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USDCNH Forex News

Dollar Index Slumps, Kiwi Up Ahead of RBNZ, Yen Rallies

Dollar Index Slumps, Kiwi Up Ahead of RBNZ, Yen Rallies

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
DXY Extends Drop, CAD Outperforms; AUD, NZD, EMFX Edge Up

DXY Extends Drop, CAD Outperforms; AUD, NZD, EMFX Edge Up

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
Aussie Jumps on Hawkish Bullock, Dollar Index Eases

Aussie Jumps on Hawkish Bullock, Dollar Index Eases

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
USD/JPY Plummets, DXY Falls; Fed Rate Cut Bets Grow

USD/JPY Plummets, DXY Falls; Fed Rate Cut Bets Grow

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