USDCNH Forex News
The Euro (EUR/USD) tumbled 0.8% lower to 1.0887 (1.0975) weighed by a soft Eurozone Inflation report. The Dollar Index (DXY), which measures the value of the Greenback against a basket of 6 major currencies rebounded to 103.55 from 102.80.
ACY Securities | 18h 48min ago
The Dollar Index slumped while gold and silver prices soared on hopes that the Fed may start easing policy sooner than expected. Meantime the Kiwi (NZD/USD) found its wings, soaring 0.55% against the Dollar ahead of today’s RBNZ rate decision. New Zealand’s Reserve Bank is expected to keep its Official Cash Rate at 5.5%.
ACY Securities | 2 days ago
The Dollar Index (DXY), a popular gauge of the Greenback’s value against a basket of 6 major currencies, extended its drop to 103.40 (103.75) in thin holiday trade. The Canadian Loonie outperformed. The USD/CAD pair slid 0.7% to 1.3615, just over one-month lows from 1.3640 in the previous session.
ACY Securities | 3 days ago
New York markets closed early in preparation for the long US Thanksgiving weekend. The Australian Dollar (AUD/USD) jumped to 0.6562 (0.6542) after RBA Governor Michelle Bullock mentioned that policy tightening was the appropriate response to demand driven inflation.
ACY Securities | 7 days ago
The Euro (EUR/USD) retreated to 1.0910 (1.0945) after the Fed held interest rates at 22-year highs. FOMC meeting minutes revealed that policymakers favored a cautious approach to raising interest rates ahead.
ACY Securities | 9 days ago
The US Dollar plummeted against the Yen (USD/JPY), breaking down through the 150. level to 149.50 as sentiment shifted against the Greenback. Last week’s soft inflation data and weaker economic activity (Industrial Output and Manufacturing Production) weighed on the Dollar.
ACY Securities | 11 days ago
Against the Japanese Yen, the Dollar dipped to 149.65 at the close of trade in New York from Friday’s opening at 150.37. The Yen gained on a rise in Tokyo’s Annual Core CPI to 2.7% from 2.5% previously.
ACY Securities | 32 days ago
The Dollar breached the 150 Yen level, hitting 150.11 before slipping back to 149.90 in early Asian trade even as the US 10-year bond yield eased to close at 4.91% from 4.98% Friday.
ACY Securities | 39 days ago