USD news

The US dollar index (DXY) is holding steady after the latest US initial jobless claims and manufacturing index data. It rose to $92.52, which was slightly above Wednesday’s low of $92.25. US initial jobless claims The US economy is firing on all cylinders as the country reopens. This is evidenced…

The GBP/USD declined on Tuesday as investors reacted to the latest US consumer inflation data and as the Delta variant continued to spread. The pair fell to 1.3840, which was 0.50% below the highest level this week. US consumer inflation data Consumer prices in the US rose in June…

The US dollar index (DXY) tilted upwards even as Treasury yield declined to a four-month low. The index is trading at $92.52, which is a few points below this month’s high of $92.7. US Treasury yields dip US government bonds have been in a strong rally, pushing yields to the…

The US dollar index (DXY) rose for the fifth consecutive day as investors reacted to the latest US non-farm payroll data. It rose to $92.66, which is about 3.5% above the lowest level in May.  US non-farm payrolls The US labour market is tightening as more states reopen following…

The US dollar index (DXY) rallied in June as investors reacted to the relatively hawkish Fed interest rate decision and relatively strong American economic data. The index rose by almost 3% in June, making it its best month since March this year. US dollar impresses The US dollar rose…

Public Mint, a fiat-based blockchain and payments infrastructure company, announced Thursday morning a new partnership with Abra, a leading wealth management platform Abra. As part of the agreement, the two entities will offer an additional revenue source for the EARN platform, according to a press release obtained by Invezz.

The US dollar index (DXY) is in a tight range as investors reflect on the surging US inflation and the rising hopes of an infrastructure deal. It is trading at $91.86, which is about 0.60% below the highest level this month.  US economic progress The US economic growth is accelerating,…

The EUR/USD price is in a tight range as investors react to the relatively strong German business climate data. The pair is trading at 1.1927, which is slightly below yesterday’s high of 1.1970 and 0.60% above the lowest level last week. EUR/USD price action German business climate data The…

The US dollar index (DXY) retreated after staging a major comeback last week after the hawkish Fed interest rate decision. The index fell from last week’s high of $92.40 to $91.35.  US dollar retreats The US dollar index rallied sharply last week after the Federal Reserve delivered a relatively…

The US dollar index (DXY) strength accelerated on Friday as traders remained optimistic about the country after the hawkish Fed decision. The index is trading at $91.90, which is the highest it has been since April. It is also 2.5% above the lowest level this year. Fed decision The biggest…

The US dollar index (DXY) was little changed on Monday as traders started to refocus on the upcoming Federal Reserve interest rate decision. It is trading at $90.50, which is about 0.60% above its lowest level on Friday. Federal Reserve and US data dump The biggest focus among dollar index…

The US dollar index (DXY) rose slightly after the relatively impressive US consumer price index (CPI) data. The index rose by 0.10% to $90.21. US consumer inflation Everything has gotten pricey in the United States. According to the US statistics agency, the CPI rose by 0.6% in May on a…

The USD/CAD retreated after the relatively weak employment numbers from the United States and Canada. The pair dropped to 1.2088, which was below this week’s high of 1.2130. Canadian dollar chart Canada and US jobs data disappoint On Thursday, the USD/CAD pair jumped sharply after the relatively strong private…

The US dollar index (DXY) darted lower after the US published the relatively strong non-farm payrolls (NFP) data. It rose to $90.65, which was more than 1% above the lowest level this year.  Non-farm payrolls data The US labour market is tightening as the country reopens. On Thursday, data by…

The US dollar index (DXY) sell-off accelerated in May as the Federal Reserve insisted that it will not tighten even as the economy rebounds. It fell to $89.56 in May, which was 13% below the highest level in 2020.  US dollar index outlook The US dollar index declined sharply in…

The US dollar index (DXY) is a little changed on Monday as the market reflects the recent strong economic data from the United States. The index is trading at $89.9, which is slightly above this month’s low of $89.67.  US dollar index (DXY) chart Strong US economic data The dollar…

The US dollar index (DXY) sell-off resumed as fears of high interest rates in the United States started to ease. The index declined to $89.75, which was the lowest level since February 25. US dollar index price action US dollar index sell-off resumes The DXY rose last week after the…

The US dollar index (DXY) is holding steady after the strong US consumer price index (CPI) and producer price index (PPI) data. It rose to $90.75, even as analysts at ING warned about the dollar strength. Dollar index chart ING is not bullish on the dollar The US dollar index…

The EUR/USD declined after the latest Eurozone industrial production and US consumer inflation data. It fell to 1.2072, which is about 1% below this week’s high of 1.2180. EUR/USD price action Eurozone industrial production and US inflation The Eurozone economy seems to be recovering at a slower speed than…

The era of the US dollar reigning supreme in the global stage could end by 2036, according to billionaire investor Stanley Druckenmiller. The culprit isn’t a rising foreign power, rather the US Federal Reserve itself as the central bank’s policies are completely out of whack with reality. Questioning the Fed’s…

The US dollar index (DXY) declined to the lowest level since February 25 ahead of the closely watched US consumer price index (CPI) data. It dropped to $90, which is 3.5% below its highest level on March 31st. DXY chart US consumer inflation data ahead The US will publish the…

The relentless sell-off of the US dollar index (DXY) accelerated on Monday as the market continued to focus on the disappointing US jobs numbers. The index has declined for the past three consecutive days and is trading at the lowest level since February 25. DXY price action US dollar index…