News
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US Dollar ticks higher after weak consumer sentiment offsets broader data disappointment
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading slightly higher at around 101.00 on Friday after a softer-than-expected University of Michigan Consumer Sentiment survey added to a week of mixed US economic data.Fxstreet
Fri, May 16
Dow Jones Industrial Average tests higher despite slump in consumer sentiment
The Dow Jones Industrial Average (DJIA) stepped into fresh weekly highs on Friday after investors shrugged off the second-worst print from the University of Michigan’s (UoM) Consumer Sentiment Index on record.Fxstreet
Fri, May 16
US Dollar Index (DXY) Price Forecast: Seems vulnerable near 100.70; break below 200-period SMA on H4 awaited
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, trades with a negative bias for the second straight day on Friday, though the intraday downtick lacks bearish conviction.Fxstreet
Fri, May 16
Dow Jones gains ground as PPI beat boosts investor confidence
The Dow Jones Industrial Average (DJIA) pared early-week losses and rose about 200 points on Thursday. Equities were bolstered by a better-than-expected Producer Price Index (PPI) inflation print that showed upstream inflation effects are still cooling at a faster rate than initially expected.Fxstreet
Thu, May 15
US Dollar steadies ahead of US economic data, Fed Powell’s speech
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is catching its breath and trades slightly lower just below the 101.00 level at the time of writing on Thursday, ahead of a chunky United States (US) economic calendar.Fxstreet
Thu, May 15
US Dollar Index holds losses below 101.00 ahead of key US economic data
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is trading lower at around 100.90 during Thursday's Asian session. The Greenback remains under pressure as investors assess ongoing trade-related uncertainties, despite a recent easing in tensions.Fxstreet
Thu, May 15
US Dollar softens as Gold slides below $3,200 on risk rebound
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, softened near 100.60 on Wednesday as cooler-than-expected inflation and news of ongoing US-South Korea currency discussions pressured the Greenback.Fxstreet
Wed, May 14
USD extending weakness as markets focus on US/Korea talks, US bias – Scotiabank
The US Dollar (USD) is weakening broadly into Wednesday’s NA session, extending Tuesday’s CPI driven-decline and retracing most of its US/China-trade related relief gains from the start of the week, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Wed, May 14
US Dollar Index Price Forecast: Tests 100.50 support, with nine-day EMA providing backing
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is losing ground for the second successive session, trading near 100.50 during the European hours on Wednesday.Fxstreet
Wed, May 14
Implications of the US inflation figures – Commerzbank
The US Dollar (USD) depreciated significantly yesterday following the weaker-than-expected US inflation data. At first glance, this may seem logical. After all, subdued inflationary pressure favours potentially faster interest rate cuts by the Fed. However, the reaction was anything but trivial.Fxstreet
Wed, May 14
US Dollar Index holds losses around 101.00 as inflation reduces in April
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, remains subdued for a second consecutive day, hovering around 100.90 during Wednesday’s Asian session. The Greenback weakened following softer-than-expected US inflation data.Fxstreet
Wed, May 14
