Today, the US dollar is strengthening slightly against the euro, and it is showing more significant growth against the Japanese yen. Investors continue to assume that the economic development in the United States will be more favorable than in other countries, so that the American central bank (Fed) will not have to rush to cut interest rates. in the vicinity of EUR/USD 1.0745.
Against the Japanese yen, the dollar gained roughly 0.6 percent at the same time and was near USD/JPY 155.60. While traders remain wary of possible intervention by Japanese authorities to support the domestic currency, analysts said such intervention would provide only temporary support to the Japanese yen given the wide gap between US and Japanese interest rates, Reuters wrote.
The European Central Bank (ECB) has signaled that it intends to start cutting interest rates in June. The Fed is expected to start cutting interest rates in the fall at the earliest. “There is almost a 50 percent chance the Fed will cut rates in September. However, I consider it likely that there could also be a delay,” said XTB analyst Kathleen Brooks.
The Swedish krona weakened against the dollar today as Sweden’s central bank cut its key interest rate by a quarter of a percentage point to 3.75 percent. The bank also said it is likely to make two more rate cuts this year if inflationary pressures remain subdued.
Around 17:30 CET, the dollar gained roughly 0.4 percent against the Swedish krona and was near USD/SEK 10.90. “Market attention is focused on Europe cutting rates first, so we see upward pressure on the dollar,Brooks said.
The US dollar is strengthening slightly today as investors expect economic growth in the United States to be faster than in other regions. The euro lost roughly 0.1 percent against the dollar at 17:30 CET at 1.2075 EUR/USD.
Forex: The dollar strengthens slightly, the market awaits the meeting of a number of central banksThe dollar is strengthening slightly against a basket of currencies today. The market is waiting for the meetings of a number of central banks. In addition to the US central bank (Fed), representatives of central banks in Britain, Australia, Norway, Switzerland, Mexico, Brazil, Indonesia and Taiwan will meet this week.
Forex: The dollar strengthens slightly, the market awaits the report on the development of inflation in the US for NovemberThe US dollar is strengthening slightly against a basket of currencies today. But the trading volume is small. Investors are waiting for Tuesday’s report on the development of inflation in the United States for November and the conclusion of the two-day meeting of the American central bank (Fed) on Wednesday.
Forex: The dollar strengthens slightly, the market expects the Fed to raise interest rates for a longer timeThe dollar is strengthening slightly today. Recent economic statistics have contributed to this, although they have eased fears of a recession, but at the same time, they have increased expectations that interest rate increases by the US Central Bank (Fed) may take longer.
Forex: Dollar strengthens slightly, markets focus on UkraineThe US dollar is strengthening slightly, but trading is choppy today. Investors are trying to absorb the latest developments surrounding the Ukraine crisis. A number of countries have announced sanctions against Russia, which has ordered its troops to enter separatist regions of Ukraine.
Forex: Dollar gains slightly as US markets are closed today for a public holidayThe dollar is strengthening slightly today. The US currency rose in the previous five weeks, which was helped by the development of inflation. Markets in the United States are closed today for the President’s Day holiday, so trading volumes are likely to be light at the end of the session.
Forex: The dollar strengthens slightly, the focus is on the FedThe US dollar is slightly strengthening today, investors’ attention is focused on the meeting of the US central bank (Fed). The euro is losing roughly 0.1 percent against the dollar at 1.1635 EUR/USD. During Tuesday, the single European currency climbed as high as 1.1711 EUR/USD, the highest since August 2015.
Forex: The dollar strengthens slightly, the focus is on the FedThe US dollar is strengthening slightly today, near a 20-year high against a basket of currencies. In the center of investors’ attention is the US central bank (Fed), which will decide on the setting of its interest rates on Wednesday. The euro against the dollar was down around 0.4 percent at 0.9985 EUR/USD around 18:30 CEST.
Forex: The dollar strengthens slightly against the euro, pending a decision on the setting of interest ratesThe US dollar is strengthening slightly against the euro today. Data on the development of producer prices in the United States in November raised doubts about whether the US central bank (Fed) will slow the pace of interest rate increases next week. Around 17:15 CET, the single European currency was losing roughly 0.2 percent against the dollar to 1.0535 EUR/USD.
