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The dollar index remains under increased pressure and trading near new three-year low after it opened with gap-lower at the start of the week. Turbulent situation on escalation of US-China trade war was fueled by President Trump’s latest criticism of Fed Chair Powel and signals that Powel could be replaced as the central bank does […]

The post Dollar Index Falls to Three Year Low as Fundamentals Deteriorate appeared first on Action Forex.

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09/04/2024

Australian Dollar Extends Gains Despite Soft Confidence Data

The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6620, up 0.25%. Consumer confidence sags Australian consumers have been pessimistic about the economy and their mood soured even more in April. The Westpac consumer confidence index fell 2.4% to 82.4, well below the 100 line which separates […]
20/03/2025

Gold: Limited Dips Seen as Positioning for Fresh Gains

Gold eases from new all-time high ($3057) on Thursday, as strongly overbought daily studies prompted partial profit taking, while stronger dollar also pressured metal’s price. Gold price advanced strongly after a recent consolidation and broke the $3000 milestone, lifted by increased safe haven demand. Growing concerns about the magnitude of negative impact from trade war, […]
09/05/2024

Japanese Yen Lower After BoJ Minutes

The Japanese yen has posted a three-day slide and is in negative territory on Thursday. USD/JPY has risen 0.26% on the day and is trading at 155.93 at the time of writing. Is the BoJ turning hawkish? The Bank of Japan released its Summary of Opinions from its April 26th meeting earlier today. The meeting […]