Dollar rallies as weak economic data sinks euro By Reuters

© Reuters. U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File photo By Harry Robertson LONDON (Reuters) – The dollar rose on Tuesday after briefly falling to a one-month low on the back of a drop in U.S. bond yields, as weak economic data sent the euro sliding. Survey data

Israel shekel sinks to lowest since 2016, default insurances soars By Reuters

© Reuters. FILE PHOTO: New Israeli Shekel banknotes are seen in this picture illustration taken November 9, 2021. REUTERS/Nir Elias/Illustration/File Photo LONDON (Reuters) – Israel’s shekel hit its weakest level since early 2016 and the cost of insuring the country’s sovereign debt against default soared on Tuesday after a bloody weekend assault by Hamas militants

Argentina’s beleaguered peso sinks to new low as election looms By Reuters

© Reuters. FILE PHOTO: A one hundred Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. REUTERS/Agustin Marcarian/Illustration/File Photo By Jorge Otaola and Walter Bianchi BUENOS AIRES (Reuters) – The free-fall of Argentina’s troubled peso showed no signs of slowing on Tuesday, with

Rand Sinks to Key Resistance Zone

RAND TALKING POINTS & ANALYSIS Hawkish Fed & poor local data weighs negatively on rand. Fed’s Bostic in focus later today. Possible ascending triangle breakout on USD/ZAR daily chart. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/ZAR FUNDAMENTAL BACKDROP The

EUR/USD Sinks to Support, Hangs on For Dear Life, EUR/GBP Stuck

To gain a more comprehensive understanding of the euro‘s technical and fundamental outlook for the fourth quarter, we invite you to download your complimentary trading guide today. It’s packed with valuable insights! Recommended by Diego Colman Get Your Free EUR Forecast EUR/USD ANALYSIS EUR/USD fell sharply on Monday, weighed by broad-based U.S. dollar strength amid

Asia FX sinks, dollar hits five-week high as U.S. inflation rises By Investing.com

© Reuters Investing.com — Most Asian currencies sank on Monday, while the dollar rose to a five-week high as a stronger-than-expected U.S. inflation reading drove up fears that the Federal Reserve could keep raising interest rates. Concerns over worsening economic conditions in China also kept sentiment towards Asian assets dim, especially amid reports of a

Australian Dollar sinks after dismal Chinese trade data

Share: Australian Dollar returns to its bearish course after China releases below-expectations trade figures for July. The data suggests Chinese demand for Australian raw materials will lessen. The US Dollar rises on increased safe-haven buying following the poor data.  The Australian Dollar (AUD) dives to new monthly lows against the US Dollar (USD)

USD/MXN sinks after a soft US Nonfarm Payrolls report, risk appetite improvement

Share: USD/MXN drops more than 1.50%, but clings to the 17.0000 psychological level. US jobs data came soft, thus decreasing the chances for additional tightening by the Federal Reserve. Upcoming economic data includes the US inflation report, Balance of Trade, and Fed speakers, while in Mexico, Consumer Confidence and inflation rate will be

Asia FX under pressure, Aussie sinks as RBA holds rates By Investing.com

© Reuters. Investing.com — Most Asian currencies moved in a tight range on Tuesday as anticipation of key U.S. data this week boosted the dollar, while the Australian dollar slumped as the Reserve Bank held interest rates steady.  The greenback saw increased bids in Asian trade as overnight data showed that U.S. credit conditions were