The euro’s upward momentum dissipated on Tuesday, pushing the EUR/USD pair below the 1.0500 level as traders prepared for the final Federal Reserve meeting of 2024. European data releases remain sparse this week, leaving Fiber traders navigating key U.S. economic data as their primary focus. Euro markets largely overlooked the multiple appearances by European Central […]
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 […]
Daily Technical Analysis EUR/USD: The Pair Holds at 1.0500 Level Ahead of Fed Decision
The EUR/USD started the week with further gains, trading near 1.0520. This rise could suggest a weakening U.S. dollar, driven by soft U.S. Treasury yields ahead of the Federal Reserve’s interest rate decision scheduled for Wednesday. The Fed is widely expected to announce a 25 basis point rate cut at its final monetary policy meeting […]
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, […]
Daily Technical Analysis: EUR/USD Returns to 1.05 Level Amid U.S. CPI Inflation and ECB Interest Rate Meeting
The EUR/USD pair lost nearly 0.2% on Tuesday, marking its third consecutive day of declines and testing the critical 1.0500 level as the euro’s short-term bullish recovery wanes. The pair has shifted to a more cautious stance ahead of Wednesday’s release of the Consumer Price Index (CPI) and the European Central Bank’s (ECB) upcoming interest […]
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 […]
Dollar Dips Before CPI, Euro Pending ECB Meeting
The U.S. dollar eased slightly on Monday following last week’s jobs report, which signaled another Federal Reserve rate cut at the end of this month. However, losses were minimal amid renewed uncertainty in the Middle East. In early trade, the dollar index, which tracks the greenback against a basket of six other currencies, was trading […]
Daily Technical Analysis EUR/USD : Expectations Focus on the European Central Bank’s Resolution and the US CPI
The EUR/USD starts the week with attention on the European Central Bank’s (ECB) latest policy decision scheduled for December 12, where markets anticipate a 25 basis point rate cut. Political Turmoil in France Weighs on the Euro The euro has also been affected by political turmoil in France. The minority government virtually collapsed after a […]
Dollar Rallies, Euro Falls Ahead of France’s No-Confidence Vote
The U.S. dollar rose on Wednesday, while the euro retreated ahead of a no-confidence vote in France later in the day, which could topple the fragile coalition government. The Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 106.465. Dollar Continues to Attract Attention The dollar remained […]