Forex

Investing.com - The U.S. dollar rose in early European trade Wednesday, bouncing off two-month lows ahead of more clues of future monetary policy. 

At 03:40 ET (08:40 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.2% to 104.265, after dipping below 104 for the first time since early April earlier this week.

The dollar has gained over 3% this year, with most of this strength stemming... (continue reading...)

By Stefano Rebaudo

(Reuters) -The dollar rose ahead of key U.S. economic data on Wednesday, with investors also waiting for a monetary policy meeting in Canada that could set off a rate cutting cycle.

Investors are looking out for U.S. services data on Wednesday, and more job figures later in the week.

The greenback has languished at an almost two-month low as signs of a softening U.S. economy on Monday boosted the case for... (continue reading...)

By Hari Kishan

BENGALURU (Reuters) - The dollar's relentless strength in the recent past will make way for minor weakness over the next 12 months, according to FX strategists in a Reuters poll, who generally agreed the dollar was overvalued.

Analysts have been predicting dollar weakness just around the corner for months. But the greenback has continued to extend its dominance against most major currencies, with the dollar index up 2.9%... (continue reading...)

Investing.com – "Regarding the European Central Bank, our estimates predict that the first cut will occur during the June meeting, followed by three more cuts of 25 basis points each by the end of the year," forecasts Azad Zangana, senior European economist & strategist at Schroders on the ECB's upcoming monetary decisions.

After a brief technical recession in the second half of 2023, the Eurozone returned to growth in... (continue reading...)

Investing.com - The U.S. dollar edged higher in early European trade Tuesday, rebounding after steep overnight losses, while the euro slipped lower after weak German employment data. 

At 04:45 ET (08:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 104.165, after earlier dipping below 104 for the first time since April 9.

The dollar has stabilized Tuesday following sharp losses at the... (continue reading...)