Browsing Tag

us dollar index

US Index Looks Undervalued

Recent developments saw the Fed slashing rates further while pledging to increase its bond holdings by $700 billion. The King Dollar fell at the start of the recent financial turmoil. After peaking up to just shy off the triple-digit…

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…

Strong Start For The Dollar

USD Rallying on Monday The US dollar has continued to rally over the European morning on Monday with the index breaking above the 97.42 level. Data strength at the end of last week is keeping USD bid here. With no tier-one US data…

GDP Crushed By Data Miss

USD Riding High The US dollar is ending the week on a much better note than it started. Stronger than expected data yesterday (retail sales & Philly Fed both better beat) has helped lift the dollar into the end of the week. USD index…