Forex: The dollar strengthens slightly against the euro, the meeting of the central banks is awaitedThe US dollar is strengthening slightly against the euro today. Investors are awaiting central bank meetings in the United States and the Eurozone this week. Shortly before 17:30 CEST, the single European currency was losing roughly 0.3 percent to 1.0985 EUR/USD. Trading volume is light today as financial markets in many countries are closed for the holiday.
Forex: The dollar strengthens slightly against the euro, benefiting from rising US bond yieldsThe dollar is strengthening slightly against the euro today, benefiting from rising yields on US government bonds and favorable data on the development of the US economy. Around 16:45 CET, the euro fell against the dollar by about a tenth of a percent to 1.1705 EUR/USD. The results of Sunday’s parliamentary elections in Germany did not have a significant impact on the exchange rate of the single European currency, Reuters wrote.
Forex: The dollar strengthens slightly against the euro, interest rates remain in the spotlightThe US dollar is strengthening slightly against the euro today. Investors are assessing the latest inflation data for their impact on future interest rate developments in the Eurozone and the United States. The single European currency lost roughly 0.4 percent against the dollar at around 18:45 CET, falling below EUR/USD 1.0800.
Forex: The dollar strengthens slightly against the euro, interest rate developments remain in the spotlightThe US dollar is slightly strengthening against the euro today, the focus of investors’ attention remains the development of interest rates. The single European currency was losing roughly a tenth of a percent to 1.0615 EUR/USD shortly after 17:15 CET.
Forex: Dollar gains slightly against a basket of major currencies, benefiting from data on the US economyThe US dollar is strengthening slightly against a basket of major currencies today. It is supported by favorable data on the development of the United States economy, which gives the American central bank (Fed) more space to further increase interest rates. The dollar index, which expresses the value of the dollar against a basket of six major world currencies, gained roughly 0.2 percent to 104.40 points shortly after 18:00 CET. The euro itself was almost unchanged against the dollar, hovering close to EUR/USD 1.0600.
Forex: The dollar strengthens slightly, higher profits are prevented by the return of risk appetite to the marketThe US dollar is strengthening slightly against a basket of currencies, erasing part of the losses from the previous session. Higher profits are hindered by the return of risk appetite to the market. The dollar index, which expresses the dollar’s value against a basket of six major world currencies, gained 0.1 percent to 112.16 points shortly after 6:20 p.m. CET.
Forex: The dollar rises slightly, waiting for new data on the development of inflation in the US and the eurozoneThe US dollar strengthened slightly against the euro today, as investors await new data on inflation in the United States and the eurozone. The single European currency was losing roughly a tenth of a percent against the dollar shortly before 18:00 CET and hovering near 1.0835 EUR/USD.
Forex: Dollar gains slightly, but euro remains near monthly highThe US dollar is strengthening slightly today. The euro lost roughly a tenth of a percent against the dollar at 18:00 CEST at 1.0925 EUR/USD. However, it held close to its monthly high, Reuters wrote.
Forex: Dollar rises slightly on uncertainty over US-China dealThe U.S. dollar and other currencies considered safe havens by investors rose slightly today on uncertainty over a trade deal between the United States and China. The euro lost 0.1 percent to 1.1025 EUR/USD against the dollar around 16:30 CEST. The single European currency also showed a slight decline against the Swiss franc and the Japanese yen.
Forex: Dollar rises slightly as interest in riskier assets declinesThe US dollar strengthened slightly today as concerns about the possible fallout from a major hedge fund’s troubles in the United States reduced investor interest in riskier assets. Around 18:00 CET, the euro lost roughly a tenth of a percent to 1.1780 EUR/USD.
Forex: Dollar gains slightly despite weak US dataThe US dollar strengthened slightly today despite disappointing data on the development of the labor market in the United States. The single European currency, the euro, lost roughly 0.1 percent to 1.2255 EUR/USD against the dollar around 18:00 CET.
