US Dollar index at the bottom over past 3 years

Posted 24 January, 2018

The US dollar has touched a 3-year bottom vs the majors on persisting fears that the greenback can lose its earning power, while central banks start closing monetary stimulus programmes.

The US Dollar index has been below 90.00 for the first time since December 2014, falling to some 89.60.

In this situation, the euro has reached its top price over 3 years thanks to the current US dollar slump; the sterling has hit the peak since June 2016. Specifically, the euro was even at $1.2324 and the sterling – $1.4035.

Negative performance was recorded against Japanese yen as well. In that pair, the American currency moved below the 110 mark for the first time over the past 4 months. The yen has got stronger over the recent weeks, as the Bank of Japan reduced long-term bonds buying in early January, which summoned fears that the bank was about to shutdown monetary stimulus programmes.

During the session, the greenback dropped even to JPY 109.80. Month-to-date US dollar has lost around 2.5% against the yen, which is probably the biggest drop y-o-y.

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24 January, 2018 12:40

← Euro-area PMI rises counter to forecasts

In January 2018, PMI index of 19 euro-area countries increased to 58.6 (58.1) according to the preliminary estimate of  IHS Markit. At the same time, market experts expected a decline to 57.9. Besides, the rate has posted new peak since 2006 on better performance in the service sector. For reference, the rate above 50 shows growing business activity. With the current figures, GDP growth in...

Euro-area PMI rises counter to forecasts

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23 January, 2018 17:42

US dollar posts upturn vs Canadian currency →

The greenback has strengthened vs the Canadian dollar today. Yet, the American currency might show restrained upward potential, which is said to be related to the fact that demand for local currency failed to get support from the US government return. At the same time, the Canadian dollar was likely to get stimulus from more expensive oil.

US dollar posts upturn vs Canadian currency
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