The U.S. dollar declined on Tuesday, weighed by uncertainty over President-elect Donald Trump’s monetary policy stance. However, it remained near two-year highs ahead of the release of key inflation data for the week. In early trading, the dollar index, which tracks the greenback against a basket of six other currencies, was trading about 0.4% lower […]
Dollar Firms Ahead of CPI Release, Pound Struggles to Regain Ground
The U.S. dollar strengthened on Monday, remaining at elevated levels following robust U.S. payroll data, while the British pound faced continued pressure, extending recent losses. In early trading, the dollar index, which tracks the U.S. currency against a basket of six other currencies, was trading 0.4% higher at 109.930, after reaching its highest level on […]
Dollar Higher on Rising Treasury Yields, Euro Lower on Weak Data
The U.S. dollar strengthened on Wednesday, supported by rising Treasury yields after positive U.S. economic data, while weak industrial orders in Germany weighed on the euro. Today, the Dollar Index, which compares the performance of the U.S. dollar against a basket of six other currencies, was trading 0.3% higher at 108.690. Dollar Rallies as Treasury […]
Dollar in Decline, Euro Eyes Inflation Data
The U.S. dollar declined on Tuesday, hitting a one-week low after reports suggested President-elect Donald Trump’s tariff policies could be more lenient than initially expected. Meanwhile, the euro gained ground ahead of crucial inflation data. The dollar index, which tracks the U.S. currency against a basket of six other currencies, was trading 0.3% lower at […]
Dollar Declines on Jobs Data; Euro Gains on Services PMI
The U.S. dollar retreated on Monday, shedding some of its recent gains but remaining near its highest level in two years as traders awaited the release of key employment data later this week. The dollar index, which tracks the U.S. dollar against a basket of six other currencies, was trading 0.4% lower at 108.380, losing […]
Dollar Rebounds After Heavy Loss, Euro Retreats on Lagarde’s Comments
The U.S. dollar rose on Monday, recovering from significant losses at the end of last week due to signs of cooling inflationary pressures. Meanwhile, the euro declined following cautious comments by ECB President Christine Lagarde. The dollar index, which tracks the U.S. currency against a basket of six other currencies, traded 0.4% higher at 107.750, […]
Dollar Holds Strength Before Fed Meeting, Pound Gains on Wage Data
The U.S. dollar rose on Tuesday ahead of the Federal Reserve’s final policy meeting of 2024, while sterling remained firm, buoyed by better-than-expected earnings data. The Dollar Index, which tracks the U.S. currency against a basket of six other currencies, was trading 0.2% higher at 106.740, near a three-week high. Dollar Sustains Strength Ahead of […]
Dollar Falls Before Fed Meeting, Euro Loses Ground as Well
The U.S. dollar declined on Monday, although it stayed near a three-week high ahead of the Federal Reserve’s final policy meeting of the year. Meanwhile, the euro lost ground following data showing mixed regional economic activity. The Dollar Index, which tracks the U.S. currency against a basket of six other currencies, traded 0.1% lower at […]
Dollar Rises in View of CPI, Euro and Yuan Depreciate
The U.S. dollar strengthened on Wednesday, driven by anticipation of the November consumer inflation report. This pressure weighed on the euro and British pound, while the Chinese yuan retreated following reports that Beijing is considering measures to weaken its currency. The dollar index, which measures the greenback against a basket of six other major currencies, […]
Dollar Rises on CPI Expectations, Euro Awaits ECB Meeting
he U.S. dollar edged higher on Tuesday, trading within tight ranges ahead of the highly anticipated November consumer inflation report, while the euro weakened slightly in anticipation of the European Central Bank’s upcoming meeting. The dollar index, which measures the greenback against a basket of six other currencies, was up 0.2%, trading at 105.995. CPI […]