US Dollar finds a foothold following post-NFP selloff – by eren_fxstreet DollarIndex SEO Macroeconomics UnitedStates Technical Analysis
The US economic docket will not feature any high-tier data releases on Monday and the USD's valuation could be influenced by Federal Reserve officials', including San Francisco Fed President Mary Daly and Cleveland
Over the weekend, US Treasury Secretary Janet Yellen said that she had “direct” and “productive” discussion with senior Chinese officials. However, "the US and China have significant disagreements," Yellen added. In a recently published report, "the Dollar provides one of the highest yields of the world's major currencies, thanks to the Fed's hiking cycle," said Morgan Stanley analysts. "In a world of weak global growth, this yield will also likely help the Dollar to appreciate."Technical Analysis: US Dollar Index turns bearish following Friday's slide
Strong resistance seems to have formed at 103.00 . If the DXY rises above that level and starts using it as support, it could target 103.50 and 104.00 next.The US Dollar is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY rebounds from monthly low, climbs to mid-142.00s amid reviving USD demandThe USD/JPY pair attracts some buyers near the 142.00 round figure during the Asian session on Monday and recovers a part of Friday's heavy losses to
Read more »
GBP/USD trades below the YTD top amid modest USD strength, holds above 1.2800The GBP/USD pair kicks off the new week on a subdued note and consolidates its recent gains to the highest level since April 2022, around mid-1.2800s
Read more »
Trading Support and Resistance \u2013 AUD/USD, USD/CADLast week was dominated by relative strength in the Japanese Yen, and relative weakness in the US Dollar. Find out which currency pairs are going to be worth watching this week here:
Read more »
Weekly Forex Forecast \u2013 NASDAQ 100 Index, GBP/USD, USD/JPYThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction. Get our weekly Forex forecast here:
Read more »
Gold Price Forecast: XAU/USD remains on the defensive amid reviving US Dollar demandGold price kicks off the new week on a subdued note and oscillates in a narrow trading band, around the $1,925 region through the Asian session. The X
Read more »
USD/JPY jumps to test 143.00 as US Dollar rebounds with yieldsThe USD/JPY pair gains momentum and sees a rally to near the 143.00 threshold in the Asian session, up 0.57% on the day. The major pair recovers a par
Read more »