The U.S. dollar edged lower on Wednesday amid fading optimism over trade negotiations and caution ahead of key employment data that could influence the Federal Reserve’s policy outlook. As of 04:55 ET (08:55 GMT), the U.S. Dollar Index — which measures the greenback against six major currencies — fell 0.2% to 99.002, hovering near its […]
Daily Technical Analysis EUR/USD: Pulls Back Amid Dollar Strength, Inflation Miss, and Trade Tensions
The EUR/USD pair retreated on Tuesday after reaching a six-week high of 1.1454, pressured by renewed concerns over the U.S.–China trade dispute and a strengthening U.S. dollar. The pair trades at 1.1379, down 0.52%, as the greenback regains ground. Trade Tensions and Economic Data Support the Dollar U.S. President Donald Trump is reportedly planning to […]
Dollar Recovers Modestly After Hitting Six-Week Low, Euro Drops Prior to ECB Meeting
The U.S. dollar edged higher on Tuesday but remained close to its six-week low as growing uncertainty over trade policies clouded the outlook for the U.S. economy. Meanwhile, the euro weakened slightly ahead of key inflation data from the eurozone. As of 04:10 ET (08:10 GMT), the U.S. Dollar Index—which measures the greenback against a […]
Dollar Falls Sharply Amid Rising Trade Tensions
The U.S. dollar dropped sharply on Monday, starting the week under pressure as escalating trade tensions fueled concerns over a potential economic slowdown. By 03:00 ET (08:00 GMT), the Dollar Index — which measures the greenback against a basket of six major currencies — fell 0.6% to 98.630, hovering near its April 22 low. Dollar […]
Daily Technical Analysis EUR/USD: Rebounds Toward 1.1400 After Tariff Tensions
EUR/USD is rebounding from its previous session’s losses, trading around 1.1370 during Monday’s session. The pair gains ground as the U.S. Dollar struggles following legal developments surrounding former President Donald Trump’s trade policies. On Thursday, the U.S. Court of Appeals ruled in favor of allowing Trump’s tariffs to proceed, temporarily supporting the executive’s trade stance. […]
Dollar Rises Slightly, but Gains Still Uncertain
The U.S. dollar inched slightly higher on Wednesday, buoyed by stronger-than-expected economic data, though lingering uncertainty around trade policies and the growing federal deficit limited further upside. As of 06:45 ET (10:45 GMT), the U.S. Dollar Index—which measures the greenback against six major currencies—rose 0.1% to 99.500. However, it remains down 8% year-to-date as investors […]
Daily Technical Analysis: EUR/USD Falls Below 1.1400 After Positive US Data and Weak French CPI
The EUR/USD pair continues its decline, slipping below the 1.1400 level for the second consecutive session, pressured by a rebound in the US Dollar (USD) and soft inflation data from France. As of Tuesday, the pair trades at 1.1335, down over 0.40%. Rebounding Dollar Gains From Strong Confidence Data A recovery in risk sentiment followed […]
Dollar Recovers, Despite Ongoing Concerns About Trade and Debt
The U.S. dollar edged higher on Tuesday, buoyed slightly as traders returned from long weekends in the U.K. and U.S. However, lingering uncertainty over the Trump administration’s trade policies and a major tax-and-spending bill moving through Congress continued to weigh on sentiment. As of 05:40 ET (09:40 GMT), the U.S. Dollar Index—which measures the greenback […]
Daily Technical Analysis EUR/USD : Rises Toward 1.1400 After Tariff Delay
EUR/USD continues its upward momentum for the second straight session, trading near 1.1390 on Monday. The euro is gaining strength after Bloomberg reported that former U.S. President Donald Trump agreed to postpone the implementation of a 50% tariff on European Union (EU) imports until July 9. On Sunday, European Commission President Ursula von der Leyen […]
Dollar Keeps Falling, The Pound Sterling Rises on Higher Inflation
The U.S. dollar continued to decline on Wednesday, weighed down by uncertainty surrounding President Donald Trump’s proposed tax and spending bill. Meanwhile, the British pound gained ground following stronger-than-expected inflation data. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index—which measures the greenback against a basket of six major currencies—dropped 0.4% to 99.595, extending […]