United States — News Archive

The Australian dollar versus the US dollar hits the first target, at 0.6858. The upcoming move could be very interesting.

The US dollar traded generally higher against other majors today, though fell versus commodity currencies, even the extremely vulnerable Australian dollar. The current trading session was very light on macroeconomic data, with housing starts and building permits being the only report released in the United States today, and traders wait for tomorrow’s monetary policy decision from the Federal Reserve to drive the market.

The price is above an important support area, but it does not seem to be willing any appreciation. The descending channel might give the explanation.

The Indian rupee fell against the US dollar today after India decided to enter a trade war with the United States.

The US Dollar index was flat today as the greenback was somewhat directionless during the trading session. Overall though, fundamentals looked really negative for the US currency, meaning that it has room for downside.

The US dollar ended the past trading week as the weakest currency on the Forex market. Prospects for an interest rate cut from the Federal Reserve was one of the main themes for talks among investors lately. But the latest developments in the trade war saga may change things.

The Australian dollar versus the US dollar is just in the right spot for the bears to begin a new descent.

The descent on the US dollar versus the Japanese yen reached the important target of 108.12, a level that represents a weekly support area. But certain factors point to the fact that, this time, the support might would not hold its ground.

Trade wars and the resulting risk aversion on markets were the main themes during the past trading week. The US dollar reacted in an expected manner, rising versus riskier currencies but underperforming against safer ones.

The US dollar versus the Japanese yen currency pair tried to establish an ascending move, but to no avail as the 110.27 resistance is heavily defended by the bears.