Category: USD
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EURUSD runs higher. USD move to the downside continues
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EUR/USD rises as the dollar is sold. Above 100 hours MA. The US dollar is under increasing pressure. Initial jobless claims in the US were weaker and began to decline. For EURUSD, it is moving above the technical zone defined by the swing zone between 1.0752 and 1.0756 (see chart…
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The USD is the strongest and the AUD is the weakest as the NA session begins
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As the North American session begins, the US dollar is the strongest and the Australian dollar is the weakest. The Japanese Yen sits just behind the Australian Dollar as one of the weakest currencies after comments from Japan’s Finance Minister and Bank of Japan Ueda failed to sufficiently scare off…
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Yen is a big loser against the USD in Asian trade today, but its not the only one
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Forexlive Americas FX news wrap 7 May: The USD is the strongest of the major currencies.
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The American session was devoid of any American data today. The only economic report was the Ivey PMI from Canada, which came in stronger than expected. Despite the gains, the Canadian dollar weakened and was one of the weakest major currencies. Today the US dollar was the strongest among the…
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Forexlive Americas FX news wrap 6 May: US stocks extend gains from last week. USD mixed.
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It was a quiet day on the economic events front with only April ’employment trends’ on the economic calendar. This index fell to its lowest level since May 2021, but the market largely ignored it. There were two Fed officials speaking. President of the Federal Reserve Bank of Richmond Barkin…