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The Dollar rallied broadly in N.Y. on Monday, taking the DXY to two-plus month highs of 92.44, up from overnight lows of 92.00. USD short-covering appeared to be the main driver through the session, which was prompted by the better ADP jobs report, and the advent of month and quarter-end. The higher

Trade is likely to be thinned this week by Thanksgiving in the United States, but the virus’ resurgence has traders once again monitoring COVID-19 cases and governments’ responses. USDIndex at 16-month highs above 96.00. Yields: 10-year Treasury rate is up 1.4 bp at 1.57%, while across the Asia Paci

What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar gains strength compared to the othe

The dollar was on a shaky footing against the yen on Wednesday with a major trade deal sealed. Treasury Secretary Scott Bessent said the quality of trade agreements outweighs the timing. Trump on Tuesday stateside announced a "massive" deal with Japan that includes "reciprocal" tariffs of 15% on the

The Canadian dollar moved sideways after the latest interest rate decision by the Bank of Canada. The bank decided to hike interest rates by 0.50%. Pushing the overnight rate to 1.50%. In addition, Tiff Macklem warned that more rate hikes were necessary to curb the soaring inflation. This was more h

Time to stop overlooking USD/JPY – the currency pair is moving fast and has hit 115.88, the highest since 2017. Yohay Elam, Analyst at FXStreet, explains what moves USD/JPY and what is next after hitting four-year highs. USD/JPY provides the best reactions to yields and US data “In general, USD/JPY

West Virginia Senator Joe Manchin recently dealt a blow to the Biden administration with regard to its environmental, aka green agenda, when the Senator said he would vote no on the President's $1.9 trillion Build Back Better initiative. The legislation included items that would shift the US from fo