Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News
The dollar is up for a second consecutive trading day, with the narrow trade-weighted USD index posting its best level since last Tuesday, at 93.83, extending a rebound from the 25-month low that was seen on Friday at 92.55. EUR-USD concurrently ebbed below Friday's low on route to a low at 1.1717, extending the correction from Friday's 26-month peak at 1.1910. Read more
The dollar has lifted, with the narrow trade-weighted USD index posting its best level since last Thursday, at 93.70, extending a rebound from the 25-month low that was seen on Friday at 92.55. EUR-USD concurrently ebbed to a below Friday's low on route to a low at 1.1741, extending the correction from Friday's 26-month peak at 1.1910. Read more
The DXY recovered from two-year lows of 92.55 seen overnight, then rallied to 93.53 highs through the morning session. Week-end and Month end Dollar short covering appeared to be the main driver. Incoming data was mixed, leaving personal income and PCE a bit weaker then expected, the Chicago PMI better, while the final U. Read more
The dollar pared intraday declines that were largely seen ahead of the London open. The narrow trade-weighted USD index printed a fresh 26-month low at 92.59, the culmination of a 5% decline from the finishing level in June and marking just over a 10% drop from the highs seen in early March, before lifting to a rebound high at 92.97. Read more
The dollar continued lower in what is now the biggest monthly decline the U.S. currency has seen in a decade. The narrow trade-weighted USD index printed a fresh 26-month low at 92.59, the culmination of a 5% decline from the finishing level in June and marking just over a 10% drop from the highs seen in early March. Read more
The DXY printed fresh two-year lows in N.Y. on Thursday, printing a base of 93.04, after opening at 93.61. The plunge in Q2 GDP, along with the rise in both initial jobless claims and continuing claims dented sentiment overall, seeing stock slide, and Treasury yields fall to record lows. Read more
The dollar has managed a rebound from post-Fed lows, with the narrow trade-weighted USD index lifting above 93.50 after pinning a fresh 25-month low at 93.18. Speculative participants had built up a large net short dollar position going in to the FOMC, and a consequential profit taking motive has helped fuel the dollar's bounce after Fed Chairman Powell's expectedly signalled a continued commitment to ultra-accommodative policy. Read more
The dollar has managed a rebound from post-Fed lows, with the narrow trade-weighted USD index lifting above 93.50 after pinning a fresh 25-month low at 93.18. Fed Chairman Powell gave an unambiguously strong commitment to continued ultra-accommodative policy ("not even thinking about thinking about thinking raising rates"), though there were no changes in terms of the 0%-0.25% rate band, QE, or hints on forward guidance. Read more
The DXY was moderately lower though the N.Y. morning session, with trade cautious ahead of the FOMC announcement. Incoming early data saw the advance June goods trade deficit narrow more than expected, and pending home sales for June soar. The dollar headed lower following the FOMC announcement, where the statement said the ongoing pandemic "will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term." Powell started the press conference saying the path forward for the economy remains "extraordinarily" uncertain. Read more
