Currency Analysis & Comment

Against all odds, the euro climbed to its strongest level versus the U.S. dollar in more than two years. Not only was the single currency the day’s best performer, but it surged well above 1.20,...

The U.S. Dollar Index plummeted to a 2.5-year low on Monday as investors worry about rising virus cases, fresh lockdowns, holiday spending and the Federal Reserve. With U.S. virus cases topping 4...

The article was written exclusively for Investing.comThe GBP/CHF might not be everyone’s cup of tea, but THIS cup and handle formation certainly makes it a market for bullish speculators to...

Traditionally, investors expect the financial markets to be quiet and consolidative during shortened trading weeks. There’s usually less participation and less liquidity as investors square...

Dollar whipsaws against euro, sterling Currency markets were whipsawed last night, with the dollar index trading in a near 80-point range before closing almost unchanged. The dollar was boosted by...

The US dollar drifted lower overnight following disappointing US Retail Sales and with increasing concerns about the downstream effects of the resurgent Covid-19 pandemic. The data saw US Treasury...

The US dollar extended its slide against all of the major currencies on Friday despite the recovery in stocks. As we’ve often said, currency traders are generally more cautious than...

This article was written exclusively for Investing.comThis week’s star performer in FX, the Turkish lira, continued to push higher on Friday, as it extended its gains to more than 10% against...

US dollar down slightly in AsiaOvernight the US dollar consolidated on forex markets, with the dollar index almost unchanged at 92.75. Amongst the major currencies, the Japanese yen retraced some of...

The US dollar traded sharply higher against all of the major currencies on Monday after Pfizer (NYSE:PFE) said their COVID-19 vaccine is 90% effective in preventing the virus. While Pfizer’s...

US dollar retreats as regular service resumesThe US dollar index finished just 0.12% lower at 93.44 yesterday, but that belied the volatile nature of election day trading. The G-10 currencies traded...

November kicks off with one of the most closely watched elections in US history, widespread COVID-19 lockdowns in Europe, three central bank monetary policy announcements and labor market reports from...

Most of the major currencies traded lower against the U.S. dollar Friday as the Dow Jones Industrial Average tumbled more than 300 points. At one stage, stocks were down over 500 points but came off...

The European Central Bank left monetary policy unchanged today, but the euro sold off aggressively after President Christine Lagarde confirmed that more easing is on its way. The central bank is...