Forex News Category

Dollar Steadied Against Major Currencies; Bitcoin Tumbled On China’s Verdict   The Dollar Stabilized versus major currencies on Wednesday as traders were waiting for U.S. Federal Reserve minutes, Although bitcoin dropped after China halted its financial institutions from offering services related to cryptocurrency assets. The minutes from the Fed’s most recent meeting is going to

Dollar Declined as Investors speculate on the U.S. Interest Rate Staying lower   The dollar slipped on Tuesday morning in Asia, hitting a six-year low against its Canadian counterpart and hanging close to multi-month lows against European currencies because investors are expecting that up bets the U.S. Federal Reserve would not lift interest rates. The

Dollar Higher Over Asian Covid-19 Upsurge Concerns   The Dollar elevated on Monday morning in Asia amid distresses caused by fresh COVID-19 cases in some Asian Countries. Notwithstanding, investors are densely positioning for a drop in the U.S. currency as the U.S. Federal Reserve holds to its current dovish policy. The U.S. dollar index traces

Dollar Topple; Inflation Concerns Indicate Substantial Week   The Dollar declined in early European trade on Friday after the one-week gain because traders considerably seem to be fine with the latest inflation data that could impact on Federal Reserve Policy. The Dollar Index, which traces the U.S. currency against a basket of six other currencies

Dollar Elevated; Fed in Limelight on Inflation Surge   The dollar slightly higher in early European trade Thursday, with the U.S. currency supported by concerns of an earlier than expected Federal Reserve response to inflationary pressures in the wake of the worryingly large jump in U.S. consumer prices. The U.S. Dollar Index Traces the greenback