The US dollar stabilized on Wednesday ahead of key inflation data that could shape the Federal Reserve’s future policy, following hawkish comments from Federal Reserve Chairman Jerome Powell. The dollar index, which measures the greenback’s strength against a basket of six other currencies, was trading slightly higher at 107.875 after posting some losses overnight as […]
Dollar Holds Firm After Trump Tariffs; Sterling Falls
The US dollar stabilized on Tuesday after US President Donald Trump imposed tariffs on metal imports, triggering demand for the safe-haven currency amid concerns over a brewing trade war. The dollar index, which tracks the greenback against a basket of six other currencies, was trading virtually flat at 108.200. Dollar Remains in Demand Donald Trump […]
Dollar Strengthens Amid Talks of Additional Tariffs, Euro Loses Ground
The US dollar rose on Monday after the US president threatened to impose new tariffs on metal imports, boosting demand for safe-haven assets, while the euro lost ground. The dollar index, which tracks the US currency against a basket of six other currencies, was trading 0.2% higher at 108.140. Dollar Gains Ground on Trade War […]
Daily Technical Analysis : EUR/USD Holds Near 1.0300 Amid Trump’s Tariff Threats
While US Treasury yields continue to climb, the US counterpart remains resilient, prompting both the USD and prices to push higher. EUR/USD has ceded ground for the third consecutive session, with the pair trading around 1.0310 on Monday. The pair is under pressure as investors anticipate a widening interest rate gap between the US and […]
Dollar on a Tightrope, The Euro Gains Despite Disappointing PMI
The US dollar fell on Wednesday, trading defensively following the Trump administration’s agreement with its neighbors, Canada and Mexico, to delay tariffs. Meanwhile, the euro gained despite weak regional services activity data. The dollar index, which analyzes the evolution of this currency in comparison to a basket of six other major currencies, was trading down […]
Daily Technical Analysis EUR/USD: It Recovers as Market Pressures Diminish
EUR/USD posted a modest 0.8% gain last Tuesday, attempting to recover after six consecutive days of losses. However, the pair has yet to establish itself above 1.0400. Bullish momentum remains limited, as it is still exposed to overall market sentiment and the upcoming U.S. Non-Farm Payrolls (NFP) report, which will be released at the end […]
Dollar Recovers Some Ground After the Postponement of Tariffs
The U.S. dollar fell slightly on Tuesday, giving up some of its recent gains after the Trump administration postponed some of the planned tariffs, even as a trade war with China was confirmed. The dollar index, which analyzes the movement of the greenback against a basket of six other currencies, was trading down about 0.5% […]
Dollar Catapults After the Announcement of Tariffs, The Euro Is Severely Punished
The US dollar surged on Monday, reaching a three-week high after US President Donald Trump followed through on his threat of additional trade tariffs, increasing demand for the safe-haven currency. The dollar index, which tracks the behavior of the US dollar against a basket of six other currencies, was trading nearly 1% higher at 109.305 […]
Daily Technical Analysis EUR/USD: Falls to 1.0200, Multi-Week Low Due to Tariffs
During the early hours of Monday, the EUR/USD currency pair witnessed a significant decline, falling to the 1.0200 area, marking a three-week low. This movement brings spot prices dangerously close to the two-year low established in January, leading some investors to question whether the pair is entering a prolonged downtrend that has persisted for several […]
Dollar Rises Awaiting the Federal Reserve Meeting, Euro Loses Ground
The US dollar rose slightly on Wednesday in a cautious trading environment ahead of the Federal Reserve’s policy decision, while the euro weakened with the European Central Bank (ECB) meeting scheduled for Thursday. The dollar index, which tracks the US dollar against a basket of six other currencies, was trading around 0.2% higher at 107.850, […]