The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, is trading at 107.83 after the US Nonfarm Payrolls (NFP) report. Once again, the rule of thumb proves that buying the rumor and selling the fact pays off. With market expectations too high, betting on a weaker result, a knee-jerk reaction occurred and prevented the DXY from falling below 107.35.
The actual Nonfarm Payrolls data came in at 143,000, below the consensus of 170,000, compared to 256,000 in December. The range of estimates was between 105,000 at the low end and 240,000 at the high end. With the 143,000 result, the figure is at the low end, but still within the range. Hence the response was rather muted and the DXY held above 107.35. (Newsmaker23)
Source: FXstreet
The USD/CHF pair weakened for the third consecutive day and traded around 0.7960 in early European trading on Tuesday. The Swiss franc strengthened on increased demand for safe haven assets, following...
The US Dollar Index (DXY) trended sluggishly around 99.06 on Monday (January 19th), as liquidity thinned as US markets were closed for Martin Luther King Jr. Day. Despite limited movement, global sent...
The US dollar is expected to rise for a third straight day on Thursday (January 8), but trading remains cautious as investors position themselves ahead of Friday's Nonfarm Payrolls (NFP) report. Recen...
The dollar index edged up to 98.5 on Tuesday, its strongest level in more than two weeks, as investors focused on a slate of key economic data for the US. Recent indicators have pointed to some soften...
The US dollar opened 2026 weakly on Friday. Throughout last year, the dollar was pressured by many major currencies due to narrowing interest rate differentials between the US and other countries. Con...
Gold prices briefly caused a stir after hitting a new record, but then slowed. The main trigger: US President Donald Trump withheld the threat of tariffs on Europe and claimed there was a "framework" for a future agreement on Greenland. This calmer...
Oil prices were little changed in Asian trading on Thursday after US President Donald Trump backed down from a threat to impose tariffs on European countries over Greenland. This decision helped ease geopolitical tensions and improve market...
The Nikkei 225 Index climbed 1.73% to close at 53,689, while the broader Topix Index rose 0.74% to 3,616 on Thursday, snapping a five-day losing streak as Japanese shares were lifted by a strong rally in chip and artificial intelligence related...