|Day's range||1.319 - 1.329|
|52-week range||1.2062 - 1.3336|
Investing.com - The dollar rose to the day’s highs against a currency basket on Tuesday and pared back some losses against the safe haven yen as heightened trade tensions between the U.S. and China soured risk appetite.
In case if the pair continue trading southwards after 1.1440, the 1.1370, the 1.1330 and the 1.1300 may please the Bears. Assuming that the pair reverses from current levels, the 1.1650 and the 1.1730 can act as immediate resistances before highlighting the 1.1835-50 area for one more time. Alike EURUSD, the NZDUSD is also near to important support-zone, namely the 0.6885-80, but break of which might not trigger the pair’s plunge as an upward slanting trend-line, at 0.6860 now, could still challenge the sellers.
Investing.com - The dollar fell to one-week lows against the safe haven yen on Tuesday as escalating trade tensions between the U.S. and China weighed on market sentiment.
Investing.com – The U.S. dollar was roughly unchanged against its rivals Monday as trade-war angst fuelled demand for safe-haven currencies, keeping a lid on upside momentum in the greenback.
Investing.com - The dollar pushed higher against a currency basket on Monday, boosted by the diverging monetary policy outlook between the U.S. and Europe, while the yen remained supported as trade tensions underpinned safe haven demand.
Is the trade war on? Following China’s response to the U.S tariffs on China exports to the U.S, it could get ugly, with Trump’s first tweet of the week likely to have a material bearing of risk sentiment through the week.
The US dollar has exploded to the upside during the week, breaking through a significant amount of resistance against the Canadian dollar. Oil markets course could help if they start to fall, but quite frankly I think a lot of this has to do with fears about trade spat between the US and Canada.
The US dollar has rallied significantly on Friday against the Canadian dollar, as there has been a bit of a “risk off” move during the day as tariffs were slapped on the Chinese by the Americans, that of course has the commodity currencies falling overall.
Investing.com – The U.S. dollar retreated Friday as the U.S. said it would move ahead with hefty tariffs on Chinese goods, raising fears of a trade war between the world's two largest economies.
The euro was steady on Friday, as the U.S. dollar fell amid trade war concerns. U.S. President Donald Trump announced a 25% tariff on $50 billion of Chinese goods on Friday, with China threatening to respond. The two largest economies in the world have been in a tit-for-tat over global trade tariffs in recent months as the two struggle to reconcile their trade differences.
The euro attempted to rally from its worst week in 19 months, as the U.S. dollar fell amid trade concerns. U.S. President Donald Trump announced he would impose tariffs on $50 billion of Chinese goods, which will be revealed on Friday. The euro was higher but still remained under pressure after the European Central Bank indicated on Thursday that it would hold interest rates steady until at least the summer of 2019.
The markets were mixed through the early part of the day, the introduction of tariffs having a mixed impact on the markets, with the Yen finding little support ahead of what will likely be a noisy day ahead for the Oval Office.
The US dollar initially fell during trading on Thursday, reaching down to the 1.2950 level. The market looks likely to see a lot of volatility, mainly because the oil markets will continue to be very noisy as Russia and OPEC continue to meet.
Investing.com – The U.S. dollar rallied to a two-week high against its rivals Thursday as a rout of the euro prompted traders to buy the greenback after the European Central Bank said it would leave interest rates unchanged until the summer of 2019.
It’s a busy time for the markets, with focus shifting to today’s inflation figures out of the UK and the ECB Press Conference later today, positioning coming in the wake of FED rate hike on Wednesday.
The US dollar rallied a bit during the trading session on Wednesday, as we reach towards the 1.3050 level. We pulled back from there, reaching towards the 1.30 level. That’s an area that was previous resistance and should now be thought of as potential support. Although this pair is going to continue to be very noisy, the reality is that we certainly have an upward proclivity.
Investing.com – The U.S. dollar fell against its rivals despite upbeat economic data pointing to signs of faster inflation as traders awaited the Federal Reserve's interest rate decision due 2PM ET.
Market players are unlikely to be overly surprised if the Federal Reserve raises US interest rates by another 25 basis points this afternoon, as this has been widely expected by many.
For the FX traders, today is all about the FED and all the events surrounding this institution like the rate decision, statement and economic projections. USDCAD is attacking the upper line of the ascending triangle pattern. H4 candle closing above the horizontal resistance will give us a mid-term buy signal.
The US dollar has gone back and forth during the trading session on Tuesday, as we await oil inventory figure numbers, a resolution to the recent spat between Justin Trudeau and Donald Trump, and of course the overall economic situation in the two countries.
Investing.com – The U.S. dollar edged higher against its rivals Tuesday as upbeat U.S. inflation data reaffirmed price pressure were building as the Federal Reserve got its two-day meeting underway.