Trading news

Dollar higher to its counterparts since 2003

Weekly synopsis

The dollar, last Friday, appreciated to its highest areas, since April 2003, versus its major counterparts, amid the U.S. Presidential outcome and that the FED will likely increase rates as of December.

U.S. dollar index stronger to 101.41

The U.S. dollar index traded to 101.41, the strongest closing level since April 2003.

The euro region's currency, the euro, lost momentum versus the greenback, thus the EUR/USD weakening at 1.0588, ending the week 2.16% lower.

On the other hand, the USD/JPY pair gained upside momentum at the 110.89 area, rising 0.71%. The USD/CHF traded to 1.0122, and the GBP/USD approached the 1.2344 level, trading 0.61% lower.

Read More

Monday, 21 Nov, 2016 / 9:35

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/dollar-higher-to-its-counterparts-since-2003

Trading news

 

2020 Olympics & The Japanese Economy

With the 2020 Olympics kicking off after a year-long delay, just how much of a [...]

Posted on Friday, 23 Jul, 2021 / 1:30 under

Fed, Inflation, And The Housing Bubble

Yesterday, the US’ second-largest homebuilder, D.R. Horton, announced [...]

Posted on Friday, 23 Jul, 2021 / 1:28 under

Stormy week ends with US stocks at record highs

  Nasdaq 100 closes at new record as investors warm up to tech [...]

Posted on Friday, 23 Jul, 2021 / 9:25 under