The American currency gains ground, supported by rising Treasury yields.
The key risk for euro bulls is that a prolonged energy shock eventually shifts the market’s focus away from higher interest rates and back toward recession risks.
The US dollar is choppy overall in early trading on Thursday, as markets try to determine their next move.
U.S. retail sales and jobless claims could reshape Fed rate expectations. See the latest outlook for DXY, EUR/USD and GBP/USD.
The American currency pulled back as PPI report missed analyst estimates.
US Dollar Price Forecast: Cooling Inflation Challenges DXY – Are GBP/USD and EUR/USD Ready to Rally?
Softer U.S. inflation reshapes Fed expectations as DXY consolidates below $101.22. See the latest outlook for EUR/USD and GBP/USD.
Meta: US dollar remains supported by hawkish Federal Reserve expectations, with traders focused on US CPI data and Fed commentary for the next directional move.
With the strikes over the weekend in Iran, it’s not a surprise to see choppy action to start the week in the currency markets.
With strong U.S. fundamentals, fiscal deficits, and reserve-currency status, the Dollar responded to FOMC minutes amid shifting risk sentiment. DXY held steady at $101.07, EUR/USD defended blue trendline support, and GBP/USD maintained bullish structure above $1.3388. Full technical analysis inside.
The US Dollar remained firm amid sticky core inflation and monetary policy divergence. DXY held at $100.79 inside a blue ascending channel while EUR/USD held $1.1440 support and GBP/USD defended $1.3422 resistance zone. Technical setups and trade ideas inside.
The ECB plans a potential full launch of digital euro in 2029.
The US dollar is a bit mixed in early trading, as we continue to watch rates.
As the US Dollar benefits from deep capital markets and safe-haven status, it held firm following FOMC minutes with DXY at $100.85. EUR/USD defended $1.1440 support while GBP/USD tested $1.3418 resistance. Actionable trade ideas inside.
Rising Treasury yields provided support to the American currency.
The dollar index (DXY00 ) is up by +0.09% today. The dollar is supported by today’s equity market slump, which has boosted liquidity demand for the currency. Also, higher crude oil prices today have pushed up inflation expectations and could persuade the Fed to keep monetary policy tight, a supportive...
September Euro currency futures present a selling opportunity on more price weakness.
The US dollar continues to move on rates, and with the attack on Iran last night, the USD rally isn’t a big surprise.
Policy and growth divergence across major economies bolstered the US Dollar ahead of today’s FOMC meeting minutes as DXY traded at $101. EUR/USD held blue trendline support at $1.1418 and GBP/USD tested resistance at $1.3360. Latest technical outlook for major pairs.
The American currency gained ground as traders focused on recent events in the Strait of Hormuz.
The US dollar remains stubbornly positive in the early hours of the Tuesday session.