Create Account

Dollar falls against major currencies

Loading exchange rates…

The Dollar declined against other major currencies for the third consecutive day on Tuesday, weakening what has been a lengthy rally for the greenback. China’s Yuan was steadier after a sharp drop that has seen it fall over 6% in a month. It was last trading at 6.7795 against the Dollar. In addition, the Euro rose slightly to $1.0442 on Tuesday, whilst the Australian and New Zealand Dollars each edged up around 0.5%.


The Dollar index is now sitting at 104.169, around 0.8% lower than the 20-year high of 105.010 hit last week.


"We're shifting from an inflation story to a growth story," said John Briggs, global head strategy at NatWest Markets.


However, the Dollar has stayed above parity against the Swiss Franc, Reuters reports, reached a new all-time high versus the Indian Rupee on Tuesday and hit its highest against Indonesia's Rupiah since 2020.


Furthermore, as Shanghai moves closer to the lockdown ending, the Yuan steadied. "Dollar/(Yuan) has been a big driver of G10 currencies," according to Chris Weston, head of research at brokerage Pepperstone in Melbourne.


The Aussie has rallied over 2.5% from a two-year dip hit last week and on Tuesday was above 70 cents at $0.7002. The New Zealand Dollar has risen 2% to stand at $0.6333.


The Aussie may be bolstered further from rate hike forecasts should wages data surpass expectations.


"We think an upward surprise of 1% quarter/quarter growth in tomorrow's wage price index could be enough to get the Reserve Bank of Australia over the line for (a) 40 basis point (hike)," said ANZ Bank analysts.


Moreover, Sterling has moved up around 1.5% from a two-year trough to $1.2341 on Tuesday. The Japanese Yen was at 129.37 per Dollar, remaining above a 20-year low.

Euro’s slide slows as French bond markets stabilise

The Euro was on track for a fifth consecutive weekly decline on Friday, although signs emerged that selling pressure was easing as France’s bond market stabilised and falling US Treasury yields tempered the Dollar’s rally.
Click here

Pound dips as markets await Bailey’s rate clues

The British Pound edged lower against both the US Dollar and Euro on Thursday, as investors awaited a speech by Bank of England Governor Andrew Bailey that could provide clues about the central bank’s next interest rate decision.
Click here

Dollar advances as oil tops $100 and Fed takes centre stage 

The US Dollar edged higher on Wednesday, supported by rising oil prices, as investors awaited the Federal Reserve’s meeting minutes and comments from policymakers for clues about the outlook for interest rates.
Click here

Euro rout deepens as France’s fiscal risks intensify

The Euro fell sharply on Monday to a 17-month low as mounting fiscal concerns in France, coupled with a severe sell-off in the bond market, raised fears of contagion across the region.
Click here

Greenback surges to 17-month high as bond selloff rattles Euro

The US Dollar was on track for a third consecutive weekly gain on Friday, supported by a global bond selloff fuelled by inflation concerns over higher oil prices and mounting worries about France’s fiscal position. Meanwhile, the Euro remained near a 17-month low.
Click here

Dollar hits fresh three-month high as yields support greenback

The US Dollar climbed to a more than three-month high on Thursday, underpinned by a sustained rise in US Treasury yields. The increase in yields has been partly fuelled by concerns that the US-Israeli conflict with Iran could keep global price pressures elevated.
Click here

create account

Corporate Client
Private Client

Contact Us

deVere FX Queries

6th Floor, ABSA house,
Ebene Cybercity,
Mauritius,

J. Balcikonio str. 9,
LT- 08314, Vilnius,
Lithuania,

media contact

About

deVere Group – Foreign Exchange’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines.

Contact

Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Group – Foreign Exchange’s Head of Public Relations on [email protected] or call +44 2071220925.

Enquiries

deVere FX Queries

6th Floor, ABSA house,
Ebene Cybercity,
Mauritius,
J. Balcikonio str. 9,
LT- 08314, Vilnius,
Lithuania,

media contact

About

deVere Group – Foreign Exchange’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines.

Contact

Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Group – Foreign Exchange’s Head of Public Relations on [email protected] or call +44 2071220925.