USD news & headlines
Latest breaking stories, features and analysis
- The US dollar index (DXY) is up for the third straight day as traders eye stimulus negotiations.
- Media reports suggest that Democrats and Republicans have made some progress on the talks.
- The outlook for the index is neutral since a well-defined uptrend has not been formed.
Features & analysis
Latest USD news
The US dollar index (DXY) pared earlier gains as traders reflected on the Fed interest rate decision and the weak economic numbers from the US. The index, which measures the dollar’s strength against a basket of currencies, is trading at $93.35, which is the lowest level since June 2018. US economy contracted by a record in Q2 The US economy contracted by a record 32.9% in the second quarter as the country remained in lockdown for most of the qua...
The US dollar index (DXY) rose slightly after the relatively dovish interest rate decision by the Federal Reserve. The index, which tracks the dollar’s performance against key peers, is up by about 0.10% in early Thursday trading. The EUR/USD is down by 0.20% in the Asian session. Fed interest rate decision The Federal Reserve struck a cautious view yesterday when it delivered its July interest rate decision. The bank left interest rate unchanged...
The US dollar index (DXY) pared back some of the losses experienced in the past few days as investors refocused on the Fed monetary policy meeting and US stimulus. The index is trading at $93.75, which is slightly higher than yesterday’s low of $93.50. The US dollar has gained against most currencies in the index. It is up by 0.45% against the Swedish krona, 0.40% against the sterling, and 0.10% against the euro (EUR/USD). On the other hand, the...
USD/JPY price tumbled on Friday to trade at 4-month lows amid the risk-on market environment. The Japanese Yen gained across the board as the stock market turned lower as ties between the United States and China have deteriorated. Fundamental analysis: Dollar under the pressure The JPY hit a one-month high while the euro’s gains came to a halt as investors watched flash Purchasing Managers’ Index (PMI) climb to a 25-month high. Eurozone com...
The US dollar index (DXY) dropped to an 18-month low as demand for the greenback weakened. The index is trading at $95.11, which is close to its lowest level since January 2019. It has dropped by more than 5% in the past three months. Improved sentiment overseas The US dollar index measures the performance of the greenback against a basket of global currencies. The currencies in the index include the euro, sterling, Canadian dollar, Swiss franc,...
The US dollar index (DXY) is down by 0.25% as traders reflect on the rising number of coronavirus cases in the US and the ongoing EU recovery fund meeting. The index is down by more than 0.60% this week, and is trading near its March lows. US recovery in question The US dollar is weak against most currencies that make the US dollar index. It is down by more than 0.60% against the Swiss franc, 0.40% against the euro, and 0.45% against the Swedish...
USD/JPY price has continued to range this week as investors seem to have taken a break after a volatile few months. Separately, BoJ’s Governor says that Japan’s economy is past the worst. Fundamental analysis: The lengthy recovery ahead Haruhiko Kuroda, Governor of the Bank of Japan (BoJ), said the worst is over for Japan’s economy. Still, Kuroda warned that the recovery process could take some time. The bank estimates economy contraction of 4.7%...
The US dollar index (DXY) is down by more than 0.35% as traders reflect on the positive news from Moderna. The index is trading at $95.80, which is the lowest it has been since June 10 this year. Also, it is in its fourth straight day in the red today. Moderna vaccine shows positive results The US dollar index rose sharply in March after the World Health Organisation (WHO) named coronavirus a global pandemic. At the time, the index reached a mult...
The US dollar index (DXY) is down slightly as traders reflect on the earnings season, the rising number of coronavirus cases, and the upbeat inflation data from the US. The index is down by more than 6% in the past three months. US inflation rose in June Consumer prices bounced back in June as the US economy continued to reopen. According to the Bureau of Labour Statistics (BLS), the headline Consumer Price Index (CPI) rose by 0.6% after falling...
EUR/USD price is working to record the third straight bullish month after edging higher in May and June. The buyers are in firm control of the price action as they look to extend the rally to $1.15, at least, and then $1.19 before the year ends. EU Summit in focus The latest data from Europe shows that industrial production in Italy and France has positively surprised investors. The output rebounded more strongly than expected in May as fac...
The US dollar index (DXY) is under pressure today as investors continue to monitor the rising number of coronavirus cases in the US. They are also reacting to the relatively better-than-expected jobless claims numbers. Coronavirus cases in the US rise The US has been the worst-affected country in the world by the coronavirus pandemic. According to Johns Hopkins, the country has confirmed more than 3 million cases and almost 130,000 deaths. In com...
The US dollar index (DXY) erased earlier gains as investors remained optimistic about the recovery of the global economy. The index is trading at $96.82, which is a few points below the intraday high of $97.17. US jobs openings rose in May The US dollar index rose earlier in the day as traders continued to worry about the rising number of coronavirus cases in the Unitec States, Hong Kong, and Australia. The biggest concern was Australia, which re...
The US dollar index (DXY) is down by more than 0.45% as traders digest several news from around the world. The index is trading at $96.75 even as US stocks jump. The Dow Jones is up by more than 345 points while the Nasdaq is up by more than 170 points. The dollar is probably falling because of the upbeat numbers from Europe. Earlier today, data from the UK showed that construction PMI and auto sales bounced back in June. Another data showed that...
EUR/USD price is trading slightly higher today. Yesterday, the price action failed to close above the $1.13 mark, which paved the way for a decline below the $1.1250 mark. Fundamental analysis: Knot issues a warning The Dutch central bank Governor Klaas Knot warned Europe that it shouldn’t rely too much on monetary policy. Accordingly, monetary policy shouldn’t be seen as the key weapon against the economic fallout. “Such a perception is ri...
GBP/USD price has continued its rally today to trade above the $1.25 again as the buyers now eye a trip towards the $1.26 handle. In the meantime, PM Johnson has reiterated that the furlough scheme won’t be extended beyond October. Fundamental analysis: No extension of the furlough scheme planned The UK Prime Minister, Boris Johnson, issued a “very blunt” warning to the Brits saying that the current furlough scheme won’t be extended beyond...
The US dollar index (DXY) is down by 0.25% as traders react to the upbeat nonfarm payrolls data released by the Bureau of Labour Statistics (BLS). The index is trading at $96.50, which is slightly below yesterday’s high of $97.20. US nonfarm payrolls rise The economy added more than 4.8 million jobs in June as the country started to reopen. That was the highest monthly gain ever recorded in history. The May jobs numbers were revised upwards from...
The US dollar index (DXY) reversed its earlier gains as traders reacted to the strong manufacturing PMI data. The index is trading at $97.10, which is slightly below the intraday high of $97.65. US manufacturing PMI rises The manufacturing sector in the United States was upbeat in June as the country reopened. According to the Institute for Supplies Management (ISM), the manufacturing PMI rose to 52.6 in June. That was better than the 49.5 that a...