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USD remains firm but gains slow – Scotiabank
The US Dollar (usd) is trading flatter against its major currency peers as DXY gains show some—tentative—signs of stalling around the 104 area (which was the upper end of the range I suggested the DXY could reach at the start of the month as the index started to show signs of gaining momentum), Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Fxstreet
Oct 22, 2024
US Dollar supported as markets cool down Fed’s rate cut cycle prospects
The US Dollar (USD) slightly retraces on Tuesday following a small sprint higher on Monday that drove the US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, to a fresh 11-week high after US equities retreated from their all-time highs.Fxstreet
Oct 22, 2024
US Dollar broadly consolidates in calm start of week
The US Dollar (USD) opens broadly flat on Monday as three main factors provide some support for the Greenback. The first one is geopolitics, with Israel’s Prime Minister Benjamin Netanyahu vowing to step up retaliations after an Iranian drone struckFxstreet
Oct 21, 2024
US Dollar extends gains as China hangs in the ropes
The US Dollar (USD) adds to gains for a fifth consecutive day when looking at the US Dollar Index (DXY), which can be seen as the benchmark for the Greenback’s performance. China’s Housing Minister said on Thursday that the country will open a 4Fxstreet
Oct 17, 2024
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