US dollar news

CB Consumer Confidence decreases to 107.1 (vs est 109) - higher interest rates weigh on the business confidence and the short-term employment outlook.

EUR/USD is under pressure as it preps for tomorrow’s Fed rate decision.

USD/INR: Solid Decline Delivers New Range for Consideration

EUR/USD entered the new week trading near nine-month highs with room to test psychological resistance at 1.10.

For the second week in a row, the price of the USD/JPY currency pair stabilizes in a limited path trying to get out of the downward channel.

USD/JPY is stuck on Fed-Watch but whether its recent gains can be consolidated is a big question

The GBP/USD exchange rate put a siege to six-month highs in recent trading, but uncertainty over this week's interest rate decisions and US economic data could prevent further recovery in the coming days.

The TRY/USD stabilized during early trading today, Tuesday, a day after the lira recorded new levels of decline during yesterday's trading, as the lira reached its lowest level ever against the dollar.

The Australian dollar has been overbought for some time, and therefore a little bit of a pullback makes quite a bit of sense.

The euro has been slightly positive during the trading session on Monday, as we continue to wait on the FOMC meeting on Wednesday.

US Treasury yields are inching higher ahead of Wednesday’s FOMC rate decision and this is weighing on the price of gold

The USD/JPY currency pair has rallied a bit during the trading session again on Monday, as we continue to form a basing pattern.

The Federal Reserve has a meeting on Tuesday and Wednesday, and that is almost certainly going to be the main driver of what happens next.

The NASDAQ 100 pulled back during the trading session on Monday, as the 200-Day EMA has caused a little bit of resistance.

US aircraft maker Boeing has ended production of its famous 747 jumbo jet more than half a century after its first flight in 1969. But the company expects the legendary "Queen of the Skies" to fly on for decades to come.

The ETH/USD has pulled back during the session on Monday, as we continue to see the Ethereum market consolidate between the 200-Day EMA underneath and the $1700 level above.

The BTC/USD market has pulled back just a bit during the trading session on Monday, as we are starting to see more of a hesitant market for Bitcoin, and therefore we could see this market drop down rather drastically.

GBP/USD struggled to hold above the 1.24000 level as the DXY found some buyers ahead of the FOMC meeting. Could the central banks inspire a breakout after 10 days of rangebound trading?

The USD/MXN is trading near the 18.74000 level as of this writing.

The NZD/USD has moved to short-term lows as cautious trading has started to affect behavioral sentiment while financial houses brace for risk-coming events.

A stronger US Dollar has sent the price on a short-term downwards trend.

The EUR/USD price pulled back slightly after the relatively weak German economic data.

The BTC/USD pair pulled back slightly as bond yields and the US dollar index (DXY) rose while American stocks pulled back.

The AUD/USD pulled back on Tuesday morning ahead of a busy market as key central banks are set to publish their first decisions of the year.

IMF Sees G7 Growth Except UK in 2023; Markets Quiet Ahead of FOMC Wednesday; US Dollar Strengthens.

Washington has been tightening its rules on exports of US technology to China for several years.

The Euro has backed away from last week’s peak against the US Dollar in anticipation of further tightening from the Federal Reserve tomorrow. Where to for EUR/USD?

The Australian Dollar nudged a notch higher after firm Chinese PMI numbers, while local statistics showed an economy potentially losing steam. Will AUD/USD turn lower?

A week of heavy event risk has started with some tentatively provocative moves from the major corners of the market. The S&P 500 and Nasdaq 100 reversed lower after last week’s extensions suggested bulls were in control. Meanwhile, the Dollar is probing a break from an extremely tight range. The activity can be enticing, but be wary…

The markets are closing in on systemically important event risk and traders’ compasses are starting to go haywire. Tentative breakout and trend efforts are falling apart ahead of the Fed decision Wednesday, and few markets are more put out technically than Nasdaq 100.

Gold prices gapped higher on this week’s open, fueling bullish momentum. However, after retesting $1,950, prices have eased. What next for XAU/USD?

The Japanese yen outperformed before last weekend and continued to build a growing fan club of bullish followers in recent trading.

At the end of last week's trading, gold futures were stable, with the pressure of the US dollar on the price of the precious metal.

GBP/USD tried to rally after the US Federal Reserve eased its preferred inflation gauge again, but sterling found plenty of willing sellers as the market continued to favor the US currency ahead of this week's interest rate decisions.

A very busy week ahead with the latest ECB rate decision, Euro Area inflation, and growth data all hitting the screens in the next few days.

An important and fateful trading week awaits the exchange rate of the euro currency pair against the US dollar EUR/USD where both the European Central Bank and the US Federal Reserve Bank will announce their monetary policy decisions ending with the announcement of the US jobs numbers.

USD/JPY continues to fluctuate between gains and losses as the dollar index remains vulnerable. Will the Fed meeting inspire some renewed dollar strength?

Euro US Dollar (EUR/USD) Exchange Rate Climbs Despite Shrinking German Economy Euro US Dollar (EUR/USD) Exchange Rate Firms Despite Technical Recession The Euro US Dollar (EUR/USD) exchange rate is strengthening modestly this morning despite a contraction in Germany’s economy. The unexpected fall in Europe’s largest economy could mean a recession is more likely in 2023. At time of writing, the EUR…

The Turkish lira recorded new levels of decline during early trading on Monday morning, as it reached its lowest level ever against the dollar before rising slightly.

The USD/CAD has drifted a little bit lower during the trading session on Friday, as the Canadian dollar continues to show strength.

The USD/CHF has rallied a bit during the training session on Friday but continues to struggle to rally.

The S&P 500 rallied during the trading session on Friday again, as traders continue to bet that the Federal Reserve is going to acquiesce and give them cheap money.

The Euro has done very little during the trading session on Friday, as it looks like we are starting to run out of momentum.

The British Pound has enjoyed plenty of interest rate support despite the shakiness of its home economy. Can it hope for more this week?

The NASDAQ 100 has shot straight in the air during the trading session on Friday, as we have overtaken the 200-Day EMA.

The US dollar has been back and forth during the course of the trading session on Friday as we continue to see a lot of noise against the Japanese yen.

The British pound has struggled with the 1.25 level again during the trading session on Friday, as we continue to see a lot of noise in the same manner.

The USD/BRL went into the weekend near the 5.1085 ratio after having challenged mid-term lows earlier on Friday.

The USD/ZAR is near the 17.23300 mark as of this writing as the currency pair traverses a rather tight trading range.

Bitcoin reaches new 6-month high price over the weekend.

The USD/JPY price remained in a consolidation phase in the past few days ahead of the upcoming Federal Reserve interest rate decision.

The GBP/USD exchange rate remained stuck near its highest level this year as investors waited for an extremely busy week.

The AUD/USD price remained flat on Monday morning as traders braced for an extremely busy week in the financial market.

The US Dollar is steady so far today as the market ponders the Federal Reserve rate outlook and weighs tightening central banks against a potentially expanding Chinese economy. Will DXY go lower?

Crude oil has made some ground today after sliding lower to end last week as US recession fears swirl while Chinese markets return from holidays today. Where to for WTI?

Traders are eyeing the Fed, BoE and ECB rate decisions for the US Dollar, British Pound and Euro, respectively. Will central banks disappoint, bringing back market volatility?

Silicon Valley firms are facing the music, cutting several hundred thousand jobs after years of incredible growth. Economists are divided over whether the US economy is heading for recession and soaring unemployment.

The EUR/USD went into the weekend near the 1.08655 ratio.

The GBP/USD went into the weekend near the 1.23880 price after demonstrating a rather dynamic week of trading.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 29th, 2022 here.