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USD surges on weak European data – Scotiabank
The US Dollar (USD) is ending the week on a strong note. The DXY raced to a new, two-year high overnight in response to weak European data but has conceded a lot of those gains ahead of North American trading, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Fri, Nov 22
US Dollar surges to two-year high as Eurozone PMIs disappoint
The US Dollar (USD) jumps on Friday to its highest level in two years, with the DXY US Dollar Index popping above 108.00, as Purchasing Managers Index (PMI) data for the Eurozone signaled that the region’s economy fell back into contraction in November.Fxstreet
Fri, Nov 22
US Dollar flattens after Fed’s Williams delivers dovish comments
The US Dollar (USD) is trading flat on Thursday at around 106.50 when tracked by the DXY US Dollar Index, afterNew York Fed President John Williams said that inflation continues to cool down, opening the door for a further drop in interest rates.Fxstreet
Thu, Nov 21
Guarding against complacency in escalating Ukraine-Russia conflict – DBS
The Dollar Index (DXY) rose 0.7% to a high of 106.92 on geopolitical risks before better tech earnings fuelled a late US stock market rally and lowered the DXY to 106.65 overnight, DBS’ Senior FX Strategist Philip Wee notes.Fxstreet
Thu, Nov 21
