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Dollar rebounds as traders assess rate hike prospects elsewhere

An employee of the Korea Exchange Bank counts one hundred U.S. dollar notes during a photo opportunity at the bank’s headquarters in Seoul April 28, 2010. REUTERS/Jo Yong-Hak Dollar bounces vs euro ahead of ECB meeting Commodity-linked currencies rise further Busy week with central bank meetings, data releases <a href=”https://tmsnrt.rs/2RBWI5E”>Graphic: World FX rates</a> LONDON, Oct 25 (Reuters) – The dollar rebounded off a one-month low on Monday as traders looked ahead to tighter U.S. monetary policy even as they bet…

U.S Dollar Stalls Amid Upbeat Economic Data

Even though upbeat economic data gave the greenback an early boost on Friday, the greenback was down in London on Friday as the dollar headed for a second consecutive week of losses. According to U.S. data released on Thursday, existing-home sales grew by 7% month-over-month in September to 6.29 million units. However, DXY bulls failed to mount pressure on the 94 resistance band, in the wake of the better-than-expected data. At the time of drafting this report, the U.S. Dollar…

GBP/USD Daily Forecast – U.S. Dollar Attempts To Rebound Against British Pound

Reuters Videos Where Taliban and ex-soldiers face their wounds There is a place in Afghanistan where former enemies stand side by side, confronting their wounds. Taliban fighters and soldiers in what was once the Afghan national army, now being fitted with prosthetic limbs and other treatments.This is the International Red Cross hospital in Kabul. It’s where you’ll find Mohammad Ishaq, standing with those he defeated.”My name is Mohammad Ishaq from Helmand province, Marjah district. For years we fought against the…

Russia plans to reduce US dollar share for digital currency

Aleksandr Pankin, the deputy minister of Foreign Affairs of Russia, said it’s “possible” Moscow could replace its US dollar reserves with digital currencies, but warns it requires extreme effort from the government. In an interview with Interfax, Pankin confirmed Russia’s intentions that also include the usage of US dollars in settlement with foreign partners. This is not a new issue as Russia has considered reducing the share of US dollars in its own National Welfare Fund worth $186bn. Not only…

GBP/USD Daily Forecast – British Pound Continues To Rebound Against U.S. Dollar

British Pound Moves Higher Against U.S. Dollar GBP/USD is currently trying to settle above the resistance at 1.3780 while the U.S. dollar is losing ground against a broad basket of currencies. The U.S. Dollar Index has managed to get below the support level at 93.75 and is moving towards the next support which is located near the 50 EMA at 93.40. In case the U.S. Dollar index gets to the test of this level, GBP/USD will get more support. Yesterday,…

Dollar trading sideways The US dollar continued to tread water versus the major currencies on Friday. The dollar index maintaining a 94.00 close for the third day in a row. EUR/USD remains unchanged at 1.1590, while sterling strength was offset by yen weakness in the index. Early selling pressure on the US dollar was alleviated as US yields firmed across the curve after the strong Retail Sales data on Friday. While EUR/USD trades sideways at 1.1590, the sterling continues to…

USD/JPY Price Forecast – US Dollar Continues to Rally Against Yen

The US dollar has been like a freight train running acraoss the Japanese yen over the last couple of weeks, but when you look around the Forex markets, this is more or less the Japanese yen story than it is a US dollar related one. After all, we have seen the Japanese yen crater against the British pound, the Swiss franc, and the Australian dollar. In other words, against almost anything. This does not even count the XAU/JPY spot market.…

Banknotes of Euro, Hong Kong dollar, U.S. dollar, Japanese yen, GB pound and Chinese 100 yuan are seen in this picture illustration, in Beijing, China, January 21, 2016. REUTERS/Jason Lee/File Photo Yen sets fresh three-year low against the greenback Euro slides to lowest since July 2020 against dollar Energy prices stoke inflation concerns U.S. CPI data to be released on Wednesday NEW YORK, Oct 12 (Reuters) – The dollar hit a one-year high on Tuesday on expectations the U.S. Federal…