Forex Market

Dollar, Yen Down

The Dollar fell on Asian Trade along with Safe-haven Yen

On Monday morning, the dollar plummeted in Asia. At the same time, the yen, another safe-haven asset, fell to its lowest level in three months. Riskier assets, such as the Australian dollar, continued to recover from a nearly one-month low as concerns about China Evergrande Group’s debt condition eased marginally. The U.S. Dollar Index, which measures the …

The Dollar fell on Asian Trade along with Safe-haven Yen Read More »

dollar

Dollar Near One-Month High as Evergrande Risks

The dollar remained close to a one-month low as investors concentrated on two significant risks—a default by Chinese property developer Evergrande and a forecast tightening of U.S. monetary policy. In early Asian trade, the dollar index was 93.226, not far from Monday’s one-month high of 93.455. The euro traded at $1.1725 after settling at a …

Dollar Near One-Month High as Evergrande Risks Read More »

Dollar rallied to a month-high Monday. How did Euro fare?

Dollar rallied to a month-high Monday. How did Euro fare?

The U.S. dollar skyrocketed to a month-high in Asia on Monday. Markets are more cautious as the fate of Chinese indebted developer Evergrande isn’t clear yet. In addition, traders are bracing for the Federal Reserve to take another step towards tapering this week. Trade thinned on the forex market due to the holidays in China, …

Dollar rallied to a month-high Monday. How did Euro fare? Read More »

dollar

Dollar Sluggish as Traders Bide Time

On Thursday, the dollar remained towards the middle of its recent range versus key peers, as traders waited for clues from next week’s Federal Reserve policy meeting. The Federal Open Market Committee’s (FOMC) two-day policy meeting, which concludes on September 22, might provide some clarity on the prospects for tapering and eventual interest rate hikes. Tapering usually …

Dollar Sluggish as Traders Bide Time Read More »

Major Currencies Traded in Tight Ranges Today. Why’s That? 

The U.S. dollar changed slightly against other major currencies on Tuesday. Investors studied U.S. inflation data later in the session for any hints on the Federal Reserve’s policy tightening timing. Today, the dollar index declined to 92.596, tumbling down from a two-week high of 92.887 reached on Monday. Traders are waiting for U.S. consumer price …

Major Currencies Traded in Tight Ranges Today. Why’s That?  Read More »

Subscribe to Our Newsletters

Have The Best Of Trade Market News Delivered Directly To Your
Mailbox. Subscribe To Receive The Latest Market News.