US Dollar

The dollar index has recently plummeted to a five-month low. There is a strong consensus that the Federal Reserve will initiate a series of rate reductions starting in March next year. The dollar has experienced a notable decline in December, dropping by 2.39% for the month and 2.43% for the year...

In a recent tweet, Peter Schiff expressed concern over the declining U.S. Dollar Index and the Federal Reserve’s plans for interest rate cuts. Schiff’s tweet, posted on December 21, highlights the potential inflationary impact of these rate cuts, especially given the current technical...

The US dollar experienced a notable 1.3% decline at the end of a week, following a gap down on Thursday. In contrast to the dollar's decline, the S&P 500 demonstrated resilience with a 0.3% increase. The US dollar saw a significant 1.3% decrease in value at the end of the previous week....

The Federal Reserve delivered what the markets wanted on Wednesday — its cycle of rate hikes is likely over and rate cuts can be expected in 2024. Market reaction on Thursday continued to express investors’ delight that the six-week rally in equities can now be extended. Effectively pivoting...

By RoboForex Analytical Department The Euro's recent stabilization against the US dollar, now hovering around 1.0766, may be short-lived. Market eyes are turning towards the upcoming two-day meeting of the US Federal Reserve, starting Tuesday and concluding late Wednesday. Key attention will be...

The U.S. dollar made something of a comeback in the last two days of November, following a month of losses as markets leveraged rising expectations the Federal Reserve will start cutting rates in the first quarter of 2024. Although the dollar index (DXY) was fractionally lower on Friday, during the...

Since hitting an 11-month high in early October, the US dollar index (DXY) has fallen 3.8% and this has been largely due to investors backing the recent equity market rally, analysts at Bank of America said on Tuesday. The dollar has long been regarded as a safe-haven asset. Keeping investments...

Investors are ditching U.S. dollar holdings at the fastest pace seen in a year as they position for an end to the Federal Reserve’s rate hike cycle and look ahead to possible rate cuts in the first few months of 2024. The dollar index (DXY) has lost nearly 3% since the start of November,...

By RoboForex Analytical Department The EUR/USD pair started the new week of November with a surge to a two-month peak, reaching the 1.0928 mark. Investors believe that the interest rate of the US Federal Reserve has peaked. The market is now preoccupied with another question: how soon is...

October's labor market performance fell short of expectations, potentially influencing the Federal Reserve's stance on interest rates and providing support for the dollar. Following the Non-Farm Payroll report, the dollar experienced a 1% decline. The dollar has seen a notable 14% increase...

The US dollar has achieved an 11-month high, with a notable 2.80% rise this year and a 7.20% increase since July 2023. As the dollar continues its ascent, gold, traditionally a safe-haven asset, is experiencing a decline. The US dollar, hailed as a global benchmark, has surpassed expectations by...

Blockchain oversight platforms have identified a $1 billion approval in Tether's (CRYPTO: USDT) Treasury, aimed at enhancing short-term USDT liquidity on the Tron network. WhaleAlert, a blockchain monitoring service, spotlighted this massive authorization on microblogging platform X. This...

The U.S. dollar is currently on an eight-week winning streak, flexing its muscles to reach levels not seen since February 2023. While this surge may suggest imminent rate hikes, the latest Federal Reserve signals and economic data actually tell a different tale. The Dollar Index Takes Off The U.S...

“Shark Tank” judge Kevin O’Leary warned of potential fallout from Fitch’s U.S. credit-rating downgrade, impacting the dollar and Treasury bills, during a show on Fox News, Business Insider reports. Fitch Ratings has downgraded the U.S.’s sovereign credit rating from...

The BRICS alliance, an association of the five major emerging economies of Brazil, Russia, India, China, and South Africa, is witnessing an increasing number of nations showing interest in joining its ranks. The surge in interest corresponds with an increasing number of countries...