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The perspective of inflation persisting for longer
FOREX The US dollar index is trading almost flat on the day, as the European session gets underway. The greenback had a poor run in November, with many expecting the Fed to pivot from its current hawkish stance towards a more market-friendly posture. However, recent positive US data showed the American economy is still running[…]
The US dollar index is on its third consecutive session in the green
FOREX The US dollar index is on its third consecutive session in the green, hedging up as the European trading session gets underway. After dropping around 5% in November, its worst monthly performance in more than 10 years, the greenback is being sought by investors spooked by the prospect of a hard landing for the[…]
The US dollar index touched the lowest level since June
FOREX The US dollar index touched the lowest level since June, during early Monday trading. The greenback has been under pressure, devaluing 5% in relation to a basket of other major currencies during the month of November. With risk appetite improving in global markets, following the relaxation of Covid-control measures in several Chinese cities, the[…]