USD Index Hovers Uncertainly Near 106.50: Market Eyes Data and Powell’s Speech
USD Index Hovers Uncertainly Near 106.50: Market Eyes Data and Powell’s Speech The U.S. Dollar Index (DXY), a measure that gauges the strength of the dollar against a basket of other currencies, exhibited a mix of gains and losses, stabilizing around the mid-106.00s this Thursday. Notably, the index has encountered a slight resistance approaching the 106.70 mark. Following a noteworthy ascent on Wednesday, reaching near the 106.70 level, the index experienced some restrained selling pressures. […]
Australian and New Zealand Dollars Impacted by Global Risks and Mixed Employment Data
Australian and New Zealand Dollars Impacted by Global Risks and Mixed Employment Data The Australian and New Zealand currencies felt the pressure of global risk aversions due to escalating tensions in the Middle East. Concurrently, ambiguous local employment figures failed to provide the anticipated support. In the bond market, Australian 10-year yields reached a record high since mid-2011, settling at 4.76%, as Treasuries continued their declining trend. The Australian dollar saw a decrease of 0.3%, […]
USD/JPY Struggles Below the 150.00 Mark; Anticipation Grows for Fed’s Powell Upcoming Address
USD/JPY Struggles Below the 150.00 Mark; Anticipation Grows for Fed’s Powell Upcoming Address In the recent trading activities, the USD/JPY currency pair displayed a noticeable wane in momentum, hovering around the 149.80 range during Thursday’s early European session. Analysts postulate that the potential downside of the currency pair could be kept in check due to a notable uptick in US Treasury bond yields. To provide perspective, the 10-year US Treasury yield has soared to an […]