US Dollar bulls are moving in on hawkish Fed prospects. is battling back, down some 0.5% still, however, having fallen from a high of 1.0406 to a low of 1.0305. US Treasury yields increased on Thursday as investors bet on a relatively hawkish Federal Reserve.
DXY, which measures the currency against six major peers, was recently up 0.50% at 106.81 in midday trade. The index has traveled between a range of 106.098 and 107.240 on the day. However, the index remains in bearish territories while below 107.00. After hitting a 20-year high in late September the index had lost more than 8% when it touched its most recent intraday low on Tuesday.shows the price below a key trendline and within an M-formation. The correction is underway, however.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
EURUSD tanks toward 1.0300 as Russian missiles hit PolandThe EURUSD is plunging in the North American session on confirmation that two Russian missiles landed on Poland, killing two poles, near the Polish ci
Source: FXStreetNews - 🏆 14. / 72 Read more »
EURUSD approaches 200-DMA hurdle amid Poland-inspired jitters ahead of US Retail Sales, ECB’s LagardeEURUSD approaches 200-DMA hurdle amid Poland-inspired jitters ahead of US Retail Sales, ECB’s Lagarde – by anilpanchal7 EURUSD ECB RetailSales RiskAppetite Currencies anilpanchal7 L'EURUSD s'approche de l'obstacle de 200 DMA au milieu de la nervosité inspirée par la Pologne avant les ventes au détail américaines, Lagarde de la BCE
Source: FXStreetNews - 🏆 14. / 72 Read more »
EURUSD Cooling Off After Failing to Test 1.05EURUSD fails to hold above 200-day moving average. Post-PPI spike falls short of testing key 1.05 level. Daily candle gives some hope to bears after brutal few weeks.
Source: DailyFX - 🏆 305. / 63 Read more »
EURUSD to tick down as geopolitical tensions are likely to run high – CommerzbankEURUSD fell sharply yesterday evening amid escalating geopolitical tensions. The Euro is set to be more vulnerable than the Dollar to an escalation of
Source: FXStreetNews - 🏆 14. / 72 Read more »
EURUSD seen at 1.0350 by end-Q4 – Credit SuisseHaving only been targeting 0.98 initially, economists at Credit Suisse had already admitted implicitly that their original Q4 target of 0.92 would not
Source: FXStreetNews - 🏆 14. / 72 Read more »
EURUSD really ought to pause below 1.05 – SocGenKit Juckes, Chief Global FX Strategist at Société Générale, discusses the latest news and the outlook for the main currency pairs. Of note, EURUSD sho
Source: FXStreetNews - 🏆 14. / 72 Read more »