The USD Index (DXY), which tracks the greenback vs. a bundle of its rival currencies, trades with modest losses in the 99.80/70 band ahead of the opening bell in Euroland on turnaround Tuesday. USD Index now looks to data The index sheds ground for the second session in a row and extends the pessimism seen at […]

The USD/CAD pair struggles to gain traction on Tuesday, backed by the prevailing US Dollar selling bias. The major pair currently trades around 1.3185, down 0.09% on the day.  The Federal Reserve Bank of New York reported Monday that the NY Empire State Manufacturing Index dropped from -5.5 to 1.1, above expectations of -3.5. The US Dollar […]

Risk appetite appears mostly sluggish during early Tuesday even as traders from Tokyo return after a long weekend. The reason could be linked to the cautious mood ahead of the US data, as well as mixed headlines about the key risk areas. While portraying the mood, the S&P500 Futures dribble at the highest level since April […]