Category: Forex news

Since then, the pair has ripped off six straight-up weeks that have seen the pair move from a low of 0.9194 to a high on Monday at 1.00637. This week, as mentioned, the USD/CHF pair

State-owned banks sold more than $1 billion to support the currency over the past two days. Still, according to traders who asked not to be identified, the pace of interventions slowed on Tuesday because they were

Looking at the hourly chart, the price of the USD/JPY moved above its 100-hour moving average (blue line in the chart above) in the Asian session and continues to hold support against that moving average

Data on Wednesday showed U.S. consumer price growth hindered sharply in April, indicating that inflation had probably peaked, though it was likely to stay hot. The data demonstrated the Federal Reserve’s expectations for further aggressive

The dollar index, which gauges the currency versus six rivals, fell slightly to 103.81 but is still not far from the high of 104.49 reached at the beginning of the week for the first time

At 3:05 AM ET (0705 GMT), the Dollar Index, which follows the dollar against a basket of six other currencies, inched higher to 103.725, having climbed as high as 104.19 overnight, a new 20-year peak.

The U.S. dollar rebounded on Thursday after lowering in the previous session. However, it still remained below the 20-year highs reached last week, a day after the Federal Reserve confirmed that it would take aggressive

The dollar index declined further from its 20-year highs on Wednesday. The forex market had already priced the U.S. Federal Reserve to raise interest rates by a half-point later in the day, as well as