The U.S. dollar tumbled down in Europe on Friday to agree on U.S. infrastructure spending increased trader’s appetite for riskier currencies. However, caution ahead of key U.S. inflation data kept market losses to a minimum.
The U.S. dollar fluctuated on Thursday, trading below an 11-week high against major currencies. Investors attempted to navigate conflicting signals from Federal Reserve officials about the timing of monetary stimulus withdrawal. The dollar index stood at 91.847
The U.S. dollar was steady on Tuesday while investors were waiting for Federal Reserve Chair Jerome Powell’s comments about the agency’s further guidance. The Fed surprised the markets when it suddenly announced that it’s considering tempering the
The U.S. dollar index tumbled down on Monday after it skyrocketed due to the Federal Reserve’s sooner-than-expected hawkish tilt at the end of the last week. The Australian dollar was another big loser today. It
The U.S. dollar rallied on Friday as traders were busy closing short positions after the Fed meeting. The dollar index skyrocketed, hitting a more than two-month high of 92.010. It is currently on track for a 1.6%
The U.S. dollar continued rising on Thursday, hitting its highest level in more than two months. The U.S. Federal Reserve hinted that it would raise interest rates, along with ending emergency bond-buying sooner than expected.
The U.S. dollar skyrocketed to a one-month high against a basket of major currencies on Tuesday. New data showed inflation speeding up, boosting the greenback. However, its gains were modest as investors awaited the outcome
The U.S. dollar tumbled down slightly in early European trade on Tuesday. However, it remained near multi-week highs ahead of the Federal Reserve’s latest two-day meeting. The Dollar Index declined by 0.1% at 90.442 against
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