The Euro (EUR) maintains its bearish stance against the US Dollar (USD) for yet another session, prompting EUR/USD to dispute the key support at the 1.0700 yardstick on Thursday. On the USD-side, the Greenback trades in the area of multi-month peaks near the 105.00 hurdle when gauged by the USD Index (DXY) amidst the small knee-jerk move in yields across […]

Wider risk aversion in global markets is supporting the US dollar index after yesterday’s better-than-expected ISM. The Fed’s so-called Beige Book was also published yesterday, here are the key findings from it: Economists raised their GDP forecasts after the latest wave of macro data proved stronger in every category, from consumer spending to residential investment. The […]

AUD/USD extends its losses, trading lower around 0.6380 during the Asian session on Wednesday. The pair experiences downward pressure due to the firmer US Dollar (USD) as investors appear to be increasingly accepting the reduced likelihood of an interest rate hike by the US Federal Reserve (Fed) during the upcoming September policy meeting. However, Australia’s […]

The EUR/USD pair remains under selling pressure near 1.0732 during the early Asian session on Wednesday. The Euro is weakened against the US Dollar (USD) amid fears of a recession in the Eurozone following the weaker economic data. Data released by the Eurostat revealed on Tuesday that producer prices in the Eurozone fell for the […]

The Mexican Peso (MXN) extends its downside against the US Dollar (USD) during the early European session on Tuesday as the Bank of Mexico will reduce its currency hedging program to tame volatility in the market. USD/MXN currently trades near 17.25, gaining 0.45% on the day. According to the daily chart, USD/MXN holds below the key 100-day […]

EUR/GBP remains on the front foot around 0.8550 as it reverses the week-start losses heading amid the early hours of the European session on Tuesday. In doing so, the cross-currency pair struggles to justify the European Central Bank (ECB) statements amid mixed signals from the UK spending clues. Also likely to challenge the pair traders […]

The USD Index (DXY), which tracks the greenback vs. a bundle of its main rival currencies, manages to pick up some pace and reclaim the 104.30 region on Tuesday. USD Index retargets the 104.50 zone The index leaves behind Monday’s small pullback and flirts with the 104.30 region on turnaround Tuesday amidst a mild improvement in […]