The EUR/USD pair tilted lower during the day on Tuesday, with intraday bids at two-week lows before the day’s session closed near 1.1050. Price action remains limited as markets are bracing for a final US Non-Farm Payrolls release this week, although a missed Purchasing Managers’ Index figure appears to have revived fears of an impending […]
Dollar Is Calm Ahead of ISM Release and Labor Market Data
The U.S. dollar is calm on Tuesday as investors await key economic data, including Friday’s payrolls report, which could set the stage for a rate cut by the Federal Reserve later this month. Dollar Focuses on Labor Market The U.S. ISM manufacturing survey, due later in the session, is the first major indicator in a […]
Dollar Awaits Payrolls, Euro Gains
The U.S. currency retreated slightly on Monday amid light trading due to the holiday, as traders await key labor market data as they look for signs of possible interest rate cuts by the Federal Reserve. This Monday, activity will be minimal due to the U.S. Labor Day vacation. Dollar Focuses on Payrolls Report The dollar […]
EUR/USD Rises to Near 1.1050 on Fed’s Dovish Tone
The EUR/USD breaks its three-day losing streak and trades around 1.1050 during the Asian session on Monday. The rise in the EUR/USD could be a consequence of the U.S. dollar’s lukewarmness following the negative sentiment surrounding the Federal Reserve. However, the July Personal Consumption Expenditures index may have supported the dollar and prevented the pair […]
EUR/USD A Deeper Upward Momentum Is Expected
The EUR/USD rose on Tuesday, benefiting from the continued easing in the markets relative to the U.S. dollar. The pair returned to recent highs after the week began with a small retracement of recent gains, although a new round of risk-on sentiment in the market pushed bids back to those levels. Despite this, EUR/USD continues […]
Dollar Hovers Near Recent Lows, Labor Market Data Decisive
The U.S. dollar traded little changed in early European trading on Tuesday, supported somewhat by rising geopolitical tensions, although it remained near its recent lows ahead of the Federal Reserve’s impending interest rate cut. Job Market Data Boosts the Dollar The dollar rose on Tuesday as geopolitical tensions in the Middle East, Libya, and Ukraine […]
EUR/USD Moves Up to Around 1.1200 on Powell’s Conservative Fed Stance
The EUR/USD is extending its gains for the second session in a row, trading around 1.1190 during the Asian session on Monday. This rise in EUR/USD follows the weaker US dollar after the Fed Chairman’s dovish-sounding speech at the Jackson Hole Symposium last Friday. Fed Chairman Jerome Powell said, “The time has come to tighten […]
Dollar Rebounds but Continues Near Seven-Month Lows
The U.S. dollar rose in early European trading on Wednesday but remains near seven-month lows, as the Federal Reserve minutes from its last meeting and likely revisions to payroll data point to a rate cut next month. The dollar loses strength in anticipation of Fed minutes and payroll revisions The dollar has been under pressure, […]
EUR/USD The Pair Rises Nearly 1% This Week Ahead of Jackson Hole
The most important event this week is the Federal Reserve’s Jackson Hole symposium, where Fed Chairman Jerome Powell is expected to speak publicly on Friday. At the same time, the market will focus on whether expectations of a 100 basis point rate cut by the central bank this year will be confirmed. Another factor that […]
Dollar Steady Ahead of Fed Meeting; Traders Remain on Alert
The US dollar was trading flat on Tuesday as traders remained cautious and on alert ahead of the start of the Federal Reserve’s latest interest rate meeting. Here is what is moving the currency market today. Dollar Quiet Ahead of Fed Meeting The Federal Reserve begins its two-day policy meeting on Tuesday and is expected […]