The US dollar is unchanged today, thus halting its recovery from a significant decline in the past week. Behind this drop was the growing expectation that the US central bank (Fed) has already stopped raising interest rates. Today, the euro gained about a tenth of a percent against the dollar at 18:00 CET at 1.0710 EUR/USD.
A number of analysts expect US economic growth to slow in the fourth quarter, which would reduce the likelihood of further US interest rate hikes and undermine interest in the dollar. The latter previously benefited from the fact that the economic development in the US was more favorable than in other large economies, for example in the Eurozone.
“The dollar will be vulnerable to weaker data (on the US economy) in the future,“said Shaun Osborne, an analyst at Scotiabank, according to Reuters. He added, however, that in the near term the dollar could continue to recover from last week’s plunge, which some consider exaggerated.
Development of the currency pair EUR/USD (1-hour chart – H1):
Source: Reuters, ČTK, MT4, Scotiabank
- Forex: Dollar erased initial modest gains
The US dollar erased initial modest gains against the euro in the afternoon and is also losing ground against the Japanese yen. This week…
- Forex: Dollar erased initial losses
The US dollar erased initial losses this afternoon and stabilized after a roughly one percent loss since the beginning of the week. On the forex market, concerns about the announced Wednesday’s first press conference of US President-elect Donald Trump subsided, and the British pound also recovered from Monday’s drop.
- Forex: The dollar erased today’s gains
The US dollar rose to multi-month highs against the euro and the Japanese yen on the forex market today…
- Forex: Dollar erases losses and strengthens on global economic concerns
The US Dollar halted its decline in the forex markets today and headed higher. In particular, it benefits from being considered a safe-haven currency that investors turn to in times of uncertainty. This is mainly represented by concerns about the slowdown in the growth of the world economy.
- Forex: Dollar erases Wednesday’s losses
The US dollar continued its sharp decline in forex markets today, which began on Wednesday in response to the words of President Donald Trump. He said the dollar is getting too strong. During the afternoon, however, the dollar stabilized and its index showed a slight increase. However, according to traders, there is weaker activity due to the Easter holidays.
- Forex: Dollar stagnates, waiting for new data on the US economy
The US dollar remains unchanged today. Investors are now waiting for Friday’s report on the development of employment in the United States in June, which could become an important guide for the future development of the monetary policy of the American central bank (Fed). The euro was trading at 1.1932 EUR/USD around 17:15 CEST. It was thus very close to Friday’s conclusion.
- Forex: Dollar stagnates, pending US-China trade talks
The US dollar remains unchanged against a basket of major world currencies today, as traders await the start of trade talks between the United States and China. The euro gained 0.1 percent against the dollar at 17:45 CEST at 1.0990 EUR/USD.
- Forex: The dollar stagnates, awaiting the outcome of the Fed meeting
The US dollar remains unchanged today. Traders are waiting for the outcome of the meeting of the US central bank (Fed), thanks to which they could get a better picture about the future development of interest rates and the attitude of the bank towards the current rise in the yields of the bonds of the United States government. The euro was hovering close to EUR/USD 1.1900 shortly after 17:05 CET.
- Forex: The dollar stagnates, awaiting the outcome of the Fed meeting and Biden’s speech
The dollar remains unchanged today, investors are waiting for the outcome of the US Central Bank (Fed) meeting and the speech of US President Joe Biden. Around 16:50 CEST, the euro was trading at around 1.2090 EUR/USD against the dollar. It thus moved very close to Tuesday’s conclusion.
- Forex: Dollar stagnates, pending developments on US economic package
The US dollar is flat today. Investors are waiting to see if US lawmakers will reach a compromise regarding the fourth package for the country’s economy affected by the coronavirus crisis.
- Forex: Dollar stagnates, investors await Thursday’s EU summit
The US dollar is flat today. Investors are waiting for the outcome of Thursday’s European Union summit. During the video conference, the presidents and prime ministers of the member countries are to deal mainly with how to help the European economy affected by the covid-19 pandemic.
- Forex: The dollar stagnates, investors await the outcome of the meeting of the US central bank
The dollar is stagnant today. Investors are waiting for the outcome of the US central bank (Fed) meeting. The euro rose 0.4 percent to 1.0764 EUR/USD around 18:40 CET.
- Forex: Dollar stagnates, investors prepare for long weekend
The US dollar stagnates after several losing sessions. Among other things, the trading is affected by the fact that investors are preparing for the long weekend. Markets in the United States will be closed on Monday.
- Forex: Dollar stagnates, investors watch developments around trade
The US dollar is unchanged against a basket of major currencies today, as investors monitor developments around trade talks between the United States and China. The euro traded at 1.1015 EUR/USD around 16:30 CET, roughly at the level of Monday’s close.
- Forex: The dollar stagnates against a basket of currencies, pending the outcome of the Fed meeting
The US dollar exchange rate against a basket of currencies today is only moving within a narrow range around the previous day’s close. Traders await the outcome of the two-day meeting of the American central bank (Fed). They are interested in whether it will respond to rising US inflation.
- Forex: Dollar stagnates, new data provided further evidence of rising US inflation
The US dollar is flat today after data on producer prices provided further evidence of rising inflation in the United States. The euro was trading at around 18:00 CEST at around EUR/USD 1.2070. It was thus very close to Wednesday’s conclusion.
- Forex: Dollar stagnates, focus on stimulus talks
Today, the US dollar remains unchanged against a basket of major currencies. Investors’ attention is focused on lawmakers’ deliberations on additional stimulus measures to help the United States economy face the effects of the spread of the coronavirus. Around 17:45 CET, the euro gained less than a tenth of a percent against the dollar to 1.1770 EUR/USD.
- Forex: Dollar stagnates as US bond yields stall
The exchange rate of the US dollar is holding without significant changes today, as the growth of yields on the bonds of the United States government has stopped. Around 17:30 CET, the single European currency, the euro, showed an increase of less than a tenth of a percent against the dollar to 1.1350 EUR/USD.
- Forex: Dollar stagnates, risk currencies benefit from rising commodity prices
The US dollar is flat today, hovering near a five-day low from the previous session. Risky currencies benefit from rising commodity prices. The market dismissed concerns about the spread of the delta coronavirus mutation, Reuters wrote.
- Forex: Dollar stagnates, market awaits US unemployment report for March
The US dollar is stagnant today, trading volume is low. Investors are waiting for Friday’s report on the development of unemployment in the United States for March and how this statistic will affect the next steps of the American central bank (Fed).