FXTM information and reviews
IronFX information and reviews
Libertex information and reviews
FXCC information and reviews
Markets.com information and reviews
FxPro information and reviews
42 567.79

The U.S. Dollar hold gains on Wednesday

7 May 2020

The U.S. Dollar Index rose for the third consecutive day on Wednesday’s session versus its main rivals but lost momentum after the ADP Nonfarm Employment report showed the U.S. private sector lost 20 million jobs in the previous month. The U.S. Dollar Index, which measures the strength of the buck against a basket of six major currencies, finished Wednesday’s trading session at 100.16.

In Europe, the single currency continued its losses against a firmer U.S. dollar as the German court and ECB dispute appears to affect the Euro. EURUSD ended the session at 1.08733.

According to Reuters, Germany’s Constitutional Court ruled on Tuesday that the ECB overstepped its powers in gobbling up 2 trillion euros ($2.17 trillion) of government debt in the past five years, and gave the central bank three months to prove that the purchase scheme was necessary and “proportional”.

Moreover, Cable fell on Wednesday's session against the Greenback ahead of London’s reopening and Bank of England decision on monetary policy at 6:00 (GMT) Thursday morning. GBPUSD closed the session at 1.23411.

In the Safe-havens area, the Swiss Franc lost against the U.S. dollar and closed the session at 0.97478 USDCHF. However, the Japanese Yen ended the session strong against the U.S. dollar at 106.102 USDJPY.

Gold prices plunged on Wednesday’s pressured by tougher dollar and expectations that yellow metal supplies will increase as bullion refineries resume operations. XAUUSD closed today’s session at 1684.65.

In Canada, the Loonie tumbled against the Greenback as Oil prices declined from recent highs. USDCAD ended the session at 1.41433.

In Australia, the Aussie dollar lost against the Buck on Wednesday weighed by renewed tensions between the U.S. and China. AUDUSD ended the session at 0.63985.

Cryptocurrencies were mostly flat on Wednesday, Bitcoin closed the session higher at 9231 BTCUSD. Litecoin and Ethereum ended the session flat at 44.9 LTCUSD and 203.08 ETHUSD, respectively.



Stock Futures Trade Sharply Lower
Stock Futures Trade Sharply Lower

Futures in the United States and in Europe are trading sharply lower as investors worry about the domino effect of Evergrande’s massive plunge on the Chinese property market..

21 Sep 2021

Oil market: the unbalanced demand and supply
Oil market: the unbalanced demand and supply

Oil prices climbed to higher grounds in the most recent daily sessions adding further to its upward momentum formed so far in September. The Oil market is running...

21 Sep 2021

US Markets lost major support, Asian Indices are melting
US Markets lost major support, Asian Indices are melting

Global markets closed last week on the back foot, and no significant positive factors emerged in Asian trading, increasing the flight to safety. The Hang Seng lost...

20 Sep 2021

US Retail sales and other data has supported Dollar
US Retail sales and other data has supported Dollar

The US Retail sales notably exceeded expectations, adding 0.7% in August vs an expected 0.7% decline. The increase to August last year is an impressive 14.9%...

17 Sep 2021

Geopolitics Fire Up Up and Cryptos Are Booming
Geopolitics Fire Up Up and Cryptos Are Booming

Futures in the United States and Europe are trading lower today as investors are worried about the new security agreement between the U.S., the U.K. and Australia...

16 Sep 2021

UK inflation surges, stocks struggle
UK inflation surges, stocks struggle

European markets flat at the open this morning as UK inflation surged to a record high in August and Chinese economic data was soft. China’s retail sales fell to...

15 Sep 2021

Editors' Picks

OctaFX information and reviews
HotForex information and reviews
XM information and reviews
FXCM information and reviews
Vantage FX information and reviews
Vantage FX
Moneta Markets information and reviews
Moneta Markets

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.