Tag: USDX
Safe-Haven Yen Reverses Recent Losses as Global Markets Fall
Global stockmarkets fell yesterday, driving investors into the arms of the Japanese yen, which has long been considered a 'safe haven' for value in...
Euro Hits Four-Year High Against Yen as China Tensions Mount
The euro rallied to a four-year high against the yen, and a near one-month high against the dollar in early trading today, with investors...
China Reforms Spark Risk Appetite Surge
The announcement of huge economic and social reforms in China yesterday boosted the risk appetite among investors, with safe-haven currencies such as the yen...
ADP Nonfarm Payroll Number Dents Dollar Rally
The ADP Non-Farm Payroll report, which measures employment growth in the US private sector, showed a lower-than-expected growth in the number of new employees...
Dollar in the doldrums after disappointing jobs data
The release of disappointing US jobs data pushed the dollar index down to near a nine month low yesterday, dashing hopes for a reduction...
Dollar sinks after debt deal is agreed
With just a day to go before the debt ceiling deadline, US politicians have managed to reach an agreement to raise the debt ceiling...
USD strengthens despite debt deal impasse
Despite claims that the US debt standoff was nearing resolution on Monday, the situation is still unresolved with just one day to go until...
No end in sight for the shutdown, USD continues to fall
The continuing shutdown of the US government is continuing to weigh on the dollar, which neared an eight month low this morning. Meanwhile, the...
The US Dollar Index Explained – Part 2
Yesterday, we explained what the US Dollar Index is, and how it is calculated. Because it's an average of various currency pairs, rather than...
The US Dollar Index Explained – Part 1
Because currencies are always traded in pairs, they are most often spoken about as moving up or down against other currencies, rather than getting...
German Coalition Uncertainty Causes Euro to Dip
The euro dipped slightly this morning in the wake of continued uncertainty over Angela Merkel's future coalition partners. Merkel's CDU party scored a resounding...
Forex Market Quiet Ahead of Fed Meeting
The dollar moved a bit lower this morning against a basket of major currencies, but the overall trend is towards range trading as markets...
Dollar Plummets as Summers Pulls Out of Fed Race
The US dollar index dropped to a four-week low this morning on the news that former treasury secretary Lawrence Summers has pulled out of...
New Fed Chairman Rumours Provoke Dollar Rally
Lingering uncertainty about the future of US monetary policy was intensified this morning by a Japanese newspaper report that claimed Lawrence Summers will be...
Dollar Index Stays Flat Ahead of Next Week’s Fed Meeting
Disappointing economic data from the euro zone caused the euro to fall this morning, with the news that industrial output contracted in July. Meanwhile,...
Dollar Index Steady at Six-Week Highs On Strong Economic Data
The US dollar reached a six-week high against a basket of major currencies yesterday, and appears to be staying fairly close to that peak...
USD on Course for Biggest Rally in Two Months
Speculation is mounting that US economic reports, set to be released this afternoon, will boost the case for the proposed tapering of monetary stimulus...
USD Rises on Strong Employment Data
The US dollar has been on the upswing this morning, on the back of encouraging employment and inflation data. The biggest market mover was...
