in Monday’s Asian session, slipping to around 1.1240 after gains in the previous trading day. The Euro (EUR) is under pressure following comments from European Central Bank (ECB) policymaker Olli Rehn, who suggested the ECB may consider cutting interest rates at its next meeting—provided upcoming projections confirm a sustained disinflationary trend […]
Dollar Rises Slightly Before the Fed’s Decision, The Euro Remains Resistant
The U.S. dollar edged higher on Wednesday, trading within narrow ranges as markets awaited the outcome of the Federal Reserve’s latest policy meeting and digested news of renewed trade negotiations between the U.S. and China. At 04:45 ET (08:45 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six major currencies, […]
Daily Technical Analysis: EUR/USD Continues to Drift in Anticipation of Key Fed Meeting
The EUR/USD pair traded sideways on Tuesday, establishing a near-term consolidation range around the key 1.1300 level as market participants await a fresh catalyst. Investor focus remains firmly fixed on the Federal Reserve’s upcoming interest rate decision, which is widely expected to shape market direction for the remainder of the week. The Fed’s policy announcement […]
Dollar Pulls Back Ahead of Fed Meeting, Traders Cautiously Watch for Clues
The U.S. dollar edged lower on Tuesday, with investors growing increasingly cautious about holding U.S. assets amid ongoing concerns over economic growth and the volatility surrounding President Donald Trump’s trade policies. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index (DXY)—which measures the greenback against a basket of six major currencies—was down 0.2% at […]
Daily Technical Analysis EUR/USD : Drops Close to 1.1300 as Traders Watch U.S. ISM Services PMI
The EUR/USD pair opened the week under pressure, trading near 1.1320 during Monday’s European session. The U.S. dollar drew some support after former President Donald Trump confirmed he would not attempt to remove Federal Reserve Chair Jerome Powell before his term ends in May 2026. Despite branding Powell as “a total stiff,” Trump reiterated his […]
Dollar Rises Slightly but Is Heading for a Sharp Monthly Loss
The U.S. dollar edged higher on Wednesday but remained on track for its steepest monthly decline since November 2022, weighed down by growing uncertainty over the Trump administration’s shifting trade policies. As of 04:10 ET (08:10 GMT), the U.S. Dollar Index—which measures the greenback against a basket of six major currencies—rose 0.1% to 99.080. Despite […]