Forex News Category

Dollar Elevated; Fed in Limelight on Inflation Surge   The dollar slightly higher in early European trade Thursday, with the U.S. currency supported by concerns of an earlier than expected Federal Reserve response to inflationary pressures in the wake of the worryingly large jump in U.S. consumer prices. The U.S. Dollar Index Traces the greenback

Dollar slightly Up; Inflation Data Appears Healthy ⁣ The dollar is a gainer with up in early European trade Wednesday although, remains near recent lows ahead of a key U.S. inflation release.  The Dollar Index, which traces the U.S. Dollar versus a basket of six other currencies, was up 0.2% at 90.287. EUR/USD traded 0.2%

Dollar Up, Commodity Currencies Restrict Gains   The dollar gains in early European trade Tuesday, however, gains were completed by the strength of commodity currencies on the back of rises in the prices of oil and base metals. The U.S. Dollar Index traces the greenback against a basket of other currencies crawled down 0.06% to

Dollar Soothes after Beating U.S. Jobs Report   The U.S. dollar aided losses near 2-1/2 month lows on Monday as a bitter U.S. employment report advised investors to unwrap their increasing long positions in the U.S currency. The United States developed a little more than a quarter of the jobs that economists had anticipated last

Dollar Tumbles as Risk Tolerance Increases, Pound constant before BoE   The dollar slipped from a two-week high on Thursday as global market risk appetite improved, on the other hand, traders concentrated on a Bank of England meeting and economic data that might give some hints on when the U.S. Federal Reserve sway dial back