The past trading week was rather confusing, with many currencies moving in unexpected directions. For example, the Japanese yen and the Swiss franc are both considered to be safe currencies and thus usually move in the same direction. But this week, the Japanese yen ended trading as the strongest currency on the Forex market, while the Swiss franc was the weakest one. The US dollar was not an exception, moving unpredictably after the FOMC monetary […]
The US dollar versus the Japanese yen currency pair fell under the major 105.09 support area. Can the bulls still recover?
The US dollar is looking for direction against many of its currency rivals on Thursday after the federal government reported that the number of Americans filing for first-time unemployment benefits declined to a pandemic low. The US central bank’s important September policy meeting continues to weigh on the buck, while uncertainty surrounding Congress’ newest stimulus package sparks concern in the broader financial markets.
The US dollar is trading mixed against its G10 currency rivals midweek following the Federal Reserve‘s completion of its two-day policy meeting. The central bank left interest rates unchanged, and it pledged to keep rates lower for a few more years to support the economic recovery. With rates hovering near zero until at least 2023, how will this impact the greenback?
The Great Britain pound versus the US dollar currency pair seems to be bouncing off 1.2777. Is this a sustainable appreciation?
The Australian versus the US dollar currency pair seems to be bounded by 0.7191 and 0.7320. Did the bulls lose their strength?
The United States dollar versus the Japanese yen currency pair seems not to be that willing to go south. But are the bulls able to pull it off?
The US dollar is slumping against many of its G10 currency rivals on Thursday after the latest jobs data was flat, and producer prices declined. The greenback had been staging a comeback for more than a week, but the buck looks to be going through a modest correction toward the end of the holiday-shortened trading week.
The Great Britain pound versus the US dollar currency pair sharply depreciated. Are the bears strong enough to continue?
The US dollar is continuing its winning streak on foreign exchange markets during the Labor Day holiday. The greenback has been staging a rebound over the last several trading sessions after cratering 11% since hitting a peak of 103.00 earlier this year at the height of the coronavirus pandemic. The buck has been rallying on a multitude of factors, including bullish economic data and COVID-19 concerns, but analysts are still maintaining a bearish […]
