DXY, EUR/USD and GBP/USD test key levels as traders turn to U.S. PPI after softer CPI and assess the latest UK GDP data.
The American currency is moving higher as traders focus on inflation data.
DXY, EUR/USD and GBP/USD trade near key technical levels as markets await U.S. CPI for fresh clues on inflation and the Fed’s September policy outlook.
Currency markets are testing support areas in early Tuesday trading. At this point, the interest rates in America continue to play a big part.
DXY, EUR/USD and GBP/USD trade near key technical levels as markets await U.S. CPI for fresh clues on inflation and the Fed’s September policy outlook.
The American currency gains ground, supported by rising Treasury yields.
The US dollar is trying to turn things around early on Monday.
Weak U.S. payrolls pressure the dollar as markets turn to July CPI for fresh Fed clues, while EUR/USD and GBP/USD test major resistance.
The American currency is under pressure as traders reduce bets on hawkish Fed.
The U.S. dollar gets hit after a weaker-than-anticipated jobs number.
US Dollar Price Forecast: DXY trades near key support ahead of Friday’s U.S. Nonfarm Payrolls report, while EUR/USD tests resistance and GBP/USD consolidates after recent gains.
Apparent deescalation in the Gulf and lower expectations for the Fed to hike twice have been negative for the US dollar.
The currency markets have no major announcements to focus on today, so ranges are likely to be watched by most.
The US dollar trades cautiously ahead of Friday’s Nonfarm Payrolls report as investors assess Fed rate expectations, cooling labor market data, and the outlook for EUR/USD, GBP/USD, and the DXY.
The U.S. dollar steadies ahead of JOLTS job openings and ISM Services PMI, while EUR/USD and GBP/USD react to key economic data and central bank expectations.
US Dollar Index, EUR/USD and GBP/USD await NFP, JOLTS, ADP and ISM Services PMI as traders assess the Fed’s next move after last week’s rate hold.
The US dollar continues to fight back, as we are looking to resume some of the previous trends.
The U.S. dollar weakens after the Federal Reserve held interest rates steady, while EUR/USD and GBP/USD strengthen as markets assess global policy divergence.
The U.S. dollar steadies after the Fed held rates unchanged as markets shift focus to PCE inflation, EUR/USD, GBP/USD and the Bank of England meeting.