Top Forex News

The US dollar is finishing the trading week higher against a handful of currencies as the market appears to be moving on from recent comments pertaining to the greenback’s valuation. With a Federal Reserve bank president discussing the need for action ahead of a crisis and some data to throw in the mix, it has been a fun ride for the dollar this week.

The Australian dollar versus the US dollar currency pair is at an important resistance area, but the bulls are very determined. The clues for which path the price will take lie in a few details.

The US dollar versus the Japanese yen might look as if it is ready for a rally, but the chart tells a different story.

The US dollar is taking a breather midweek following a strong session on Tuesday, driven by strong economic data that left investors feeling ebullient. A string of housing numbers did come out, but the market did anticipate weakness in the sector, which could adjust traders’ minds about the world’s largest economy being on solid footing.

The US dollar is mixed against most currencies at the end of the trading week, driven by the latest inflation numbers. The greenback is also finding direction on expectations that the central bank will cut interest rates at the end of the month, according to signals during this week’s semi-annual testimony in front of Congress and latest Federal Open Market Committee (FOMC) minutes.

The US dollar today rallied to almost 3-week highs as market hopes for future rate cuts from the US Federal Reserve dissipated in the face of positive US jobs data. The greenback also benefitted from the uncertainty surrounding the US-China trade war that caused a significant sell-off in US equity markets and high demand for the dollar.

The Australian dollar vs. the US dollar is quietly preparing an ascent while evolving casually in the descending channel that began a year ago.

The US dollar ended the week with gains against the majority of most-traded currencies, though not against the Canadian dollar. The US-China trade ceasefire and positive US employment data were the main contributors to the greenback’s rally.

The US dollar is surging at the end of the holiday-shortened trading week, buoyed by a stellar June jobs report that defied market expectations and showcased employment gains in nearly every sector of the economy. But equities kicked off the trading session in the red because job creation dampened hopes of a cut to interest rates by the US central bank.

The US dollar was soft versus riskier commodity currencies but stood ground against majors. The greenback was especially strong against European majors such as the euro, the Great Britain pound, and the Swiss franc. The main hurdle for the US currency today was the disappointing employment report from Automatic Data Processing.