US Dollar »

  • H.S. Borji

    The US dollar rebounded on Thursday, posting its biggest single day rally in 18 months following a cautious Federal Reserve interest rate statement. The US dollar index, a trade-weighted average of the greenback against a basket of six currencies, climbed 0.41 percent to 98.96. The index reached a daily high of 99.21 after plunging more

  • H.S. Borji

    The US dollar declined for a second consecutive day against a basket of trade-weighted peers, easing off a blistering 12-year high as the Federal Open Market Committee coalesced in Washington for a key monetary policy meeting. The US dollar index, a weighted average of the dollar against a basket of six currencies, declined 0.17 percent

  • H.S. Borji

    US business inventories were unchanged in January and were revised down in December, suggesting businesses had less incentive to restock their shelves at the start of the year. Business inventories – an indicator of stockpiles held by manufacturers, retailers and wholesalers that is used to calculate gross domestic product – were unchanged at $1,761.7 billion

  • H.S. Borji

    The euro declined around 100 pips against its US counterpart Wednesday, extending a historic five-day losing streak that has seen the EURUSD plunge more than 4 percent. The EURUSD fell to a fresh 12-year low on Wednesday, bottoming out at 1.0560 in intraday trade. It would subsequently consolidate at 1.0583, declining 100 pips. The pair is testing

  • H.S. Borji

    The US dollar continued to push higher against a trade-weighted basket of currencies on Monday, after another strong jobs report sent the index to new 12-year highs last week. The dollar index climbed 0.1 percent to 97.71 on Monday, extending its 12-year highs, after surging more than 1.3 percent on Friday. Stronger than forecast employment

  • H.S. Borji

    The US dollar advanced against a basket of currencies on Thursday, as investors shifted their focus to the economic data amid signs the Federal Reserve will keep interest rates low for an extended period. The US dollar index, a weighted average of the greenback against a basket of currencies, climbed 0.15 percent to 94.37. The

  • H.S. Borji

    The US dollar cooled against a basket of currencies Wednesday after a GDP-driven rally sent the index to a fresh multi-year high, as the economic outlook continued to blossom heading into the new-year. The US dollar index, a weighted average of the greenback against a basket of currencies that includes the euro, yen, pound, franc,

  • H.S. Borji

    The US dollar broke higher ground against a basket of currencies last week, reaching its highest level since March 2006 amid renewed optimism in the domestic recovery. The US dollar index could test the critical 90.00 level ahead of the Christmas holiday, as the forex market continues to assess diverging monetary policies around the globe.

  • H.S. Borji

    The US dollar advanced briskly against a basket of currencies Wednesday, as investors shrugged off disappointing inflation numbers ahead of the Federal Reserve’s anticipated rate announcement this afternoon. The US dollar index, a weighted average of the greenback against a basket of trade partners’ currencies, advanced 0.54 percent to 88.60. The dollar appreciated against all

  • H.S. Borji

    The US dollar rose half a cent against its Canadian counterpart Thursday, reaching the highest level in more than five years as upbeat economic data and cheap oil kept demand for the greenback healthy. The USDCAD overcame the 1.15 barrier, a level it had tested twice this week. The pair rose 0.47 percent to 1.1532,

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