Posts Tagged ‘USD/JPY’

Today, the US dollar is still trading close to a 13-month high. However, its index is making a downward correction on the back of gradual stabilization of the financial system in Turkey. The US dollar index dropped by almost 30 pips to 96.50, closing the North American and Asian sessions. In the recent sessions, the US currency found support mainly from buoyant demand for US Treasuries. Turmoil in financial markets was triggered by trade jitters between […]

Today, the US dollar remains trading at a 13-month high against the basket of major currencies amid lingering tensions between the US, Turkey, and other countries. The US dollar index touched 96.80. The US currency is winning favor with investors because the greenback is higher yielding than other safe haven currencies. On Friday, the US President Donald Trump announced the decision to double steel and aluminium tariffs on Turkey. In response, Ankara […]

The US dollar is trading with higher volatility against its rival currencies amid political jitters, sparked off by the protectionist rhetoric of Donald Trump. In the Wall Street session, the US dollar index again showed a downward gap of almost 110 pips. However, the index closed the North American session at about 96.21. On Monday, the US President approved a massive defense policy bill of 2019. It authorizes a budget of $716 billion. […]

On Friday, the US dollar jumped to a 13-month high against a basket of currencies. The greenback opened this week with a gap of 110 pips. The US dollar index is now trading at above 96.00, the highest level in more than a year. Earlier today, the index fell briefly to 95.20. Investors change sentiment abruptly as a growing financial crisis in Turkey is sending ripples across the market. Besides, investors are on edge amid lingering […]

During the New York session, the greenback not only pared all of its losses, but also rose to a fresh high. Despite mixed macroeconomic statistics, the dollar index approached the 2-year high and paused near the level of 96. According to analysts, the upward rally in the US currency was sparked by Chicago Fed President Charles Evan's remarks. He reiterated that the Federal Reserve would increase interest rates twice before the end […]

A complicated geopolitical situation caused by Donald Trump's protectionism puts the US dollar under pressure. At the end of the American trading session on Tuesday, the greenback weakened. The US dollar index was trading near the level of 95.00. Experts say that the demand for the US currency is declining due to anti-Iranian sanctions and tensions in trade relations between the United States and China. These factors help the yuan gain ground. Imposing of tariffs on imports from […]

During the American session the US dollar failed to resume the upward trend and entered the flat zone. The US dollar index was fluctuating near the level of 95.20. However, the demand for the American currency is still high as the Fed is expected to hike the rate in September. Let us remind that last week the Federal Reserve left the monetary policy unchanged, noting strong economic conditions in the country. Now, traders are waiting for another […]

Last week market participants absorbed the jobs data from the United States, after which a rally of the US dollar paused. Today, the US dollar index is trying to get back to Friday's highs. Its quotes are approaching the level of 95.30. Experts say that the US inflation rate remains stable, which justifies another rate hike by the Federal Reserve. At the same time, the US dollar lacks momentum against the Japanese […]

One of the volatile trading weeks is coming to an end, with the US labor market data set to see the light of day. This is a closely watched report, which gives an indication of how robust the United States economy is. In addition to non-farm payrolls, investors are looking for signs of inflationary pressures in the average hourly earnings report. Moreover, the US non-manufacturing PMI figures are scheduled for release. On the watch of solid data, traders […]

Plans of the Federal Reserve to hike the rate remained valid, just as markets expected. Donald Trump's criticism reminded investors about the independence of the US central bank. Though the American President is discontent with increasing interest rates, the FOMC confirmed its intentions to make another round of monetary policy tightening both in September and December. Besides, the Federal Reserve gave positive estimates of the economic conditions in the country. With such a strong support, […]