US Dollar Index (DXY) Retreats Below 98.00 on Risk Appetite, Lower US Yields

The dollar tops out for now - Monex Canada

After tracking higher in the past few weeks, the dollar now appears to have hit a ceiling, retracing lower over recent days. That is very much in line with our call for the buck. As we noted in our July forecasts, solid US macro data should help to offset downside pressures from worries around Fed independence and tariffs, both of which were likely to come to the fore as month-end approached. As of writing, this sees the DXY traded just above 98…

US Dollar cools, erasing gains from strong economic data

The US Dollar (USD) is losing steam on Friday, pulling back from three-week highs as momentum cools. Still, the Greenback remains supported by robust US economic data released this week, which has reduced the likelihood of immediate interest rate cuts by the Federal Reserve (Fed).

EUR/USD Retraces Lost Ground As The US Dollar, US Yields Fall - Data Intelligence

The Euro picks up from multi-week lows but remains 0.6% lower on the week. Bright US corporate earnings data and dovish comments from Fed Waller boost risk appetite on Friday. EUR/USD maintains its broader bearish trend intact, with 1.1655 resistance likely to hold bulls. The EUR/USD pair is posting moderate gains in a calm market session on Friday, with risk appetite increasing in Asia after the market digested bright consumption and employment…

The dollar index (DXY) goes back below 98.00 in the face of appetite for the risk and decrease of returns in the US. - World Stock Market

The dollar goes from maximum while the solid corporate profits increase the appetite of investors by risk The general trend of the US dollar remains positive, with the DXY on the way to close its second consecutive week in green. The dollar reached new three weeks on Thursday, after solid US retail sales and lower unemployment applications data. The US dollar is negotiating with a moderate negative tone on Friday. The appetite for the risk trigg…

Solid US Economic News Lifts the Dollar

The dollar index (DXY00 ) on Thursday rose by +0.29% and posted a 3.5-week high. Signs of strength in the US economy may keep the Fed from cutting interest rates and are supportive of the dollar. Weekly initial unemployment claims unexpectedly fell to a 3-month low, June retail sales rose...