EUR/USD declines to 1.1550 as the Dollar gains strength despite poor US data
EUR/USD has dipped 0.33%, marking its biggest daily decline since December 2024 on Monday. US job openings fell short of expectations at 200k, and while consumer confidence has improved, concerns about the job market linger. Traders are on edge, awaiting insights from the Fed, EU inflation, as well as employment and growth data to inform […]
Canadian Dollar keeps falling before Fed rate decision
The Canadian dollar faced further declines on Tuesday as the US dollar continued to strengthen. Lack of economic data from Canada left CAD traders somewhat sidelined. The market sentiment remains bullish for the US dollar, particularly ahead of significant economic reports from the US. The Canadian Dollar (CAD) experienced its fourth straight day of losses […]
The Pound declines in value compared to the US Dollar, attention turns to the Federal Reserve’s monetary policy.
The US dollar remains strong, putting pressure on the pound sterling, which is trading weakly around 1.3350 against it. Investors are anticipating a decision from the Federal Reserve regarding interest rates on Wednesday. UK inflation is rising, which is affecting household spending. The pound sterling (GBP) is hanging around 1.3350 US dollars (USD), hitting a […]
Forex Today: US Dollar gains slow down as attention turns to US data and trade discussions
Here’s what you should know for Tuesday, July 29th: US Dollar (USD) is holding steady against other currencies after a strong performance on Monday. The July Consumer Trust Report is on the agenda in the US Economic Calendar, along with Joltz’s job openings and June’s product trade balancing data. Moreover, market watchers are likely to […]
Australian Dollar stays weak while US Dollar remains steady amidst trade optimism.
The Australian dollar is currently facing challenges as the US dollar gains traction, bolstered by optimism surrounding a trade agreement between the US and the European Union. US-China trade discussions are set to recommence on Tuesday. The Reserve Bank of Australia (RBA) is expected to closely observe employment data for June and inflation figures for […]
GBP/USD falls for a third consecutive day as the Dollar strengthens.
Market Update: GBP/USD Falls Below 1.3400 GBP/USD slipped below 1.3400 on Monday as the US dollar regained strength. The absence of significant UK economic reports has allowed US data to take center stage. Upcoming US data includes GDP figures, Federal Reserve rate expectations, PCE inflation, and a Non-Farm Payroll report. At the start of the […]
ECB advisor questions whether the digital euro can compete with US dollar stablecoins.
ECB Advisor on CBDC and Dollar-Based Stablecoins An advisor to the European Central Bank (ECB) has suggested that the central bank’s digital currency (CBDC) alone may not be sufficient to compete with the growing prevalence of dollar-linked stablecoins. In a blog post on the ECB’s website, Jurgen Schaaf laid out several strategic options for the […]
Dollar Rises on US-EU Agreement While Attention Turns to China Discussions: Market Summary
(Bloomberg) – Wall Street is experiencing its most significant rise since May, buoyed by the strengthening tariff agreements between President Donald Trump and the European Union, as well as a trade ceasefire extension between the U.S. and China. Stocks are nearing record highs while bond yields have softened. With the beginning of the week shaping […]
AUD/USD falls close to 0.6500 as US Dollar strengthens after approval of US-EU tariff deal
The AUD/USD is projected to drop to around 0.6500 as the US dollar gains strength from a trade agreement with the EU. The US plans to lower tariffs on imports from the EU to 15%. Market participants are looking forward to upcoming data from the US, along with Australia’s second quarter CPI and updates on […]
USD/JPY rises to the 138.40 range as the Dollar strengthens following trade agreements
The US has been acknowledged for reaching new highs this week, surpassing 138.40. A trade agreement between the US and its partners has strengthened the US dollar. Market anticipation of the Fed’s extended support is providing further backing for the USD. On Sunday, President Trump and European Commission President Ursula von der Leyen established a […]