USD news

The US dollar index (DXY) rose to the highest level since November last year as forex investors reacted to the latest economic numbers from the United States. It rose to $92.67, which is 4% above the year-to-date low of $89.20. Dollar index chart US GDP data The US Bureau of…

The EUR/USD price declined as the market continued to worry about the recovery of the European economy. They are also focusing on the upcoming Jerome Powell and Janet Yellen testimony in Congress. EUR/USD price action Concerns of EU recovery The EUR/USD is falling as worries of the recovery of…

The US dollar index (DXY) erased some of its earlier gains as US Treasury yields cooled ahead of key auctions. It dropped to $91.80, which is 0.40% below its intraday high of $92.15. US Treasury yields cool Last week, the US dollar index rose after the dovish Fed interest…

The US dollar index (DXY) is little changed as market participants look forward to the upcoming Fed interest rate decision. It is trading at $91.75, which is a few points below the intraday high of $91.97.  US dollar index chart Fed decision waited The Federal Open Market Committee (FOMC) will…

The US dollar index (DXY) rose slightly on Monday as US Government bond yields retreated. The index is trading at $91.80, which is 0.50% above last week’s low of $91.35.  US dollar index chart US Treasury yields retreat The US dollar index is reacting to the US Treasury yields. The…

The US dollar index (DXY) declined for the third consecutive day as traders continued reacting on yesterday’s US inflation data. It is trading at $91.55, which is 1% below this week’s high of $92.50. US dollar index chart Focus on bond yields The dollar index is falling after data…

The EUR/USD rose slightly after the relatively mixed US consumer inflation data and the start of the European Central Bank (ECB) decision. US inflation Consumer prices have been on a strong upward trend in the past few months after dropping to a multi-year low in 2020. According to the…

The US dollar index (DXY) soared to the highest level since December last year after a speech by Jerome Powell. It is trading at $91.93, which is almost 3% above the lowest level this year. US dollar index chart Jerome Powell speech In a statement yesterday, Jerome Powell, the…

The US dollar index (DXY) rose ahead of an important speech by Jerome Powell and the upcoming nonfarm payroll (NFP) data. The index is trading at $91.14, which is 1.50% above the lowest level last week. Jerome Powell speech The dollar has risen against most currencies as forex investors wait…

The US dollar index (DXY) is rising for the sixth consecutive day as forex investors and analysts watch the performance in the bond market. It rose to an intraday high of $91.40, its highest level since February 5. US Treasury yield in focus The biggest focus among dollar traders…

The US dollar index (DXY) has formed a bearish pennant after the first testimony by Jerome Powell. It is trading at $90.08, which is 1% below the February high of $91.05. US dollar index chart Jerome Powell testimony The dollar index wavered as forex investors digested the latest…

The EUR/USD declined as traders reacted to the latest EU inflation numbers ahead of Congressional testimony by Jerome Powell and US consumer confidence data.  EUR/USD price action EU inflation rising Eurozone consumer inflation continued to rise in January even as countries placed travel restrictions. According to Eurostat, the headline…

The US dollar index (DXY) is in its third straight day in the red as forex traders react to the rising US yields. They are also watching a key testimony by Jerome Powell and the ongoing stimulus negotiations.  Stimulus and yields The US Congress will continue deliberations of Joe…

The US dollar index (DXY) tumbled today as US treasury yields continued rising signaling higher inflation hopes ahead. The index is trading at $90.63. Disappointing US data Yesterday, the Bureau of Labour Statistics published relatively strong US retail sales numbers. In total, the headline and core retail sales rose…

The USD/ZAR price bounced back today after the relatively mild inflation numbers from South Africa and the strong US dollar. The pair is trading at 14.78, which is 2.5% above this week’s low of 14.40. USD/ZAR price action Mild South African inflation South Africa’s consumer prices rose by 0.3%…

The US dollar index (DXY) is falling today as forex investors continue worrying about the rising US public debt and a recent call by Goldman Sachs analysts. It is trading at $90.35 that is 1.35% below the February high of $91.53. US debt worries The US dollar has been…

The US dollar index (DXY) is down for the sixth consecutive day as forex investors react to the recent streak of weak US economic numbers. The index is trading at $90.42, which is the lowest level since January 27. Weak US economic numbers The US has been one of…

The US dollar index (DXY) is in its third straight day in the red as forex investors react to the recent nonfarm data, US stimulus, and the recent performance of cryptocurrencies. The index is trading at $90.70, which is 1% below Friday’s high of $91.57. Dollar index chart Twin-deficit…

The US dollar index (DXY) pared back some of its earlier gains after the US released the first nonfarm payroll numbers of Joe Biden’s presidency. It is trading at $91.20, which is slightly below this week’s high of $91.60. US dollar index trend US nonfarm payroll numbers The American…

The US dollar index (DXY) rose to the highest level in seven weeks as its key constituent currencies dropped to multiweek lows. The index is trading at $91.15, which is 2.18% above the year-to-date low of $89.22. US dollar index chart Major currencies drop The US dollar index is a…

The US dollar index (DXY) is rising as forex investors react to the Federal Reserve interest rate decision, US GDP data, and the rising risks in US stocks. The index is also on track to have its first monthly gain since October last year. Fed interest rate decision…

The US dollar index (DXY) is rising today ahead of key events from the United States, including the FOMC decision. It is trading at $90.58, which is 0.45% above yesterday’s close. US dollar index FOMC decision next The Federal Open Market Committee (FOMC) will conclude its two-day meeting later today.