archiveDollarIndex

In a pre-taped interview with Fox News’ “Sunday Morning Futures”, US President Donald Trump expressed his concerns about his ‘big, beautiful’ spending bill and unfair Japanese auto trade.On passing the bill by his July 4 target date, he said: “I don’t know. I mean, I can’t tell you that.”“I’d like to say, yes. But the problem is if we’re two days late or five days late, everybody says, ‘Oh, you had a tremendous failure,’” he noted further.Speaking on the $9 trillion US debt that is set to mature this year,...

USD/CAD strengthens as the direct involvement of the US in Middle East tensions has increased the safe-haven demand.US President Trump confirmed that Washington’s military forces have launched airstrikes on Iran.The Oil price is expected to benefit from rising Oil prices.The USD/CAD pair extends its winning streak for the fifth trading day on Monday. The Loonie pair gains as demand for safe-haven assets, such as the US Dollar (USD), has increased after the direct involvement of the United States (US) into the aerial war between Israel and Iran over the weekend.The...

US Dollar Index depreciates, possibly driven by a technical correction.The Greenback may regain ground due to the potential threat of US direct involvement in the Middle East conflicts.Fed Chair Powell cautioned that ongoing policy uncertainty will keep the central bank on hold.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second successive day and trading lower at around 98.70 at the time of writing. Traders will likely gauge the Fed's Monetary Policy Report, scheduled for...

The US Dollar Index continues to advance as a federal court blocked Trump’s "Liberation Day" tariffs from taking effect.US Gross Domestic Product Annualized is expected to fall again by 0.3% in the first quarter.FOMC Meeting Minutes indicated that Fed officials broadly agreed that heightened economic uncertainty warranted a cautious approach to adjusting rates.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the third successive day and trading more than 0.50% higher around 100.30 during the Asian...

The US Dollar is making a turnaround this Tuesday, snapping its losing streak. Some support for the Greenback with the Fed confirming steady interest rates. The US Dollar Index heads above 99.00 in search of the 100.00 figure. The US Dollar Index (DXY), which tracks the performance of the Greenback’s value against six major currencies, is tying up some minor gains, trading around 99.40 at the time of writing this Tuesday. The stronger Greenback has emerged right at the end of Asian trading hours, after the Japanese Ministry of Finance (MoF)...

US Dollar Index rebounds from Monday’s five-week low of 98.70.The Greenback appreciates as 10- and 30-year US Treasury yields are trading lower at 4.46% and 4.97%, respectively.President Trump's “One Big Beautiful Bill” is on the way to the Senate floor for Voting.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its recovery from a five-week low of 98.70, recorded in the previous session. On Tuesday, the DXY is trading around 99.30 during the European hours.The Greenback receives support as...

The US Dollar finds primary support at the lower boundary of the descending channel around 98.70.Technical analysis indicates a persistent bearish bias as the RSI stays below the 50 level.The nine-day EMA of 99.68 appears as the initial barrier, followed by the ascending channel’s upper boundary around 100.00.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent losses from the previous session. The DXY is trading around 98.80 during the Asian hours on Tuesday.On the daily chart, technical...

NZD/USD refreshes six-and-a-half month high near 0.6030 ahead of the RBNZ policy meeting on Wednesday. The RBNZ will likely cut its Official Cash Rate (OCR) by 25 bps to 3.25%. US President Trump suspends 50% tariffs on the EU until July 9. The NZD/USD pair posts a fresh six-and-a-half-month high near 0.6030 against the US Dollar (USD) at the start of the week. The Kiwi pair strengthens as the New Zealand (NZD) outperforms across the board ahead of the Reserve Bank of New Zealand’s (RBNZ) interest rate decision, which will...

The Money Metals quarterly bar chart race on the evolution of global international reserves is out. Recently, gold overtook the euro, and soon will be challenging the dollar! In the video by world-renowned gold analyst at Money Metals, Jan Nieuwenhuijs, we explore world reserve currencies from 1950 to 2024.  Such currencies in this comprehensive analysis include gold, the US dollar, British sterling, the Deutsche mark, the French franc, the euro, the Chinese renminbi, the Japanese yen, and “other FX” (e.g., the Swiss franc). https://www.youtube.com/watch?v=mWSaEf-DTJc The race is off… and in...

The US Dollar Index struggles as traders adopt caution due to growing debt concerns in the United States.The House of Representatives has advanced Trump's “One Big Beautiful Bill” to the Senate floor.US 30-year bond yield retreated after hitting 5.15% on Thursday, the highest in 19 months.The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, depreciates toward two-week lows. At the time of writing, the DXY is trading around 99.60, remains under pressure as the 30-year yield on US Treasury bond is...