USD news & headlines
Latest breaking stories, features and analysis
- The US dollar index declined as investors continued focusing on stimulus talks between White House and Pelosi.
- Analysts believe that the deal is not possible ahead of the upcoming election.
- The index will react to US housing starts and building starts data later today.
Features & analysis
Latest USD news
The US dollar index (DXY) is in a tight range as the US election nears and as the earnings season gets underway. The index is trading at $93.3, which is in the same range it has been this week. US election nears The dollar index has been in a tight range, three weeks to the upcoming US election. Recent polls show that Joe Biden has better chances of winning the election. For example, the average national poll puts Biden at a 52% chance of winning...
The GBP/USD price rose by 0.50% as the market reacted to a speech by Boris Johnson and US producer price index (PPI) data. It is trading at 1.3000, which is higher than the intraday low of 1.2870. EU and UK to extend Brexit talks The United Kingdom will continue deliberating with the European Union about Brexit past the tomorrow’s deadline. According to Reuters, EU leaders will request Boris Johnson to accelerate talks ahead of the January 1 dead...
The EUR/USD price is slightly lower as the market digests the German and US consumer price index (CPI) data. It is trading at 1.1781, which is slightly below Friday’s high of 1.1831. German deflation continues Consumer prices in Germany continued to decline in September, according to Destatis. The data shoeed that consumer prices fell by 0.2% on a month-on-month and year-on-year basis. Similarly, the harmonised index of consumer prices fell by -0...
The US dollar index (DXY) is little changed today as the market focuses on US stimulus and the upcoming earning season. It is trading at $93.08, which is lower than September 24 high of $94.76. US stimulus impasse continues The US has been the worst affected country by the Covid-19 pandemic. It has reported more than 7 million cases and more than 200k deaths. On Sunday, health officials confirmed more than 51,000 new cases, almost double those re...
The US dollar index (DXY) is rising today as traders focus on news on stimulus and the disappointing jobless claims data from the United States. The index is trading at $93.74, which is slightly higher than this week’s low of $93.50. US jobless claims data disappoint The US labour force has been going through its worst performance in decades. On Friday last week, data showed that the economy added more than 661,000 jobs in September while the une...
The US dollar index (DXY) is under intense pressure as traders wind-down their Friday’s risk aversion trades. It is down for the second straight day and is trading at the lowest level since September, 21. Risk aversion abates On Friday, the US dollar index rallied after Donald Trump revealed that he had the coronavirus. This rally was mostly because of risk aversion as investors moved to the safety of the greenback. In the past few days, these ri...
The US dollar index (DXY) rose by more than 0.10% as investors reacted to news that President Trump had contracted Covid-19. The index is also reacting to the relatively strong nonfarm payroll numbers from the US. Trump tests positive for Covid-19 The US dollar index rose as investors rushed to the safety of the greenback after Trump tested positive for Covid-19. The index rose as the US dollar gained against the euro, Canadian dollar, and Swiss...
The US dollar index (DXY) has started the fourth quarter in the red as worries grow about US stimulus. The index is trading at $93.75, which is slightly below this week’s high of $94.75. US initial jobless claims falls The dollar index is falling even after some encouraging data from the United States. Yesterday, data from the Bureau of Labour Statistics (BLS) showed that private employers added more than 749k jobs in September. That was better t...
The US dollar index (DXY) is on track to end its first month in the green since April. The index is trading at $94.09, which is the highest it has been since July. Fundamental analysis: Why the dollar rose in September The US dollar index rose in September partly because of the rising geopolitical risks between the US and China. During the month, Donald Trump announced that the US would ban TikTok and WeChat from the country. As this happened, so...
The EUR/USD is in dropping for the fifth straight day as traders react to the slowing of the European economy and the overall strength of the dollar. The pair is trading at 1.1661, which is the lowest it has been since July 27. US dollar gains on rising risks The EUR/USD is falling mostly because of the rising risks in the market. These risks have led to a significant demand for the US dollar, which is the world reserve currency. In Europe, the n...
The USD/JPY pair dropped sharply yesterday before and after the Federal Reserve (Fed) rate decision. Today, the pair erased some of those losses as traders reflected on the Bank of Japan (BOJ) interest rate decision. It is trading at 105.05, which is slightly above the overnight low of 104.80. Fed rate decision In its closely-watched rate decision, the Fed decided to leave interest rates in the United States unchanged. That was in line with what...
The USD/CAD pair was little changed today as traders reacted to the weak US retail sales and Canadian inflation data. Traders are also waiting for the Federal Reserve interest rate decision. US retail sales disappoint The US retail sales disappointed in August even as the country continued to reopen. According to the Census Bureau, retail sales jumped by 0.6% to $537.5 billion during the month. That was a lower rate than the previous month’s incr...
The US dollar index (DXY) is in its third straight day in the red as traders wait for the Federal Reserve interest rate decision. The index is trading at $92.83, which is the lowest it has been since Friday last week. Dollar falls ahead of the FOMC The dollar index is falling today as the greenback weakens against all constituent currencies. It is down by 0.55% against the British pound, 0.25% against the euro and Swiss franc, and by 0.20% agains...
The US dollar index (DXY) is down by more than 0.30% as investors reflected on the latest coronavirus vaccine and corporate activities. The dollar has fallen by 0.60% against the British pound, 0.30% against the euro, and 0.25% against the Swiss franc. Coronavirus vaccine hopes The US dollar index is falling after some positive news about a coronavirus vaccine. During the weekend, AstraZeneca announced that it had resumed clinical trials of its v...
The US dollar index (DXY) is down by almost 20 basis points today mostly because of the strength of the euro, Swedish krona, and the Canadian dollar. Still, the index is set to have the second straight week in the green. US inflation improves The US dollar index reacted mildly to the improved consumer inflation data released by the Bureau of Labour Statistics (BLS). The data showed that the headline CPI rose by 0.4% in August after rising by 0.6%...
The US dollar index is up for the seventh straight day as traders react to the news that AstraZeneca has paused its COVID-19 vaccine trial. The currency is also reacting to recent positive data from the United States and the rising geopolitical risks. The EUR/USD and GBP/USD pairs have risen by about 0.05% each. AstraZeneca pauses COVID-19 vaccine trial The dollar index is rising today after AstraZeneca and Oxford University paused a trial of the...
The US dollar index (DXY) rose today as traders reacted to strong nonfarm payrolls (NFP) data from the United States. The index is trading at $92.81 and is on track for its best week since May. US NFP data miss estimates American employers added more than 1.3 million jobs in August, as the country continued to open. This number was lower than the 1.7 million jobs that were created in July. It was also lower than the 1.4 million that analysts poll...