Forex Today: US Dollar steadying before US NFP
Here’s what you need to know on Wednesday, February 11th. The private sector added about 65,000 jobs on average during the four weeks that ended on January 24, a notable increase from just 5,000 jobs the previous week, according to the U.S. ADP. Meanwhile, retail sales remained stagnant in December, falling short of the anticipated […]
EUR/USD reaches one-week highs against a weak US Dollar
The euro (EUR) remained largely unchanged against the US dollar (USD) on Tuesday, trading at 1.1905. It has stabilized near a one-week high following two consecutive days of gains. As the market anticipates significant US economic indicators, the dollar remains weak amid a generally optimistic sentiment. On Monday, economic adviser Kevin Hassett from the White […]
US Dollar Index remains under 97.00 after China called for limits on Treasury holdings
The US dollar index (DXY), which evaluates the dollar’s strength against six major currencies, has shown weakness for three sessions in a row, hovering around 96.80 during Tuesday’s Asian trading hours. Traders are likely to keep an eye on the US retail sales figures that will be released later in the North American session. The […]
Dollar weakens before U.S. data, yen retains its gains after election
The dollar managed to stabilize on Tuesday, avoiding a slip ahead of upcoming economic data, while the yen remained robust following Prime Minister Sanae Takaichi’s decisive victory. On Tuesday, the U.S. dollar didn’t experience a significant drop as investors awaited key economic indicators that may influence interest rate directions. Meanwhile, the yen held its ground […]
The dollar faces the threat of losing its dominance due to a rebellion in Asia.
Impact of U.S. Tariffs and the Rise of e-CNY The highest tariffs imposed by the U.S. in almost a century have had a limited effect on global economic growth so far. Nonetheless, Asian policymakers aren’t backing down. They seem to be strategizing a push against the dominance of the U.S. dollar. It’s an interesting comparison—back […]
EUR/USD rises above 1.1900 as news about China’s treasury weakens the US Dollar
The EUR/USD pair saw an increase of over 0.80% on Monday, spurred by reports that Chinese regulators have advised financial institutions to decrease their holdings in US Treasuries amid significant bond market fluctuations. Currently, the exchange rate stands at 1.1916, after bouncing back from a low of 1.1808 earlier in the day. Reduced exposure to […]
Canadian dollar rises as investors become net long for the first time in two and a half years.
Canadian Dollar Reaches 10-Day High Amid U.S. Decline The Canadian dollar gained ground on Monday, climbing to a 10-day peak as the U.S. dollar faced a significant drop. This shift came after data revealed that speculators were net bullish on the Canadian currency, a first in two-and-a-half years. Trading was up by 0.8% at $1.3565 […]
US dollar drops significantly despite data indicating increased short positions
US Dollar Faces Pressure Amid Employment Data Concerns This week, the US dollar is experiencing notable pressure. Last week, several missteps were identified in the employment statistics. ADP ISM service Challenger headcount reduction Initial unemployment claims Market trends suggest a flight from the US dollar ahead of an unusual non-farm payrolls release scheduled for Wednesday. […]
The White House expresses a desire for a strong US dollar, but investors remain hesitant.
In 2025, the US dollar experienced its steepest annual drop in eight years. Even though some officials from the Trump administration maintain a commitment to a “strong dollar,” investors seem to have their doubts. Despite some recent improvements, the dollar index (DX-Y.NYB) has declined roughly 1% since the year’s start, and it’s projected to be […]
US Dollar Outlook: DXY Declines as Risk Recovery Softens Safe-Haven Interest
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