|Day's Range||1.326 - 1.338|
|52 Week Range||1.2062 - 1.33821|
The Canadian dollar fell to its lowest level in a year against its U.S. rival Friday morning following sluggish readings on consumer price inflation and retail sales, which underlined the fragility of Canada’s economy. The ICE U.S. Dollar Index (IFUS:DX-Y.NYB) meanwhile, was up 0.1% at 94.794. Stronger data would have likely bolstered expectations for tightening action from the Bank of Canada in July, said Scotiabank strategists Shaun Osborne and Eric Theoret in a note, but these hopes were disappointed.
Investing.com - The euro was steady on Friday, as the U.S. dollar fell amid trade war concerns.French and German business activity in June came in higher than expected, easing concerns of a slowdown in the eurozone.EUR/USD rose 0.57% to 1.1669 as of 5:18 AM ET (9:18 GMT) while the pound was higher, with GBP/USD rising 0.52% to 1.3308.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.42% to 94.14.Tensions between the U.S. ...
Investing.com – The U.S. dollar gave up its early gains against its rivals following weaker Philadelphia Fed data and a rebound in sterling after the Bank of England's hawkish pivot.
Investing.com – The U.S. dollar was roughly unchanged against its rivals Wednesday as softer U.S. economic data and a rebound in sterling kept a lid on upside momentum.
With the 109.55-50 support-region activating USDJPY’s U-turn, the pair seems eager enough to confront the support-turned-resistance line of 110.35 for one more time. If comparative USD strength clears the 110.35 barrier, the 110.80-85 horizontal-region and the 111.40 resistances should be watched closely as break of which could open the door for the pair’s rally towards 111.80 and 61.8% FE level of 112.30. On the contrary, pair’s failure to surpass the 110.35 TL can portray Breakout-Pullback-Continuation (BPC) formation, which in-turn highlight the 109.80 and the 109. ...
Market risk appetite returns through the morning, with policy divergence continuing to favor the U.S Dollar. Direction for the majors will be hinged on noise from the Oval Office and Central Bank member commentary through the day.
Investing.com – The U.S. dollar rose to its highest level in nearly a year against its rivals, as U.S.-China trade-war concerns intensified after U.S. President Donald Trump threatened China with fresh tariffs.
Investing.com - The dollar rose to the day’s highs against a currency basket on Tuesday and pared back some losses against the safe haven yen as heightened trade tensions between the U.S. and China soured risk appetite.
In case if the pair continue trading southwards after 1.1440, the 1.1370, the 1.1330 and the 1.1300 may please the Bears. Assuming that the pair reverses from current levels, the 1.1650 and the 1.1730 can act as immediate resistances before highlighting the 1.1835-50 area for one more time. Alike EURUSD, the NZDUSD is also near to important support-zone, namely the 0.6885-80, but break of which might not trigger the pair’s plunge as an upward slanting trend-line, at 0.6860 now, could still challenge the sellers.
Investing.com - The dollar fell to one-week lows against the safe haven yen on Tuesday as escalating trade tensions between the U.S. and China weighed on market sentiment.
Investing.com – The U.S. dollar was roughly unchanged against its rivals Monday as trade-war angst fuelled demand for safe-haven currencies, keeping a lid on upside momentum in the greenback.
Investing.com - The dollar pushed higher against a currency basket on Monday, boosted by the diverging monetary policy outlook between the U.S. and Europe, while the yen remained supported as trade tensions underpinned safe haven demand.
Is the trade war on? Following China’s response to the U.S tariffs on China exports to the U.S, it could get ugly, with Trump’s first tweet of the week likely to have a material bearing of risk sentiment through the week.
The US dollar has exploded to the upside during the week, breaking through a significant amount of resistance against the Canadian dollar. Oil markets course could help if they start to fall, but quite frankly I think a lot of this has to do with fears about trade spat between the US and Canada.
The US dollar has rallied significantly on Friday against the Canadian dollar, as there has been a bit of a “risk off” move during the day as tariffs were slapped on the Chinese by the Americans, that of course has the commodity currencies falling overall.
Investing.com – The U.S. dollar retreated Friday as the U.S. said it would move ahead with hefty tariffs on Chinese goods, raising fears of a trade war between the world's two largest economies.
The euro was steady on Friday, as the U.S. dollar fell amid trade war concerns. U.S. President Donald Trump announced a 25% tariff on $50 billion of Chinese goods on Friday, with China threatening to respond. The two largest economies in the world have been in a tit-for-tat over global trade tariffs in recent months as the two struggle to reconcile their trade differences.
The euro attempted to rally from its worst week in 19 months, as the U.S. dollar fell amid trade concerns. U.S. President Donald Trump announced he would impose tariffs on $50 billion of Chinese goods, which will be revealed on Friday. The euro was higher but still remained under pressure after the European Central Bank indicated on Thursday that it would hold interest rates steady until at least the summer of 2019.
The markets were mixed through the early part of the day, the introduction of tariffs having a mixed impact on the markets, with the Yen finding little support ahead of what will likely be a noisy day ahead for the Oval Office.
The US dollar initially fell during trading on Thursday, reaching down to the 1.2950 level. The market looks likely to see a lot of volatility, mainly because the oil markets will continue to be very noisy as Russia and OPEC continue to meet.
Investing.com – The U.S. dollar rallied to a two-week high against its rivals Thursday as a rout of the euro prompted traders to buy the greenback after the European Central Bank said it would leave interest rates unchanged until the summer of 2019.