FXTM information and reviews
OctaFX information and reviews
FXCC information and reviews
Libertex information and reviews
FxPro information and reviews
HotForex information and reviews

Day 3 of Dollar Gains

23 September 2020

The Dollar is up for a third consecutive day, even managing gains against the Yen as global stock markets lifted out of recent correction lows. Solid US data yesterday, including the August existing home sales and the September Richmond Fed index, have been in the mix, alongside a flurry of dovish signalling from central bank policymakers.

BoJ Governor Kuroda earlier stressed that the Fed’s recent policy regime change is similar to the stance the Japanese central bank took in 2016, which he described as an overshooting strategy. He said that the BoJ won’t hesitate to take additional easing steps if necessary. Policymakers at the ECB, BoE and RBA have been similarly ramping up dovish signalling in the wake of the Fed’s move in late August, not wanting to see their respective currencies rise against the Dollar in these disinflationary times. ECB’s Mersch is the latest, cited by Bloomberg today saying that it is obvious that the exchange rate influences inflation.

Expectations for the RBA to cut rates again are also cementing, which has been concomitant with recent declines in iron ore and other commodity prices. The flagging pace in global economic growth is marring the outlook for resources, which is the prime influencer of the export-oriented Australian economy’s terms of trade. Westpac analysts are expecting an easing at the October 6th RBA policy review, while a NAB research note is calling for a rate cut at either the October or November meetings.

AUDUSD dropped 0.6% in posting a six-week low at 0.7113, extending losses from last week’s highs around 0.7350. AUDJPY fell by 0.5%, foraying further into 10-week low terrain. The USD Index (DXY) printed an eight-week high at 94.24, while EURUSD lifted to an eight-week low at 1.1673. USD-PY edged above 105.00. Cable hit a two-month low at 1.2681, marking a 6% decline from the high seen in early September. The Pound also saw moderate declines versus the Euro and Yen, among other currencies, amid a bearish mix of new Covid restrictions in the UK, the upcoming expiry of the government’s wage support scheme, and Brexit endgame uncertainties.




US Dollar Index adds to recent losses and retests 95.40 ahead of data
US Dollar Index adds to recent losses and retests 95.40 ahead of data

DXY extends the decline to the 95.40 region on Thursday. US yields correct further lower from recent tops. Initial Claims, the Philly Fed Index are next in the US docket...

21 Jan 2022

EURUSD decided to wait
EURUSD decided to wait

EURUSD stopped growing; the statistics failed the "greenback". The major currency pair is rather neutral early in the week. The current quote for the instrument is 1.1426...

17 Jan 2022

The Euro skyrocketed to its 8-week highs
The Euro skyrocketed to its 8-week highs

EURUSD continued rising after the US reported on inflation. The major currency pair continues growing on Thursday. The current quote for the instrument is 1.1468...

14 Jan 2022

US Dollar Index appears supported near 95.50
US Dollar Index appears supported near 95.50

DXY looks depressed around the mid-95.00s midweek. US 10y yields remain capped by the 1.80% area. Inflation figures tracked by the CPI next of note in the docket...

12 Jan 2022

EUR/USD Keep Falling
EUR/USD Keep Falling

The major currency pair is falling after demonstrating some growth last week. The asset is mostly trading at 1.1330. Market players are still processing the FOMC Meeting...

11 Jan 2022

Hot inflation in eurozone could rescue the euro from strong NFP
Hot inflation in eurozone could rescue the euro from strong NFP

EUR/USD seems to have steadied around 1.1300 ahead of key data releases. According to FXStreet’s Eren Sengezer, the shared currency could find demand on a hot inflation report...

7 Jan 2022

XM information and reviews
FXCM information and reviews
AvaTrade information and reviews
LegacyFX information and reviews
FP Markets information and reviews
FP Markets
Pepperstone information and reviews

© 2006-2022 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.