US Dollar recovers after soft jobless claims

EURUSD slumped below 1.0900 in Thursday’s American trading. The major currency pair weakened as the Dollar recovers strongly on soft US Initial Jobless Claims data for the week ending August 2. Individuals claiming jobless benefits for the first time came in lower at 233,000 than estimates of 240,000, and the prior release of 249K. The DXY Dollar Index, which tracks the greenback’s value against six major currencies, bounced back to near 103.40. While the near-term outlook of the shared currency pair remains uncertain, with investors confident that the Federal Reserve will choose an aggressive monetary policy stance to tame upside risks to potential US economic slowdown. According to the CME

Silver bounces back to $34 on safe-haven bid

financialmirror.com - 24/Oct 14:54

The price of Silver (XAGUSD) rebounds strongly above $34.00 in Thursday’s European session after declining to near $33.40 on Wednesday. The white...

Euro vulnerable on firm Dollar, ECB dovish bets

financialmirror.com - 22/Oct 10:52

EURUSD is trading close to a fresh 11-week low near the round-level support of 1.0800 in Tuesday’s European session. The major currency pair is...

Un-spooky Halloween: PCE, Jobless Claims Tame

zacks.com - 31/Oct 14:32

It's hard to wish for a more in-line PCE report, especially considering it's the preferred print on inflation for the Fed.

Egyptian pound continues to weaken as dollar price rises in 9 major banks

egyptindependent.com - 24/Oct 07:21

The Egyptian pound continued to lose ground against the US dollar, with the greenback’s price increasing in nine major Egyptian banks. The following...