Dollar Little Changed on Weak US Service Sector News

Dollar Little Changed on Weak US Service Sector News

The dollar index (DXY00 ) on Tuesday rose by +0.03%. The dollar posted slight gains on Tuesday on some mild short covering after last Friday’s and Monday’s losses. Higher T-note yields on Tuesday were supportive of the dollar. Also, Tuesday’s news that showed the US Jun trade deficit shrank to...

Dollar Stabilizes as Yields Find Footing, Yen Reverses After Early Strength - Action Forex

Dollar is trading mixed in early US trading on Tuesday, reflecting a cautious tone across the broader market. Treasury yields appeared to have found a foothold, with 10-year stabilizing around 4.2%, helping to curb recent Dollar softness. Traders appear to be waiting for the next catalyst — likely today’s ISM Services data — to drive […] The post Dollar Stabilizes as Yields Find Footing, Yen Reverses After Early Strength appeared first on Action…

Trump Gamble Starts Paying Off As Dollar Edges Up Against The Euro And Yen

The Kenya Times ~ Trending, Breaking News and Videos Trump Gamble Starts Paying Off as Dollar Edges Up Against the Euro and Yen The dollar edged up against the euro and the yen, but remained within striking distance of Friday’s lows, after weak U.S. jobs data boosted bets on Federal Reserve rate cuts and triggered a sharp selloff in the greenback. Investors are awaiting services data from the Institute for Supply Management (ISM), which should s…

Dollar levels out as a bad mood descends on the euro

The euro slipped behind the pound and dollar on Monday, losing 0.2% value against both currencies. It appears the newly signed trade deal between the EU and US is to blame, with Europe seen as the loser in the agreement. Despite all the turmoil in the US, with lawmakers voicing their displeasure and President Trump’s firing of the Bureau of Labor’s head statistician after the department revealed a major slowdown in the jobs market, the pound gai…