A change in the FOMC statement reflecting renewed concerns about persistently low inflation would validate this shift, weighing on the US Dollar. Alternatively, a restatement of the status quo would hint the markets' newfound dovish lean has over ...
The US dollar was sold off on a weaker-than-expected reading of US durable goods orders last month. But most currency traders are waiting for Thursday morning's announcement from the US Federal Reserve after its two-day policy meeting, when more ...
U.S. midterm elections on Tuesday could have significant implications for economic growth, policy and the U.S. dollar. Since World War II, the greenback has risen an average of 6% per year in the second half of a Democratic president's term.
The ruble dropped past the 43 to the U.S. dollar mark late Wednesday and past the 55 to the euro mark Thursday amid an ongoing rout for the Russian currency as traders and investors sell rubles ahead of a Central Bank meeting this Friday.
The dollar index .DXY climbed as far as 86.491 - a high last seen on Oct. 6 - after U.S. gross domestic product grew at an annual pace of 3.5 percent in the third quarter, beating forecasts for 3.0 percent.
This was the clearest indication yet that Russia is serious about its plan to shift away from using the US dollar. Western sanctions against Russia have accelerated this process and encouraged Russia's close economic alliance with China.
Can't access the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. **. US DOLLAR TECHNICAL ANALYSIS - Prices appear to be on track to resume its longer-term rising trend after completing a Flag continuation pattern last week.