Tag: Dollar Index

Dollar Rebounds as US Unemployment Hits Nearly 8-Year Low

The US dollar rebounded sharply against a basket of currencies Friday after government data pointed to a firming labour market, which could give the...

Rout in US Dollar Pushes Gold to 3-Month Highs

Gold futures spiked to new three-month highs on Thursday, as the reeling US dollar took another hit on growing doubt about the Federal Reserve’s...

USD/JPY Spikes to 5-Week High after BOJ Introduces Negative Rates

The Japanese yen plunged versus the dollar on Friday after the Bank of Japan (BOJ) adopted negative interest rates on some deposits in a...

US Dollar Weakens ahead of Fed Announcement

The US dollar declined against a basket of currencies Wednesday, as investors prepared for the release of the Federal Reserve’s interest rate guidance amid...

EUR/USD Tumbles as ECB Mulls Policy Change at Next Meeting

The EUR/USD fell below 1.08 for the first time in two weeks on Thursday after European Central Bank (ECB) President Mario Draghi promised a...

US Dollar Surges amid China Growth Woes

The US dollar traded higher against a basket of currencies on Tuesday, climbing for a seventh consecutive day amid renewed fears about a protracted...

Oil Prices Decline as Concern Over Commodities Continues

Oil prices declined sharply on Wednesday after government data showed an unexpected rise in US commercial crude inventories, raising concerns about an worsening supply glut. The...

US Dollar Stages Rally amid Encouraging Economic Data

The US dollar traded higher on Tuesday amid a bigger than expected rise in consumer confidence, while stocks and oil prices also rallied in...

US Stocks Post Best Week since November

US stocks ended mixed on Thursday, but still posted their strongest weekly gain since November amid a 9% rally in oil prices. The Dow Jones...

Oil Prices Stabilize following Bigger than Expected US Drawdown

Oil prices turned higher on Wednesday after government data showed a bigger than expected drawdown in US crude inventories, easing concerns about an escalating...

Dollar Weakens following Revised GDP

The US dollar traded lower on Tuesday after government economists trimmed their third quarter estimate for US GDP growth, putting the world’s largest economy...

Oil Prices Touch New 7-Year Lows, Further Downside Predicted

The rout in oil prices continued on Friday in belated response to additional buildup in US crude inventories, fueling concerns about a worsening global...

European Stocks Rise for from 10-Week Low as Oil Prices Rebound

European stocks rose on Tuesday following five consecutive daily losses, as oil prices eased off recent lows ahead of the Federal Reserve’s policy meeting...

US Dollar Rebounds, but Pressure Remains

The US dollar rebounded against a basket of currencies on Thursday, but remained under pressure amid growing selling interest, suggesting that investors are becoming...

Commodities Stabilize, Dollar Declines

Commodity prices stabilized on Wednesday, while the US dollar declined sharply in favour of the euro as investors refrained from using the common currency...

EUR/USD Declines on Weak Eurozone CPI ahead of ECB Meeting

The EUR/USD declined on Wednesday, falling below 1.06 after weaker than expected Eurozone inflation data strengthened the case for more expansive monetary policy by...

Gold Crumbles, Dollar Spikes after Thanksgiving

The price of gold fell back near six-year lows on Friday and was headed for a sixth straight weekly decline, as the dollar firmed...

US Dollar Index Hits 100.00

The US dollar strengthened against a basket of currencies on Wednesday, as stronger than expected economic data reinforced the view that the Federal Reserve...