Category: Forex news

The dollar fell to its lowest level in nearly a month versus key competitors on Friday. The dollar index, which compares the greenback to six other currencies, fell 0.04 percent to 92.193 after reaching 92.189

The U.S. dollar plummeted down to its lowest level in almost a month versus its major rivals on Friday. Investors are now waiting for a crucial U.S. jobs report that could cause the Federal Reserve

 The dollar traded near its multi-week lows on Thursday. Softer-than-expected U.S. labor data pressured the currency while investors awaited a more informative jobs report. Analysts expect the latter to guide the timing of the Federal

The strength of the US dollar is influencing the Canadian dollar. This morning, sentiment is somewhat pessimistic, owing to yesterday’s lower-than-expected ADP employment report. According to ADP, the United States gained 374,000 jobs in August.

On Wednesday, the euro consolidated gains below a near one-month high as higher-than-expected inflation data pushed up bond yields. This pushed speculators to cover bearish bets on the single currency. Data released on Tuesday showed

On Tuesday, the dollar was trading at three-week lows versus a basket of currencies, as investors awaited U.S. jobs data later this week for hints on stimulus reduction timing. After Jerome Powell stated that the