USD news

The US dollar index (DXY) turned lower on Wednesday as investors reflected on the rising inflation in the United States. The index declined from a weekly high of $94.55 to a low of $94.20. US consumer inflation rising The jump in consumer inflation may not be transitory after all.

The US dollar index (DXY) was little changed on Monday morning as investors reflected on the latest American non-farm payrolls (NFP) and the upcoming inflation data. The index is trading at $94.12, where it has been in the past few days. It is about 0.50% above the lowest level…

The US dollar index (DXY) held steady on Wednesday as investors refocused on the upcoming non-farm payroll (NFP) data and inflation. The index rose to $94.43, which was about 5% above the lowest level this year. US non-farm payrolls data The biggest catalyst for the US dollar index will be…

The EUR/USD tilted upwards on Friday after the latest Eurozone consumer price index (CPI) data. It rose to a high of 1.1600, which was 0.35% above the lowest level this week.  Eurozone consumer inflation Consumer prices in the Eurozone jumped in September. According to Eurostat, the headline consumer inflation…

The US dollar index (DXY) had a relatively strong month in September as fear spread across the financial market. The index is trading at $94.32, which was the highest level since September 28 last year. It has risen by more than 5.77% from its lowest level this year. Why…

The US dollar index (DXY) popped to the highest level since November 2020 as Treasury yields rose and after the relatively weak consumer confidence numbers. The index rose to a high of $93.80, which is about 2% above the lowest level in September. US consumer confidence fades Data published by…

The GBP/USD rose after the latest Federal Reserve interest rate decision. The pair rose to 1.3680, which was higher than Wednesday’s low of 1.3617. Focus now shifts to the Bank of England (BOE) decision scheduled for Thursday. Bank of England preview The BOE will conclude its two-day monetary policy…

The USD/CAD price held steady in early trading as investors focused on today’s Canadian election. The pair rose to 1.2796, which was the highest level since August 23rd.  Canada election The USD/CAD price is rising as traders wait for the results of Canada’s flash election that pits conservatives against…

The US dollar index (DXY) popped on Friday as investors remained concerned about contagion risks as the Evergrande crisis continues. The index rose to a high of $93.24, which was the highest level since August 23rd. Evergrande and Federal Reserve The biggest catalysts for the US dollar index this week…

The US dollar index (DXY) pared back earlier losses after the US published the relatively weak consumer price index (CPI) data. The index declined to $92.32, which was the lowest level since September 7.  US inflation easing Economic data published by the Bureau of Labor Statistics (BLS) showed that…

The USD/JPY pair held steady in early trading after the relatively steady Japan producer price index (PPI) data. The pair was trading at 109.92, where it has been in the past few days. Japan inflation data The Japanese economy has remained steady in the past few months. Indeed, data…

The US dollar index (DXY) rose on Friday as investors remained fearful about the market. The index rose to $92.64 on Friday, which was about 0.35% above the lowest level last week.  US inflation and retail sales ahead The US dollar index will be in the spotlight this week as…

The US dollar index (DXY) rose for the third straight day after the strong American job vacancies data published by the Bureau of Labor Statistics. The index rose to an intraday high of $92.86, which was about 0.95% above the lowest level on Friday.  US labour market tightening  The main…

The US dollar index retreated on Friday after the relatively mixed American employment numbers. The index is trading at $92.11, which is slightly above last week’s low at $91.95.  US dollar index weekly forecast The DXY index struggled on Friday when the Bureau of Labor Statistics (BLS) published the…

The USD/TRY price wavered on Friday as traders reflected on the latest Turkish inflation data and US non-farm payroll numbers. The price is trading at 8.3050, which is slightly below a key support level. Turkish inflation and US NFP data The Central Bank of the Republic of Turkey…

The US dollar index (DXY) rose on Tuesday even after the relatively weak consumer confidence data from the United States. The index rose to $92.75, which was about 0.40% above the lowest level during the day.  DXY August review The US dollar index had a relatively mixed August. It initially…

The US dollar index (DXY) declined sharply after the relatively dovish statement by Jerome Powell at the virtual Jackson Hole Symposium. The index declined to $92.60, which was the lowest level since August 17. This price was also about 1.20% below the highest point in August. The Federal Reserve…

The US dollar index (DXY) pullback gained steam on Tuesday as the risk-on sentiment resumed. The index also declined even after the relatively strong US housing data. It is trading at $92.95, which is slightly below last week’s high of $93.46. DXY retreats The DXY index has retreated as the…

The US dollar index (DXY) popped as the risk-off sentiment returned and after the relatively hawkish FOMC minutes published on Wednesday. The index rose to $93.45, which was the highest level since November. Risk-off sentiment The DXY index has been in a relatively strong bullish trend in the past…

The US dollar index rose on Tuesday after the relatively weak US retail sales numbers. The index rose to $92.75, which was about 0.40% above the lowest level on Friday.  US retail sales The retail sector plays an important role in the American economy. It is one of the biggest…

The US dollar index (DXY) has been in a tight range as investors reflect on the mixed US consumer and producer inflation data and hawkish Fed speak. The index is trading at $92.95, which is slightly below this week’s high of $93.15.  US inflation and Fed taper talk The top…

The US dollar index (DXY) held steady as investors reflected on the stellar non-farm payrolls numbers and the upcoming US inflation data. The index remained at $92.80, which was the highest level since July 26.  US dollar index forecast The US dollar index is holding steady as US bond…