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The news and analysis archive

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The news and analysis archive
30
May

Canada GDP, Core PCE Price Index, UoM Consumer Sentimen...

The US dollar lost ground against most major peers on Thursday, with the dollar index (USDX) falling by 0.53% on the iFOREX platform. This weakness followed a weaker-than-expected ...

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29
May

U.S. GDP, Jobless Claims, BOE Bailey Speaks

The US dollar extended its gains for a second consecutive session, with the dollar index (USDX) rising by 0.31% to near 100.50. This uptick followed a US federal court ruling on We...

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28
May

FOMC Meeting Minutes, Richmond Manufacturing, Nvidia Ea...

The US dollar rebounded on Tuesday, with the dollar index gaining 0.64% after hitting monthly lows, despite declining US Treasury yields across the curve. Upbeat US macroeconomic d...

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27
May

U.S. Core Durable Goods Orders, CB Consumer Confidence

The US dollar continued its downward trajectory on Monday, with the dollar index (USDX) losing another 0.1% of its value. This followed President Donald Trump's reversal on his dec...

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26
May

In the week ahead: U.S. GDP, Core PCE Price Index, NVID...

The dollar index (USDX) fell 0.84% on Friday and continued to move lower in Monday's Asian session, extending its losses for a third consecutive day. This weakening of the Greenbac...

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23
May

U.S. New Home Sales, Canada Core Retail Sales, FOMC Mem...

The US dollar posted a moderate recovery on Thursday, with the dollar index recovering from a two-week low and closing 0.36% higher. The Greenback is showing signs of resilience, b...

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22
May

Eurozone, UK and US Flash Manufacturing and Services PM...

The US dollar extended its losses for a fourth consecutive session on Wednesday, with the dollar index closing 0.40% lower as market sentiment shifted away from the US Dollar on We...

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21
May

Target & Baidu Earnings, EIA Crude Oil Inventories, FOM...

The US dollar extended its losses for a third consecutive session on Tuesday, with the dollar index closing 0.35% lower. This depreciation was driven by cautious remarks from Feder...

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20
May

Canada CPI, Home Depot Earnings, FOMC Members Speak

The US dollar experienced a notable decline against major currencies last week, with the dollar index closing 0.38% lower. This weakening was primarily attributed to traders increa...

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19
May

In the week ahead:  Eurozone and US Flash Manufacturing...

The US dollar gained against major currencies last week, with the dollar index closing a fourth consecutive week higher. A surprise downgrade of the US government's credit rating t...

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16
May

U.S. Housing Starts, UoM Consumer Sentiment & Inflation...

The US dollar weakened against major currencies on Thursday, with the dollar index declining by 0.23%, resuming its downward trend for the week. This weakening of the dollar was ac...

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15
May

US PPI, Retail Sales, Jobless Claims, Fed Chair Powell ...

After fluctuating between gains and losses on Wednesday, the US dollar index edged up by 0.09% to close above the 101.00 mark, buoyed by rising US Treasury yields. Market participa...

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14
May

Cisco Earnings, U.S. Crude Oil Inventories, FOMC Member...

The US dollar weakened against major currencies on Tuesday, with the dollar index declining by 0.8% from its recently achieved one-month high. This pullback occurred as April's inf...

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13
May

German ZEW Economic Sentiment, US Core CPI, BOE Gov Bai...

On Monday, the US dollar surged against major currencies, with the dollar index climbing 1.19% to reach a one-month peak. This strengthening coincided with the ongoing focus on US-...

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12
May

In the week ahead: US Core CPI & PPI, U.S. Retail Sales...

The US dollar marked its third straight week of moderate gains, rebounding from levels last seen in March 2022 and trading just above the 100.00 mark. A key focus remained the US-C...

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9
May

FOMC Members Speak, BOE Gov Bailey Speaks, Canada Unemp...

The US dollar continued with a second day of gains climbing to monthly highs on Thursday, with the dollar index (USDX) adding 0.75% to its value crossing above the 100-point benchm...

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8
May

BoE Interest Rate, U.S. Jobless New Claims, EIA Natural...

Following the Federal Reserve's recent decision to maintain interest rates at 4.5%, which initially introduced uncertainty and weighed on the US dollar, a moderate recovery was obs...

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7
May

FOMC Statement, FOMC Press Conference, Walt Disney Earn...

Extending its post-Friday weakness, the US dollar saw a further 0.53% drop in the dollar index (USDX) on the iFOREX platform on Tuesday. This decline precedes the formal commenceme...

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6
May

Eurozone Final Services PMI, U.S. Trade Balance, AMD Ea...

Following Friday's slight dip, the US dollar continued its downward trend on Monday, experiencing a modest 0.09% decline in the dollar index (USDX) on the iFOREX platform. This fre...

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5
May

In the week ahead: ISM Services PMI, FOMC Statement, BO...

The US dollar traded moderately lower against most major currencies on friday, with the dollar index (USDX) registering small losses of approximately 0.18% on the iFOREX trading pl...

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