The U.S. dollar edged lower on Monday as investors monitored developments in the Israel-Iran conflict and looked ahead to a packed week of central bank meetings, including the Federal Reserve’s highly anticipated decision. As of 04:15 ET (08:15 GMT), the U.S. Dollar Index—measuring the greenback against a basket of six major currencies—was down 0.2% at […]
Daily Technical Analysis EUR/USD: Moderates Near 1.1550 Amid Escalating Israel-Iran Tensions
EUR/USD extends its decline for a second straight session, trading around 1.1540 during Monday’s trading hours. The pair remains under pressure as the US Dollar strengthens on the back of safe-haven demand, fueled by escalating geopolitical tensions in the Middle East. On Friday, Israel launched attacks on Iranian nuclear facilities and missile sites. In response, […]
Dollar declines ahead of CPI release; pound sterling looks to public spending review
The U.S. dollar edged lower on Wednesday, as traders awaited more clarity from ongoing trade negotiations between the U.S. and China and looked ahead to the release of crucial inflation figures. As of 04:35 ET (08:35 GMT), the Dollar Index — which measures the greenback against six major currencies — slipped 0.1% to 99.032. Trade […]
Daily Technical Analysis EUR/USD: Flat as Traders Await U.S. CPI and U.S.–China Trade Developments
The EUR/USD pair remains stable during Tuesday’s session, trading around 1.1423, as markets await updates from U.S.–China trade discussions in London and the upcoming release of U.S. inflation data. Markets Monitor U.S.–China Talks and Economic Data Talks between Washington and Beijing entered their second day, with U.S. President Joe Biden calling them “productive.” However, investor […]
Dollar Appreciates on Optimism in Trade Negotiations, Pound Sterling Hit by Weak Employment Data
The U.S. dollar gained ground on Tuesday, driven by optimism that trade tensions between the United States and China—the world’s two largest economies—might be easing. Trade talks, which began in London, entered their second day as both delegations aimed to resolve a dispute that has expanded beyond tariffs to include restrictions on rare earth minerals. […]
Dollar Declines Ahead of U.S.–China Negotiations, Euro Advances
The U.S. dollar fell on Monday, giving up some of Friday’s gains as optimism grew around upcoming trade discussions between the United States and China in London. As of 04:05 ET (08:05 GMT), the U.S. Dollar Index—which measures the greenback against a basket of six major currencies—was down 0.3% at 98.890. The dollar had previously […]
Daily Technical Analysis EUR/USD: Holds Near 1.1400 as Markets Focus on U.S.–China Trade Talks
EUR/USD is trading flat around the 1.1400 level during Monday’s Asian session, stabilizing after posting losses in the previous trading day. The pair remains under pressure as the U.S. dollar found support following robust U.S. jobs data released on Friday, which dampened expectations for near-term interest rate cuts by the Federal Reserve. Strong U.S. Labor […]
Dollar Falls Modestly Ahead of Employment Data and Prospective Trade Negotiations
The U.S. dollar edged lower on Wednesday amid fading optimism over trade negotiations and caution ahead of key employment data that could influence the Federal Reserve’s policy outlook. As of 04:55 ET (08:55 GMT), the U.S. Dollar Index — which measures the greenback against six major currencies — fell 0.2% to 99.002, hovering near its […]
Daily Technical Analysis EUR/USD: Pulls Back Amid Dollar Strength, Inflation Miss, and Trade Tensions
The EUR/USD pair retreated on Tuesday after reaching a six-week high of 1.1454, pressured by renewed concerns over the U.S.–China trade dispute and a strengthening U.S. dollar. The pair trades at 1.1379, down 0.52%, as the greenback regains ground. Trade Tensions and Economic Data Support the Dollar U.S. President Donald Trump is reportedly planning to […]
Dollar Recovers Modestly After Hitting Six-Week Low, Euro Drops Prior to ECB Meeting
The U.S. dollar edged higher on Tuesday but remained close to its six-week low as growing uncertainty over trade policies clouded the outlook for the U.S. economy. Meanwhile, the euro weakened slightly ahead of key inflation data from the eurozone. As of 04:10 ET (08:10 GMT), the U.S. Dollar Index—which measures the greenback against a […]