The U.S. dollar held steady on Monday, positioned for a strong monthly gain, while the euro remained mostly flat at the outset of a busy week for economic data. In recent weeks, the dollar has gained momentum amid rising expectations of fewer rate cuts by the Federal Reserve, thanks to reasonably positive U.S. economic data. […]
Daily Technical Analysis EUR/USD: Below 1.0800 as Fed Tightening Looms
The EUR/USD remains steady at 1.0790 after posting losses in the previous session. However, the pair could be impacted by a stronger dollar, as recent positive U.S. economic data has bolstered expectations for a less dovish Fed approach in November. On Friday, the Michigan Consumer Sentiment Index rose to 70.5 in October, up from 68.9 […]
Dollar Hits Record Highs, Political Concerns Drive Safe-Haven Demand
The dollar reached new highs on Wednesday as uncertainty over U.S. interest rates and the upcoming presidential election continued to support safe-haven demand. Risks Point to Dollar Bullishness The dollar has reached its highest level since early August as positive economic data has reduced expectations of aggressive interest rate cuts by the Federal Reserve. According […]
Daily Technical Analysis EUR/USD: Pair Nears 16-Week Low, Stays Negative
EUR/USD extended its downward movement on Tuesday, retreating about 0.16% and testing a key technical barrier that could lead to fresh 16-week lows if the price breaks below this support level. European Central Bank President Christine Lagarde made several appearances on Tuesday, but her remarks, which were fairly generic, did little to support the euro. […]
Dollar Falls, Euro Rises on ECB Speakers’ Expectations
The U.S. dollar declined on Tuesday, although it remained near its recent highs in an environment marked by uncertainty related to the pace of interest rate cuts as the date for the U.S. presidential election approaches. Dollar Benefited from Rising Yields The dollar retreated slightly on Tuesday, despite benefiting from a rise in the yield […]
Dollar Gains on Cut in Rate Expectations, Pound Falls on Inflation
The U.S. dollar rose Monday, maintaining its recent strength as the election for U.S. president approaches and polls point to a growing likelihood that former President Donald Trump will be the winner. Dollar Boosted by Confidence in Trump The dollar remained near its highest levels in over two months, bolstered by growing confidence that U.S. […]
Dollar Gains on Cut in Rate Expectations, Pound Falls on Inflation
The U.S. dollar rose on Wednesday, trading near two-month highs on expectations that the Federal Reserve will slightly cut interest rates this year, while the pound slipped after positive inflation data. Dollar Benefits from Expectations of a Rate Cut Recent data indicating a resilient economy, combined with slightly higher-than-expected inflation in September, has led market […]
Daily Technical Analysis EUR/USD: The Pair Extends Decline Ahead of ECB Rate Decision
The EUR/USD pair continued its bearish trend on Tuesday, dropping about one-fifth of a percent and sliding below the 200-day Exponential Moving Average (EMA). The price closed below the 1.0900 level for the first time since early August. The pair is now down nearly 3% from its late September highs, which were just above the […]
Dollar Falls from Highs, Euro Under Pressure on Weak Inflation Data
The U.S. dollar fell from recent highs on Tuesday as weak regional inflation data weighed on the euro ahead of the European Central Bank (ECB) meeting. Dollar Falls from Highs In recent weeks, demand for the U.S. dollar has been boosted by employment and inflation data, which suggest a slower pace of rate cuts by […]
U.S. Dollar Strengthens as Key Economic Reports Loom
The U.S. dollar rose on Wednesday in anticipation of U.S. interest rate estimates, while the euro lost ground. The dollar has seen a surge in demand since last week’s strong Friday payrolls report led the market to largely dismiss the option of another 50 basis point cut for November in favor of a much more […]