Browsing Tag

Dow Jones

CAD Sinks on Dovish BOC

Dollar Holding Below Resistance The US dollar has been fairly stagnant over the last 24 hours. The lack of any key US data this week has created an absence of directional drivers which has seen the USD index remain in consolidation mode…

USD Sinks On Data Weakness

USD Selling Off On Data Dump The US dollar has been a little lower over the European morning on Thursday. Following some weakness in the monthly CPI reading earlier in the week, yesterday, PPI was also lower than expected last month.…

US CPI Up Next

USD Higher Ahead of CPI The US dollar has started the day in the green with the index rallying up to 97.16 as of writing. Looking ahead today, US CPI data is the main data print today. The headline reading is expected to have grown at just…

US/China Trade Deal Signing Due

USD in Demand The US dollar has kicked off the week on a firm footing with the index rallying up to 97.21 last, just shy of the 97.26 level. Better data last week helped underpin USD, despite a weaker than expected NFP reading. US CPI…

US/Iran Tensions Dissipate

USD Rallying The US Dollar has continued its rally over the European morning on Thursday with the USD index trading up to 97.05. Yesterday, the ADP employment reading came in well above expectations at 202k vs 160k expected, fuelling…

Iran Retaliates With Missile Attack

USD Recovers The US dollar has been on a stronger footing again today. Following a small retracement lower in the index overnight, price is now trading back up to yesterday’s highs, printing 96.73 last. A stronger than expected ISM…

RBA Rate Cut Fears Growing

USD Trying to Recover The US dollar has traded just below flat over the European morning on Tuesday. However, the index is up off the week’s lows, trading 96.41 last. Looking ahead to today, traders are waiting on the release of the ISM…