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 […]
Euro Normalizes Amid French Instability Concerns
The euro rose on Tuesday, recovering some ground after political turmoil in France prompted traders to hedge against further price volatility. Meanwhile, the Chinese yuan dropped to a 13-month low due to tariff risks and economic weakness in China. The yen, which gained approximately 4.5% over the past two weeks, retreated slightly against the dollar […]
Trump Threatens to Impose 100% Tariffs if BRICS Challenge the Dollar
Incoming President Donald Trump on Saturday issued a direct threat to impose 100% tariffs on a bloc of nine nations if they attempt to undermine the value of the U.S. dollar. His warning targeted the BRICS alliance member countries—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Additionally, Turkey, Azerbaijan, […]
Daily Technical Analysis EUR/USD: EUR/USD Plunges Below 1.0550 Amid Lagarde’s Statement and U.S. PMI Data
EUR/USD is under selling pressure around 1.0530 during early trading hours, driven by a strengthening U.S. dollar. Investors are keenly anticipating European Central Bank (ECB) President Christine Lagarde’s speech and the release of the U.S. ISM Manufacturing Purchasing Managers’ Index (PMI) later on Monday. Eurozone Inflation Data Eurozone inflation, measured by the Harmonized Index of […]
Dollar Depreciates on Trump Nominations, Euro Recovers
The U.S. dollar retreated on Monday, giving up some of its recent gains, as the nomination of Donald Trump’s choice for U.S. Treasury Secretary appeared to provide reassurance to the bond market. Meanwhile, the euro recovered from last week’s two-year low. The Dollar Index, which measures the greenback against six other currencies, fell 0.6% to […]
Daily Technical Analysis EUR/USD: EUR/USD Looks for Resistance Around 1.0500 After Bouncing Off Two-Year Lows
The EUR/USD is recovering after hitting a two-year low of 1.0332 on Friday and is currently trading near 1.0480 at the time of writing. This rebound may reflect a correction in the U.S. dollar, despite robust preliminary S&P Global U.S. Purchasing Managers’ Index (PMI) data released in the prior session. Meanwhile, the U.S. Dollar Index […]
Dollar Rises on Safe-Haven Bid, Pound Gains on CPI Data
The U.S. dollar rose on Wednesday, supported by its safe-haven status after the closure of the U.S. embassy in Kyiv, Ukraine, while the British pound gained strength as U.K. inflation in October exceeded expectations. Earlier in the day, the Dollar Index, which measures the greenback against six other currencies, traded 0.3% higher at 106.490, recovering […]