US dollar continues to decline: What lies ahead for the greenback and remitters in the UAE?
US Dollar Declines Further Dubai: The US dollar continues its downward trend, recently reaching a three-year low. Analysts indicate there’s potential for further decline, as the value of the dollar slipped even more on Monday. The US dollar fell another 0.3% this week, driven by increasing political uncertainty in Washington and ongoing discussions in the […]
GBP/USD sheds 1.34 amid Greenback rebound – FXStreet
GBP/USD turned bearish, dropping below 1.34 on Wednesday. The market has scaled back its recent bullish tilt towards the pound. The US dollar recovered as investors considered the current state of the US economy. GBP/USD traded unusually close on Wednesday, dropping sharply below 1.3400 as the broader market retreated from risk appetite. The British pound […]
EUR/USD grapples with higher ground as Fed cuts weigh on Greenback – FXStreet
EUR/USD traded at the 1.1150 level on Thursday. Broad-based dollar selling has led to bullish trends in U.S. dollar-based currency pairs. Eurozone data remains weak as markets focus on Fed rate cuts. EUR/USD made higher highs on Thursday and held firm above the 1.1150 level, but most of the bullish momentum for this pair is […]
US Dollar (DXY) Index News: Greenback Slips as PCE Data Sparks Rate Cut Hopes – FX Empire
PCE report meets expectations The Federal Reserve’s (Fed) favorite inflation measure, the PCE price index, rose 0.1% month-on-month and 2.5% year-on-year in June, in line with consensus expectations. Core PCE, which excludes food and energy, rose 0.2% month-on-month and 2.6% year-on-year, also in line with expectations. These figures suggest that inflation is gradually declining but […]
Conor McGregor Seemingly Signs Bone Thugs-N-Harmony To His New Greenback Records Label
Didn’t see this one coming, but I’m here for it! Legendary UFC fighter Conor McGregor has seemingly signed the iconic hip hop group Bone Thugs-N-Harmony to his brand new Greenback Records label. (RELATED: Athletics Haven’t Landed Any Investors For Vegas Stadium, Oakland Area Groups Rumored To Be On Gag Order: REPORT) “I didn’t know Conor […]
Canadian Dollar extends decline as markets pile into Greenback – FXStreet
share: The Canadian dollar hit an eight-week low as the US PMI rose. In Canada, central bank governor Macklem is scheduled to take office on Tuesday. Statements from US Federal Reserve policymakers weighed on markets on Monday. The Canadian dollar (CAD) fell sharply on Monday after the market broadly rallied against the US […]