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 […]
Daily Technical Analysis EUR/USD: Falls Below 1.0250 Amid Fed’s Potential Pause in Rate Adjustments
The EUR/USD continues its downtrend for the fifth consecutive session, trading around 1.0240. The pair appears to face persistent pressure as the U.S. dollar strengthens, buoyed by better-than-expected employment growth in the U.S. for December. U.S. Labor Market Data Bolsters the Dollar Data released on Friday by the U.S. Bureau of Labor Statistics revealed that […]
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 […]
Daily Technical Analysis EUR/USD: Pair Declines Again, Remains Distant From Key Technical Levels
The EUR/USD pair dropped on Tuesday, losing nearly four-tenths of a percentage point after a failed recovery attempt to breach the 1.0400 level. The pair continues to trade just above the 26-month lows reached last week, though the rebound remains modest. Euro bulls face increasing urgency for a reversal as the Fib retracement levels indicate […]
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 […]
Daily Technical Analysis EUR/USD: Hovering Around 1.0300 Ahead of Preliminary German Inflation Data
The EUR/USD pair is retreating from last session’s gains and trading around the 1.0300 mark in Monday’s session. Traders are closely monitoring the Eurozone Composite Purchasing Managers’ Index (PMI) and the preliminary German Consumer Price Index (CPI) data, both scheduled for release today. The pair is experiencing downward pressure as market analysts predict further declines, […]
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, […]
Daily Technical Analysis EUR/USD: Rises to Near 1.0450 on Increased Prospects That the Fed Will Leave Rates Steady in January
The EUR/USD pair is trading near 1.0430 on Monday, holding flat after Friday’s gains. The pair’s rise is attributed to a weakening U.S. dollar following the release of the U.S. Personal Consumption Expenditure (PCE) Price Index data. The November inflation report revealed that year-on-year core PCE inflation, the Federal Reserve’s preferred measure of inflation, rose […]