Bears taking control with 0.5930 support under pressure

Bears taking control with 0.5930 support under pressure

The New Zealand Dollar (NZD) is showing the weakest performance of the G8 currencies on Wednesday, heading lower for the second consecutive day against a stronger US Dollar (USD), with NZD/USD bears testing the bottom of the weekly range at 0.5930 at the time of writing. The US Dollar is drawing support from waning hopes […]

Stronger on hot inflation and yields – MUFG

Stronger on hot inflation and yields – MUFG

MUFG’s Michael Wan describes how a stronger US Dollar environment emerged as United States (US) April Consumer Price Index (CPI) surprised to the upside and US yields climbed. He notes that bonds sold off sharply, with the US 10-year yield near a one-year high and markets starting to price a potential Federal Reserve (Fed) rate […]

US Dollar Index remains flat after Trump’s recent Iran threats

US Dollar Index remains flat after Trump’s recent Iran threats

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after two days of gains and trading around 98.30 during the Asian hours on Wednesday. The Greenback gains ground on the volatile geopolitical climate in the Middle East following recent comments from US President […]