The EUR/USD pair was observed trading close to 1.1725 during the European session, indicating its second consecutive increase as the U.S. Dollar Index remained steady around 97.95. The decision was influenced by the markets adjusting to the increased likelihood of a U.S. government shutdown, as funding is scheduled to lapse midweek. The historical context is … Read more

The US Dollar (USD) continued its downward trend as the week closed, impacted by disappointing figures for US Nonfarm Payrolls in August (+22K jobs). The data only reinforced the strong likelihood of an interest rate cut by the Federal Reserve during its meeting on September 17-18. The US Dollar Index (DXY) relinquished the gains achieved … Read more

The EUR/USD pair is currently positioned near the 1.1650 mark, exhibiting a degree of stability following the volatile fluctuations observed on Tuesday. The pair declined to a new one-week low of 1.1608 during the early European session, subsequently rebounding. Financial markets exhibit a degree of caution in light of the upheaval in global government bonds, … Read more