US Dollar Index remains steady above 98.00 due to Hormuz tensions

US Dollar Index remains steady above 98.00 due to Hormuz tensions

The US Dollar Index (DXY), which gauges the US dollar’s value against a mix of six global currencies, is hovering around 98.20 during early Asian trading on Monday. It seems to have stabilized while traders evaluate the ongoing geopolitical tensions in the Middle East. President Donald Trump announced plans to start guiding certain neutral ships […]

EUR/USD drops below 1.1700 as the Fed maintains steady rates

EUR/USD drops below 1.1700 as the Fed maintains steady rates

The EUR/USD exchange rate dipped to around 1.1680 during early trading in Europe on Thursday. This shift came as the US dollar gained strength against the euro following the US Federal Reserve’s decision to keep interest rates steady. Attention is now shifting towards the European Central Bank’s (ECB) upcoming rate decision scheduled for later today. […]

Central Bank Keeps Interest Rates Steady, Indicating Robust Economic Growth

Central Bank Keeps Interest Rates Steady, Indicating Robust Economic Growth

The US Federal Reserve Keeps Interest Rates Steady The US Federal Reserve decided on Wednesday to maintain interest rates, showing a split in opinions among its members. The Fed noted in a statement that “recent indicators suggest that economic activity is expanding at a steady pace. Job growth has remained low on average, and the […]