US Dollar Index flat lines above 99.00 on hope for compromise in US-China trade war

US Dollar Index flat lines above 99.00 on hope for compromise in US-China trade war

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six global currencies, is trading flat near 99.25 during the early Asian session on Tuesday. The DXY remained flat as US President Donald Trump eased his rhetoric against tariffs on China. Federal Reserve Chairman Jerome … Read more

New Zealand Dollar gains ground to near 0.5750 as traders hope for compromise in US-China trade war

New Zealand Dollar gains ground to near 0.5750 as traders hope for compromise in US-China trade war

The NZD/USD pair rose to approach 0.5740 during Asian trading hours on Monday. The New Zealand Dollar (NZD) rose against the US Dollar (USD) as traders hoped the US would ease its recent escalation of the trade war with China. US President Donald Trump on Friday threatened to impose an additional 100% tariff on Chinese … Read more

US–China tariff truce boosts sentiment; CPI, Fed outlook in focus

US–China tariff truce boosts sentiment; CPI, Fed outlook in focus

The dollar is trading near 1.3945, and it extends on Friday and distinguishes its fourth consecutive session of the gains. The United States raises – China Trade is global risk morale, and Greenback’s support. The markets are waiting for US CPI data on Tuesday, federal reserve comments, and broader macro updates. The US dollar (USD) … Read more