Forex Today: US Dollar pinned around seven-month lows – by fx_ross DollarIndex Fed Currencies GDP
2, as concerns about a US recession and prospects of a less aggressive Federal Reserve spooked investors away from the greenback. This led to widespread volatility on the day across both commodities and the forex space with Gold price, in particular, flying around as the Euro ran higher on the back of hawkish commentary from the Europen Central Bank officials.
Meanwhile, ECB Governing Council hawks have been calling for 50bp rate hike. This has seen the Euro reach as high as $1.0927 vs. the dwindling US Dollar and to trade at its highest level since April last year. The Euro Stoxx 50 rose 0.8%. The Great British Pound was pressured to a seven-month high against the US Dollar despite recent data showing that the British economy was performing better than feared. Nevertheless, the bears were on board and took the Pond Sterling to a low of 1.2323. was treading water while investors held off from making major bets ahead of a Bank of Canada interest rate decision balancing around 1.3380 to the greenback and pulling back from its strongest intraday level since Jan. 13 at 1.3343.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Forex Today: US Dollar struggles to recover despite cautious market moodForex Today: US Dollar struggles to recover despite cautious market mood – by eren_fxstreet Currencies Majors Macroeconomics Commodities CryptoCurrencies
Lire la suite »
Weekly Forex Forecast \u2013Gold, EUR/USD, GBP/USD, BitcoinThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week.
Lire la suite »
EUR/USD Forex Signal: Unclear Bullish Breakout Will Be Susta$EURUSD Forex signal: The technical picture continues to be bullish, with the price action having printed higher support levels over recent days
Lire la suite »
USD/JPY Forex Signal: Death Cross Forms on the 1D ChartThe USD to JPY exchange rate has been in a strong downward trend in the past few months. USDJPY
Lire la suite »
US Dollar Index: Fed hawks fell short of impressing DXY bulls, US Q4 GDP eyedUS Dollar Index (DXY) stays depressed for the fourth consecutive day as sellers poke the 101.90 level during early Monday. In doing so, the greenback’
Lire la suite »
WTI snaps two-day winning streak above $81.00 despite softer US DollarWTI crude oil fades upside momentum after a two-week uptrend, down 0.65% intraday near $81.30 during early Monday, as the market’s inaction allows ene
Lire la suite »