TAG: c-usd-cad
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats After Dovish PPI Report
U.S. DollarDXY 130824 4h ChartU.S. Dollar Index pulls back as traders react to Producer Prices report. PPI increased by 0.1% month-over-month in July, compared to analyst consensus of +0.2%. Core PPI was unchanged on a month-over-month basis, while analys...
2 months ago
US Dollar Index (DXY) News: Dollar Slips as Rate Cut Expectations Rise After CPI Data
Dollar Weakens as Inflation Data Fuels Rate Cut ExpectationsThe U.S. Dollar traded lower against major currencies on Wednesday following the release of key inflation data. Traders are increasingly betting on a Federal Reserve rate cut in September, puttin...
2 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back As Inflation Rate Falls To 2.9%
U.S. DollarDXY 140824 4h ChartU.S. Dollar Index is losing some ground as traders react to inflation data. Inflation Rate declined from 3% in June to 2.9% in July, compared to analyst consensus of 3%. Core Inflation Rate decreased from 3.2% to 3.3%, in lin...
2 months ago
US Dollar Index (DXY) News: Bullish Momentum as Treasury Yields Surge on Strong Retail Data
U.S. Dollar Rises as Treasury Yields Surge on Strong Retail Sales DataThe U.S. Dollar Index (DXY) surged on Thursday, bolstered by a sharp rise in Treasury yields following unexpectedly strong retail sales data for July. The robust economic indicators hav...
2 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As Retail Sales Exceed Expectations
U.S. DollarDXY 150824 4h ChartU.S. Dollar Index gains ground as traders react to the strong Retail Sales report. The report indicated that Retail Sales increased by 1% month-over-month in July, compared to analyst consensus of +0.3%. Initial Jobless Claim...
2 months ago
US Dollar Index (DXY) News: Greenback Slips as Treasury Yields Drop Amid Economic Concerns
U.S. Dollar Weakens as Housing Data and Treasury Yields Weigh on SentimentThe U.S. Dollar Index (DXY) faced downward pressure on Friday, driven by weaker-than-expected housing data and a decline in U.S. Treasury yields. These developments sparked concerns...
1 month ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats As Housing Starts Drop 6.8%
U.S. DollarDXY 160824 4h ChartU.S. Dollar Index is moving lower as traders react to Michigan Consumer Sentiment report. The report indicated that Consumer Sentiment increased from 66.4 in July to 67.8 in August, compared to analyst consensus of 66.9. Toda...
1 month ago
The Week Ahead: Private Sector PMIs and the Jackson Hole Symposium in Focus
The US DollarThe US dollar faces a crucial week after a volatile two weeks.On Wednesday, the FOMC Meeting Minutes will draw interest. Clues on the Fed’s stance regarding interest rate cuts need consideration. Views on inflation and the labor market will b...
1 month ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests Multi-Month Lows
U.S. DollarDXY 190824 4h ChartU.S. Dollar Index is losing ground as traders bet on dovish Fed. There are no important economic reports scheduled to be released in the U.S. today, so traders will stay focused on general market sentiment.Currently, U.S. Dol...
1 month ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Lows As Traders Focus On Falling Treasury Yields
U.S. DollarDXY 200824 4h ChartU.S. Dollar Index tests new lows as traders focus on the strong pullback in Treasury yields. The yield of 2-year Treasuries declined towards the 4.00% level, while the yield of 10-year Treasuries settled below 3.85%.U.S. Doll...
1 month ago
US Dollar Index (DXY) News: Market Bears Eyeing Jackson Hole as USD Hits Year-Low
U.S. Dollar Hits Year-Low Against EuroDaily EUR/USDThe U.S. dollar (USD) reached its lowest level this year against the euro on Wednesday as traders prepared for significant U.S. payroll data revisions and awaited Federal Reserve Chair Jerome Powell’s spe...
1 month ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats Ahead Of FOMC Minutes
U.S. DollarDXY 210824 4h ChartU.S. Dollar Index tests new lows as Treasury yields continue to move lower. The yield of 2-year Treasuries declined below the 3.95% level, while the yield of 10-year Treasuries settled below 3.80% level.From the technical poi...
1 month ago
US Dollar Index (DXY) News: Market Eyes Fed’s Next Move – Dollar’s Fate at Stake
Dollar Gains Ahead of Powell’s Speech; Euro and Gold RetreatThe U.S. dollar traded higher on Thursday, recovering some ground but remaining near its lowest levels in over a year against the euro and sterling. This rebound comes as traders position themsel...
1 month ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As Composite PMI Beats Expectations
U.S. DollarDXY 220824 4h ChartU.S. Dollar Index gains ground as traders react to PMI reports. Manufacturing PMI declined from 49.6 in July to 48.0 in August, compared to analyst forecast of 49.6. Services PMI increased from 55.0 to 55.2, while analysts ex...
1 month ago