US Dollar

As geopolitical tensions escalate in the Middle East, Ukraine has launched U.K.-made Storm Shadow missiles into Russia and the Kremlin has loosened its policy for using nuclear weapons. However, Russian President Vladimir Putin said he is open to a peace deal brokered by President-elect Donald...

The U.S. dollar surged past 155.60 yen on Wednesday, hitting levels unseen in nearly four months. What Happened: Investors piled back into yen-dollar carry trades. The speculation is that the incoming Trump administration will aggressively hike tariffs on imports. Economists expect the planned...

Hello everyone and welcome to our new blog post! In this update, I will discuss the US dollar, US yields and will look at EURUSD levels. As you know, the US dollar is experiencing strong upward pressure, driven by speculations that Trump could win the upcoming US elections. However, we are still...

Tesla and SpaceX CEO Elon Musk has expressed growing concern about the future of the U.S. dollar, citing the escalating national debt as a potential catalyst for an impending economic crisis. What Happened: On Friday, Musk was replying to a user on X, formerly Twitter, when he voiced his...

The U.S. Dollar could rally 3% if former President Donald Trump wins re-election in November, Bloomberg reported, citing an analyst note from Barclays plc. What Happened: The GOP front-runner is currently proposing a baseline 10% tariff on all U.S. imports and a levy of 60% or higher on Chinese...

Bitcoin (CRYPTO: BTC) has broken past the $1 trillion market capitalization mark. The digital asset hit new all-time highs in several currencies, such as the New Zealand dollar, Russian ruble and Norwegian krone. After touching a peak in currencies like the Japanese Yen in...

Bitcoin (CRYPTO: BTC) is back above $1 trillion in market capitalization and has hit an all-time high in the Japanese yen. This marks the first new all-time high in a major currency, following previous highs in the Argentine peso and the Turkish lira. What Happened: Bitcoin in JPY (BTC/JPY) is...

In a significant shift, China’s yuan has surpassed the U.S. dollar as the most traded foreign currency in Russia. This development is a part of the ongoing trend of de-dollarization, reflecting a global move away from the dollar. What Happened: The Renminbi accounted for 42% of all foreign...

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...