Dollar struggles continue in European trading today – ForexLive
Well, the rise in EUR/USD was certainly faster than I thought. The pair is currently already moving to test water bodies above the 1.0700 mark. Currently, we test the daily resistance of the key from a 50.0 FIB retracement level of 1.0695 and immediately reach a 200-day moving average (blue line) at 1.0725. EUR/USD Daily […]
Dollar hits four-month low as Trump warns tariffs will cause ‘a little disturbance’, European shares rally after German debt brake deal – business live | Business
AUD/USD jumps to near 0.6230 as US Dollar tumbles, upside remains capped – FXStreet
The Australian rebounded at about 0.67%, lifting the pair towards 0.6245, under the negative outlook last week. The Federal Reserve is betting firmly after softening US personal spending data. President Donald Trump will repeat that he will double China's tariffs to 20%. The tariff stalemate has expanded to Mexico and Canada, with no negotiations, according […]
Gold News: US Tariff Threats and Weaker Dollar Fuel Safe-Haven Demand – FX Empire
Daily US Dollar Index (DXY)The weaker US dollar supports gold as the Dollar Index has dropped by 0.6% from its recent two-week high. This decline makes gold more attractive to foreign buyers and strengthens the safe haven demand. Investor sentiment is also driven by an escalating trade tension. President Trump threatened a 10% tariff on […]
Pound Sterling recovers against US Dollar on potential Ukraine peace plan – FXStreet
Sterling of the pound rises to nearly 1.2600 against the US dollar due to the positive development of the Russian-Ukraine peace halt. There is a growing fear of President Trump's tariffs on Canada, Mexico and China. BOE is expected to follow a careful and progressive approach to measuring policy. Pound Sterling (GBP) has acquired its […]
EUR/USD: Euro Pressured by Flexing Dollar, Slides Under $1.04 to Cross 50-Day MA – TradingView
Key Points: Euro slips to $1.0370 Oval Office Drama This week's event Illustrations by TradingView Traders gave up hope for a stronger European currency after Friday's meeting with Trump and Zelensky. ✔✔️ Euro flips the script Eurusd The pair were trying to find the groove on Monday morning. The old continental currency exceeded its 50-day […]
Australian Dollar declines as US Dollar strengthens ahead of PCE inflation data release – FXStreet
The Australian dollar has weakened as Trump reaffirmed his plan to impose an additional 10% tariff on Chinese imports. On February 4th, US President Trump introduced new tariffs on Chinese products, bringing the total tax to 20%. US GDP rose 2.3% per year in the fourth quarter of 2024, meeting market expectations. The Australian Dollar […]
Pound Sterling weakens against US Dollar as US Durable Goods Orders data beats estimates – FXStreet
Pound Sterling will drop to nearly 1.2640 against the US dollar after strong US durable goods order data in January. President Trump said he will soon release details of tariffs in the eurozone. Investors are awaiting the Trump Starmer Conference and US PCE inflation data. Pound Sterling (GBP) will slide to nearly 1.2640 against US […]
Australian Dollar extends losing streak as US Dollar holds gains amid increased risk aversion – FXStreet
The Australian dollar will be depreciated on Thursday following unfortunate private capital expenditures. Private capital expenditures in Australia, unexpectedly contracted by 0.2% QOQ in the fourth quarter of 2024, did not meet the market expectations for growth of 0.8%. The US dollar continues to strengthen as traders assess the economic performance and tariff outlook. The […]
Dollar claws back losses on renewed tariff worries – Yahoo Finance
By Ray Wee SINGAPORE (Reuters) – After President Donald Trump said tariffs in Mexico and Canada went as planned, it fell to a low in more than two months at the beginning of the week, supported by a safe haven flow. The dollar rose on Tuesday. The stronger dollar leaves the euro at $1.0461 at […]