US Dollar Edges Up 0.2% Against Euro

Mortgage Rates

The US dollar nudged up against euro, lifted by higher Treasury yields as global inflation worries flared anew. The dollar index, which measures the currency against six major peers, including the euro, rose 0.2% to 101.96, extending Tuesday’s gains, when data showed euro zone consumer inflation soaring to a record.

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US Dollar Edges Up 0.2% Against Euro via @marketinvestor

Russian Rouble Rallies Past 62 vs US Dollar

Rouble

On Monday the rouble firmed sharply in volatile trade on the Moscow Exchange, reversing some of last week’s heavy losses as it retained support from capital controls and Russia’s strong trade account.The rouble plunged last week as the central bank slashed interest rates, signalling more cuts.

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Russian Rouble Rallies Past 62 vs US Dollar via @marketinvestor

US Dollar Steady Near 1 Month Low Today

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On Thursday the US dollar was little changed, hovering above a one-month low, as minutes from the Federal Reserve’s May meeting contained few surprises, with most participants favouring additional 50 basis point rate hikes at the June and July meetings.

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US Dollar Steady Near 1 Month Low Today via @marketinvestor

US Dollar At 77.50 Against Indian Rupee

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US dollar remains directionless around 78.50 during today’s Asian session, trimming the first weekly gain in three around an all-time high. The Indian rupee pair’s recent moves could be linked to the traders’ indecision and sluggish markets.

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US Dollar At 77.50 Against Indian Rupee via @marketinvestor

US Dollar Index Regains the Targets 103.00

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The US Dollar Index, which gauges the greenback vs. a basket of its main competitors, manages to leave behind Wednesday’s pullback and advances modestly on Thursday. The US dollar index reverses two consecutive daily pullbacks and retargets the 103.00 region after bottoming out near 102.30 during the Asian trading hours, as market participants continue to digest the latest FOMC event.

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US Dollar Index Regains the Targets 103.00 via @marketinvestor

US Dollar Approaches 20-Year Highs

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The US dollar held just below a 20-year high against a basket of currencies on Monday before an expected Federal Reserve rate hike this week, with traders focused on the potential for the U.S. central bank to adopt an even more hawkish tone than expected.

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US Dollar Approaches 20-Year Highs via @marketinvestor

US Dollar Price Corrective Drop could Extend to 101

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Following nearly two decade US dollar highs around 104.00, US dollar index is finally facing some corrective downside at the end of the week. There is still scope for further downside, as the index keeps navigating the overbought territory, as per the daily RSI around 75.

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US Dollar Price Corrective Drop could Extend to 101 via @marketinvestor

US Dollar Little Changed Ahead of Fed Minutes

Mortgage Rates

The US dollar was flat to slightly higher on Wednesday, retreating from sharp gains the previous session following hawkish comments from one of the Federal Reserve’s top officials, as investors looked to the release of the U.S. central bank’s minutes of its last monetary policy meeting.

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US Dollar Little Changed Ahead of Fed Minutes via @marketinvestor