The U.S. dollar fell slightly on Tuesday, giving up some of its recent gains after the Trump administration postponed some of the planned tariffs, even as a trade war with China was confirmed. The dollar index, which analyzes the movement of the greenback against a basket of six other currencies, was trading down about 0.5% […]
Dollar Catapults After the Announcement of Tariffs, The Euro Is Severely Punished
The US dollar surged on Monday, reaching a three-week high after US President Donald Trump followed through on his threat of additional trade tariffs, increasing demand for the safe-haven currency. The dollar index, which tracks the behavior of the US dollar against a basket of six other currencies, was trading nearly 1% higher at 109.305 […]
Daily Technical Analysis EUR/USD: Falls to 1.0200, Multi-Week Low Due to Tariffs
During the early hours of Monday, the EUR/USD currency pair witnessed a significant decline, falling to the 1.0200 area, marking a three-week low. This movement brings spot prices dangerously close to the two-year low established in January, leading some investors to question whether the pair is entering a prolonged downtrend that has persisted for several […]
Dollar Rises Awaiting the Federal Reserve Meeting, Euro Loses Ground
The US dollar rose slightly on Wednesday in a cautious trading environment ahead of the Federal Reserve’s policy decision, while the euro weakened with the European Central Bank (ECB) meeting scheduled for Thursday. The dollar index, which tracks the US dollar against a basket of six other currencies, was trading around 0.2% higher at 107.850, […]
Daily Technical Analysis EUR/USD: Setbacks on the Eve of the Federal Reserve Interest Rate Meeting
The EUR/USD pair trimmed its gains of recent weeks on Tuesday, losing six-tenths of a percent and retreating slightly toward the 1.0400 level, as markets brace for another Federal Reserve meeting on Wednesday. Markets overwhelmingly expect the Fed to keep interest rates steady in January, although investors will be watching not only Fed Chairman Jerome […]
Dollar Gains on Renewed Tariff Talks, Euro Eyes ECB Meeting
The US dollar rose on Tuesday, rebounding after last session’s losses as a result of a sell-off in technology stocks, driven by growing concerns about trade wars and their impact on global growth. The dollar index, which tracks the greenback’s performance against a basket of six major currencies, increased 0.5% to 107.725, although it remained […]
Dollar Gains Ground Amid Tariff Concerns, Euro Looks Toward ECB Meeting
The US dollar gained on Monday, recovering from recent losses as attention turned back to the potential for trade tariffs under the Trump administration at the start of a week in which the Federal Reserve is set to hold its monetary policy meeting. The dollar index, which analyzes the behavior of the greenback in comparison […]
Dollar Falls on Tariff Uncertainty, Pound Remains Weak
The U.S. dollar declined on Wednesday amid uncertainty over President Trump’s tariff plans, while sterling fell on disappointing government borrowing data. The dollar index, which measures the greenback against a basket of six other currencies, was trading 0.1% lower at 107.755 after a drop of more than 1% at the start of the week. Dollar […]
Daily Technical Analysis EUR/USD: Rises at a Slow Pace as Trade News Takes Center Stage
The EUR/USD pair moved within a narrow range on Tuesday, oscillating near the 1.0400 level as the Fiber struggled to establish a clear direction. Both European and U.S. economic data remain sparse this week, with investor sentiment heavily influenced by the unpredictable rhetoric surrounding trade policy from newly inaugurated U.S. President Donald Trump. Throughout the […]
Dollar Slumps After WSJ Report, Trump Tariffs May Be Delayed
The U.S. dollar declined on Tuesday following a report from The Wall Street Journal suggesting that President-elect Donald Trump would delay imposing trade tariffs immediately after his inauguration. This expectation had previously bolstered the U.S. currency following Trump’s victory in the November election. In Tuesday’s trading, the dollar index, which measures the U.S. currency against […]