Dollar

2024 - 2 - 22

Dollar Dips: Market Optimism and PMI Data Impact Currency Prices

Currency Market - Forex Trading - Gold Prices - Market Optimism - Nigerian Naira - US Dollar

๐Ÿ“‰ The dollar's recent fall is linked to market highs and PMI data releases. Find out more about the impact on currency trading! ๐Ÿ’ธ

The dollar experienced a decline as share markets reached record highs, sparking optimism in various asset classes. Traders analyzed a multitude of PMI data releases, contributing to the currency's dip. Major currencies like the euro, sterling, and Australian dollar saw increases, while the Canadian dollar and Swiss franc also strengthened. Despite the rally, the dollar faced challenges, hinting at a potential recovery soon.

EUR/USD analysis revealed that the dollar's weakness may be temporary, with mixed Eurozone PMIs shifting focus to upcoming US data. Meanwhile, technical analysis of EUR/USD highlighted the ongoing market dynamics shaping the exchange rate.

European trading sessions witnessed further weakening of the dollar despite initial gains, driven by factors like disappointing German PMI figures. However, experts suggest that the dollar's decline might be limited, hinting at a possible reversal in the near future.

In a continuation of the trend, the dollar struggled at the onset of European morning trade, facing pressure as risk trades maintained higher positions post-Nvidia earnings. The fluctuating nature of currency markets remains a critical factor in navigating currency trading strategies.

Interesting Fact: Despite the dollar's recent dip, fundamental indicators point towards a potential recovery in the near future, indicating a dynamic market environment. Additionally, the impact of PMI data releases highlights the significance of economic indicators on currency valuations, shaping trading decisions in the forex market.

Dollar dips as most PMI data releases add to market optimism ... (Hellenic Shipping News Worldwide)

The dollar fell on Thursday as share markets hitting record highs drove optimism across asset classes and traders digested a slew of largely ...

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Image courtesy of "FXStreet"

Risk on, Dollar sold (FXStreet)

The euro, sterling, and the Australian dollar reached their best levels since the February 2 US employment report. The Canadian dollar and Swiss franc are at ...

FOREX-Dollar dips as rally peters out, most PMI data adds to market ... (Yahoo Finance)

The dollar fell on Thursday as share markets hitting record highs drove optimism across asset classes and traders digested a slew of largely ...

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Image courtesy of "City Index"

EUR/USD analysis: Dollar weakness could be temporary (City Index)

EUR/USD analysis: Eurozone PMIs mixed as focus turns to US data, but dollar's weakness not fundamentally justified. Meanwhile EUR/USD technical analysis ...

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Image courtesy of "Investing.com"

US Dollar Weakens but Fundamentals Point to Recovery Soon ... (Investing.com)

European trading sees further dollar weakening despite initial gains, driven by disappointing German PMI figures. Dollar's decline may be limited, however, ...

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Image courtesy of "ForexLive"

Dollar struggles to start European morning trade (ForexLive)

The greenback falls across the board as risk trades hold higher post-Nvidia earnings.

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Image courtesy of "Reuters"

Dollar dips as rally peters out, most PMI data adds to market optimism (Reuters)

The dollar fell on Thursday as share markets hitting record highs drove optimism across asset classes and traders digested a slew of largely ...

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Image courtesy of "FOREX.com"

EUR/USD analysis: Dollar weakness could be temporary (FOREX.com)

EUR/USD analysis: Eurozone PMIs mixed as focus turns to US data, but dollar's weakness not fundamentally justified. Meanwhile EUR/USD technical analysis ...

Dollar Weakens Against Most Major Currencies (The Wall Street Journal)

Improving U.K. · Sterling Edges Lower Versus Euro After U.K. · Sterling Could Slip if U.K. · Dollar Falls as Equities Rally Overrides Fed Minutes · Eurozone PMI ...

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Image courtesy of "FXStreet"

Dollar turns the tables (FXStreet)

Something important happened in the currency markets on Thursday. The initial and relatively sharp fall of 0.7% in the dollar index was reversed, and now, ...

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Image courtesy of "FOREX.com"

EUR/USD analysis: Dollar weakness could be temporary (FOREX.com)

EUR/USD analysis: Eurozone PMIs mixed as focus turns to US data, but dollar's weakness not fundamentally justified. Meanwhile EUR/USD technical analysis ...

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Image courtesy of "Reuters.com"

Gold slips as dollar firms after US data signals resilient economy (Reuters.com)

Gold prices fell from a near two-week high on Thursday, driven by a firm U.S. dollar after jobless claims data indicated a strong economy, while investors ...

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Image courtesy of "Barron's"

Stock Market Today: Nvidia Earnings Rally Drives S&P 500 to ... (Barron's)

The dollar decouples from Treasury yields and weakens as Nvidia's strong results and guidance excites risk appetite across global markets.

