Author Archives: info@dailyforex.com

The U.S. Dollar’s recent rally came to a halt despite unexpectedly upbeat GDP data after the Federal Reserve Bank signaled a dovish bias in its policy statement. Continue reading →

Dollar bulls helped to push the U.S. Dollar higher and close to a 6-month peak versus a weighted basket of its peers with FX traders saying that repatriation of funds by U.S. corporations as the month draws to a close may have helped to push the greenb… Continue reading →

The U.S. Dollar Index, used by investors to gauge the relative value of the greenback to its major peers, remained within striking distance of a 6-month high as investors await the Federal Reserve’s policy review which is due out on Wednesday. Continue reading →

In Asian trading, the U.S. Dollar Index held close to a 6-month peak while the greenback managed to hold onto last week’s gains against the Euro. Continue reading →

Unexpectedly strong labor data from the U.S. helped to keep the U.S. Dollar supported versus the Japanese Yen. Continue reading →

As widely expected by analysts in a recent poll, the Reserve Bank of New Zealand announced on Wednesday that it would raise its cash rate to 3.5%, an increase of 25 basis points. Continue reading →

Expectations continue to grow higher that the European Central Bank is poised to provide additional accommodation which will further weaken the Euro; as a result, in preparation for that likelihood, the Euro fell broadly in Asian trading. Continue reading →

Risk aversion is waning slightly with the result that safe haven currencies traded within a narrow trading band during the Asian session. Continue reading →

The start of the trading week began in Asia with calm following an escalation of tensions in the Middle East and the downing of a Malaysian passenger jet, a casualty of the Ukraine-Russian conflict. Continue reading →

The downing of a Malaysian passenger jet along the border of Russia and the Ukraine, as well as an escalation of geopolitical tensions in Israel and Gaza have sent investors rushing to the Japanese Yen, pushing the safe haven currency higher by 0.5% ag… Continue reading →