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The dollar is hedging down, remains close to 20-year maximum
FOREX The US dollar index is hedging lower during early Monday trading. However, the greenback remains close to the 20-year maximum reached earlier in the month, with a gain of more than 2% so far during the month of June. The outlook for the US currency remains tilted to the upside, as the Fed’s commitment[…]
The euro is trading in the green during early Friday session
FOREX The euro is trading in the green as Friday’s session gets going in Europe, recovering some of the ground lost during the previous day. The single currency dropped 0.44% in relation to the US dollar on Thursday, following the publication of disappointing German and French PMI. The situation in Europe requires careful handling by[…]
The greenback lost ground following comments from Jerome Powell
FOREX The US dollar bounced back during early Thursday trading, recovering the losses suffered after Jerome Powell spoke to the US senate. The greenback lost ground to other major currencies after the Chairman of the Fed defended the need to curb inflation, acknowledging the risk of such policies triggering a recession. The markets reacted immediately,[…]