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Dollar Index Moves Above 99.00

US dollar index is moving higher today, even as the greenback itself trades mixed. There is reason to suppose that the dollar will retain support, thanks to global economic uncertainty.

Risk Aversion & Poor US Data Leave Dollar Mixed

The US dollar fell against some of its major peers due to the slew of poor economic reports released from the United States during the current trading session. Yet the greenback also gained on many other currencies as risk aversion drove them even lower than the dollar.

US Dollar Continues to Gain Ground as Uncertainty Remains

US dollar is heading higher today against many of its major counterparts, thanks in large part to some of the uncertainty still in the markets. With the concerns about China, the United States remains the economic safe haven.

Risk Aversion Secures Gains of USD vs. Most Other Currencies

The major theme this week was risk aversion due to the news from China. This allowed the US dollar to gain against the Great Britain pound and commodity-linked currencies during the past trading week. At the same time, the greenback fell against the Japanese yen and, surprisingly, against the euro.

Greenback Gains on Employment Data

US dollar is heading higher today, gaining after the announcement of the latest job figures. With an unexpectedly high gain in jobs, the US economy appears to be on firm footing and many analysts are looking forward to more interest rate hikes.

Dollar Drops vs. Euro & Yen, Retains Gains vs. Other Majors

The US dollar fell against the euro and the Japanese yen today as minutes of the latest Federal Reserve policy meeting were relatively dovish. The greenback retained gains against most other major currencies thanks to the strong private employment report.

Continued Safe Haven Demand Helps Greenback

Forex traders are still looking for a safe haven today, and the US dollar is providing that feeling of confidence. With upheaval in the stock markets and uncertainty over North Korea and the Middle East, it’s no surprise that the dollar is gaining ground today.

US Dollar Index Rises as Risk Aversion Continues

US dollar index is higher today, thanks in large part to continued risk aversion. The latest chain of events in China and the Middle East are making investors and traders skittish, and they are turning to safe haven currencies.

Dollar Starts Week with Gains amid Pessimistic Sentiment

The US dollar started the week with gains as the risk-negative market sentiment drove market participants to safer currencies. The same pessimistic mood boosted the Japanese yen as well, allowing it to gain even more than the US currency.

Euro Struggles as Stocks Drop on Risk Aversion

Euro is struggling today as risk aversion sets in. Stocks are plunging in the wake of the latest Chinese data and that is bringing down high beta currencies like the euro in Forex trading.

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