© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Brigid Riley and Alun John TOKYO/LONDON (Reuters) -The U.S. dollar hit a three-month low against a basket of peers on Tuesday before steadying, as traders continued to unwind long dollar positions before this week’s U.S.
Share: AUD/USD rallies near 0.6600, continuing its upward trajectory on the back of a buoyant market mood. Mixed US economic reports fuel speculation of a potential Fed policy shift despite recent hawkish remarks. Upcoming economic, including RBA speeches and key US data, are set to offer fresh impetus to AUD/USD traders. The AUD/USD
© Reuters. The Australian dollar reached a three-month peak against the US dollar today, trading at 0.6591, buoyed by a combination of positive market sentiment and waning US dollar strength. The shift in currency dynamics follows the release of mixed economic indicators from the United States. Today’s reports showed an expansion in the US services
© Reuters. LONDON – The yuan and Australian dollar ascended to three-month peaks today, buoyed by strategic moves from China’s central bank and a softening U.S. dollar, which hit a two-month low with the falling to 103.64. This comes as market consensus grows around the belief that U.S. interest rates may have topped out following
© Reuters. FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo By Hannah Lang and Kanjyik Ghosh (Reuters) -Bitcoin, the world’s largest cryptocurrency, hit a three-month high on Monday, rising 3.62% to $31,087 amid investor enthusiasm about the possibility
Share: GBP/USD remains flat around 1.2500, near a three-month low hit on Wednesday. The pair holds below the 50- and 100-hour EMAs on a one-hour chart. The first support level is located at 1.2465; immediate resistance level is seen at 1.2515. The GBP/USD pair consolidates its recent losses around 1.2500 during the Asian
© Reuters. Investing.com – The U.S. dollar gained in early European trade Tuesday, as traders turned to this safe haven after disappointing Chinese services activity hit risk-taking sentiment. At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% higher at 104.382, close to three-month
Share: Powell’s hawkish tone on inflation and potential for further rate hikes propels USD/CAD to a three-month high of 1.3640, currently trading at 1.3613. Philadelphia Fed’s Patrick Harker adds fuel to the fire, stating rates are already restrictive and may need to rise further if inflation stalls. Lackluster Canadian retail sales data at
Share: Fed officials unanimously aim for the 2% inflation target, but divisions arise on the next steps. The US Dollar Index (DXY) reflects the greenback’s strength, rising 0.29% to 103.497, supported by rising US Treasury bond yields. USD/CAD’s bullish momentum is evident as it trades above the 200-day Moving Average, with key levels
Share: Analysts at Rabobank see the US Dollar appreciating against the Euro and the Pound over the next few months. They point out that the relative resilience of the US economy suggests that it will be some time before monetary policy is eased. Key quotes: “Fitch’s decision to downgrade the US credit rating