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Image courtesy of "DailyFX"

Gold Prices Rise Again On Weaker Dollar, Geopolitics Dominate (DailyFX)

The prospect of higher-for-longer rates is a headwind for gold, but the markets still think cuts will come, and that's supportive.

FOREX-Dollar rebounds from three-week low, data in focus (Yahoo Finance)

The dollar index rebounded on Thursday after earlier hitting a three-week low as investors waited on new data catalysts for clues on when the U.S. Federal ...

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Image courtesy of "Economies.com"

Dollar sharpens decline to three-week trough ahead of major US data (Economies.com)

Dollar fell in European trade on Thursday against a basket of major rivals, extending losses for the seventh straight session and hitting a three-week ...

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Image courtesy of "The Business Times"

US dollar dips as rally peters out, most PMI data adds to market ... (The Business Times)

THE US dollar fell on Thursday (Feb 22) as share markets hitting record highs drove optimism across asset classes and traders digested a slew of largely ...

FOREX-Dollar dips, data stays in focus for Fed clues (Yahoo Eurosport UK)

The dollar index dipped on Thursday but came off of a three-week low as investors waited on new data catalysts for clues on when the U.S. Federal Reserve is ...

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Image courtesy of "CHANNELS TELEVISION"

Dollar To Naira Exchange Rate 22 February 2024 (CHANNELS TELEVISION)

Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage ...

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Image courtesy of "Daily Post Nigeria"

US Dollar supply surges by 51% in forex market as Naira records gain (Daily Post Nigeria)

The US Dollar supply turnover at Wednesday's official foreign exchange market surged by 51 per cent to $240.72 million as the Naira recorded marginal.

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Image courtesy of "Businessday.ng"

Naira gains for second straight day amid rising bank dollar sales (Businessday.ng)

The Nigerian naira gained for the second straight day on Wednesday as liquidity improved in the official market, bringing much-needed...

Dollar rebounds from three-week low, data in focus | Hellenic ... (Hellenic Shipping News Worldwide)

The greenback has bounced this year as strong growth and sticky inflation leads traders to push back expectations on when the U.S. central bank will begin ...

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Image courtesy of "tastytrade"

U.S. Dollar Decouples from Treasuries for a Simple Reason (tastytrade)

Fed rate-cut odds for March and May are at their lowest levels of the year, helping push up U.S. Treasury yields to multi-month highs in recent days.

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Image courtesy of "FXStreet"

US Dollar bulls struggle to gain further ground, losses limited by ... (FXStreet)

The US Dollar Index (DXY) saw a slight upswing to 104.10 in Thursday's session following the release of mixed economic activity data and positive labor ...

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Image courtesy of "City Index"

US dollar weakness might be short lived: The Week Ahead (City Index)

The US dollar shows the potential to retrace some of the week's losses in light of hawkish Fed comments.

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Image courtesy of "Reuters"

Rupee's upward momentum runs into Fed, dollar buying by oil ... (Reuters)

The Indian rupee struggled to build on its upward momentum on Friday, on dollar demand from oil companies and other importers, and the Federal Reserve's ...

INR Flat Around 82.90 Per US Dollar After Hitting One Month High ... (Business Standard)

The benchmark S&P/BSE Sensex jumped 535.15 points, or 0.74 percent, to 73,158.24, reflecting sharp gains elsewhere across global markets. The broader NSE Nifty ...

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Image courtesy of "The Hindu"

Rupee turns flat against U.S. dollar in early trade (The Hindu)

The Rupee traded on a flat note at 82.85 against the U.S. dollar in early trade on February 23 amid outflow of foreign funds and volatile crude oil prices ...

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Image courtesy of "Deccan Herald"

Rupee rises 13 paise to close at 82.83 against US dollar (Deccan Herald)

Forex traders said elevated crude oil prices weighed on the local unit and restricted a sharp uptick. PTI.

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Image courtesy of "FXStreet"

US Dollar Index holds below the 104.00 mark, investors await fresh ... (FXStreet)

DXY trades on a softer note as traders await fresh catalysts on when the Federal Reserve (Fed) will begin cutting interest rates. At press time, DXY is trading ...

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Image courtesy of "Deccan Herald"

Rupee turns flat at 82.85 against US dollar in early trade (Deccan Herald)

Brent crude futures, the global oil benchmark, declined 0.42 per cent to $83.32 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading ...

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Image courtesy of "NDTV Profit"

Rupee Closes Weaker Against U.S. Dollar (NDTV Profit)

The Indian rupee closed weaker against the U.S. dollar on Friday after a surge in crude oil prices. The local currency weakened 10 paise to close at Rs ...

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