Forex Market Review: Dollar Gains as Eurozone Growth Slows
United States of America. The US dollar is strengthening against the euro and the pound, while showing mixed performance against the yen.
Markets
19
October
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By Sagar Dua - 29
Last week, the AUD/USD pair showed mixed dynamics: it initially fell to a multi-month low near 0.6890 before recovering its losses and reaching 0.6980.
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By Sagar Dua
- 31
Against the backdrop of the local weakness of the US currency, the USD/JPY pair is correcting within an upward trend, trading near 158.15 and returning toward this year's average price area around 160.00.
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By Sagar Dua
- 49
Against the backdrop of a local strengthening of the euro, the EUR/USD pair is moving within a corrective trend near 1.1231, following a pullback in the US dollar on Friday.
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By Sagar Dua
- 28
The DAX 40 index of the Frankfurt Stock Exchange continues to correct, trading near 25598.0 amid escalating geopolitical tensions in the Persian Gulf region.
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By Sagar Dua
- 37
Shares of GE Aerospace (formerly General Electric Co.), a US aerospace and aviation technology company, are trading near 313.00.
16
October
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By Sagar Dua
- 36
Australia's benchmark ASX 200 index is showing a local upward trend, trading near 8816.0 during the session.
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By Sagar Dua
- 38
Against the backdrop of a weakening US dollar, the USD/CHF pair has declined toward 0.8271, while the Swiss franc maintains relatively stable positions against most major world currencies.
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By Sagar Dua
- 37
Against the backdrop of weak US dollar performance, the USD/CAD pair is trading near 1.4176, remaining under pressure from positive Canadian macroeconomic data, as also discussed in our previous USD/CAD forecast.
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By John Isige - 79
Shares of Meta Platforms Inc. (META), the US multinational technology company that owns Facebook and other major social media platforms, are trading near 736.00.
15
October
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By Sagar Dua
- 58
The NZD/USD pair is moving within a long-term downward trend, forming a corresponding channel, and is currently stabilising near 0.5600 amid monetary and political uncertainty.
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