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Dollar index (USDX) continues to lose ground after Fed decision
The dollar is now losing more ground. The USD/JPY has fallen further below 151.00 and the EUR/USD has now lifted above 1.09. The GBP/USD is lifting to around 1.2775 and so the USD index (USDX) has fallen back quite hard this evening. The index topped out earlier today at 104.14. It is now falling below 103.50. That is quite some move lower and of course the charge higher in stocks, to record levels and lower US bond yields are fuelling this move. Perhaps when it comes to stocks the move is a little irrational, but right now the bulls seem to need little excuse to press the BUY button this evening.
Market News
All News-
US stocks kick off in the red but opening losses pared- check out the Nasdaq 100 now
The US stock markets have not long ago opened for live trading and it has been an across the board lower start to the new trading session. The dollar... -
EUR/USD under pressure again
The two aforementioned US data releases have now come out and in dollar reaction terms they were broadly positive, especially the Philadelphia Fed... -
Next up US jobless claims and Philly index- USD/JPY primed to move again?
Shortly at 12.30pm GMT we will get some reasonably important US economic releases. The first is the usual weekly jobless claims, which are perhaps...
