INSIGHTS
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08 Sep 2023
U.S. dollar hits multi-month highs on hot economics and hawkish Fed
The U.S. dollar shines again as the DXY-U.S. dollar index, which tracks the value of the greenback against six major peers, hit a six-month high of 105 on Friday morning...
28 Aug 2023
The dollar hit a 12-week high after Powell’s remarks on Jackson Hole
The DXY-U.S. dollar index, which tracks the value of the U.S. currency against six major rivals, hit a fresh 12-week high of 104.45 during last Friday’s session as Fed...
11 Aug 2023
U.S. dollar edges higher after U.S. CPI inflation grew as expected in July
The DXY-U.S. dollar index trades to near monthly highs of 102.70 as forex investors remain positive on the dollar outlook amid the growing expectation that the Fed’s interest rates might remain...
10 Jul 2023
U.S. dollar softens after a weaker NFP payroll report for June
U.S. dollar-the world’s reserve currency- ended last week with deep losses after the weaker U.S. NFP nonfarm payroll numbers for June generated scepticism over the...
25 May 2023
U.S. dollar rises across the board on hawkish Fed and demand for safety
The U.S. dollar thrives in May (so far) driven by some hawkish comments from Fed officials, coupled win an increasing demand for safety among investors on economic and...
30 Mar 2023
U.S. dollar falls at 2-month lows ahead of key economic data
DXY-U.S. dollar index traded to a nearly two-month low of 102.50 on Thursday morning following two weeks of steep losses on the back of the recent collapse of several U.S. banks and the prospect of...