Category: Forex news

USD CHF reveals some chink
Forex news

USD/CHF Reveals Some Chink

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

Lira drops for the ninth day
Forex news

Lira Drops for The Ninth Day

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

USD JPY goes even higher
Forex news

USD/JPY Goes Even Higher

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

Dollar scores two-decade highs
Forex news

Dollar scores two-decade highs

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 stays near a two-decade high
Forex news

The dollar stays near a two-decade high

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

Dollar steadies under 20-year high
Forex news

Dollar steadies under 20-year high

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.

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