The Euro-Dollar currency pair struggles to hold the key support of 1.1100 in Tuesday’s European session after a sharp decline on Monday. EURUSD...
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The EURUSD extended its recovery to 1.0740 in Tuesday’s European trading, with the major currency pair rising as growing optimism for the Fed to reduce interest rates twice this year has increased investors’ risk appetite. The US Dollar Index (DXY), which tracks the greenback’s value against six major currencies, has dropped to 105.40 as demand for safe-haven assets has eased. The DXY Index corrected even though the preliminary US S&P Global Purchasing Managers Index (PMI) unexpectedly beat the consensus and its prior numbers in June. This week, investors will focus on the US core Personal Consumption Expenditure price index (PCE)
The Euro-Dollar currency pair struggles to hold the key support of 1.1100 in Tuesday’s European session after a sharp decline on Monday. EURUSD...
The EURUSD pair is trading flat in the early European session on Thursday after the first cut in U.S. interest rates in four years. The major pair...
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By Vance Ginn The Federal Reserve’srecent decisionto cut the federal funds rate by 50 basis points to a range of 4.75 percent to 5 percent,...
The US Federal Reserve will conclude its two-day policy meeting and announce the interest rate decision on Wednesday. For the first time in a very...
The US Federal Reserve will conclude its two-day policy meeting and announce the interest rate decision on Wednesday. For the first time in a very...
BAKU, Azerbaijan — Azerbaijan's currency market exhibited a pattern of stability and minor fluctuations across major currencies this week, according...