Market News

The U.S. Dollar Index held near to a 3-week trough following the release of the latest policy minutes from the U.S. Federal Reserve Bank which disappointed investors hoping that the greenback would soon be experiencing a revival.

The U.S. Dollar Index, used by investors worldwide to assess the greenback’s strength versus its rivals, fell and stayed close to a 3-week trough during Wednesday’s Asian trading session.

Asian stocks plummeted for the second day on Tuesday, despite the fact that the Asia-Pacific stock gauge hit a two month peak only last week.

Commodity-linked currencies saw an upswing in momentum and held onto earlier gains as the Euro and the U.S. Dollar fell out of favor with investors.

The European Central Bank surprised markets by taking a decidedly dovish stance in the comments which following the rate decision announcement.

Asian stocks rose for a seventh day in the longest rally this year, hovering near four-month highs on Thursday. News that China is taking steps to stimulate its economy sent the Japanese yen to a two-month low and spurred Tokyo's Nikkei to a three-week peak.

The Japanese Yen continues to be soft and touched on a 10-week trough versus its safe haven rival, the U.S. Dollar, as investors risk appetite remains high as traders speculate that China’s central bank might soon be providing additional stimulus in order to put growth back on track.

The Japanese Yen remained on the defensive during Tuesday’s Asian trade while the U.S. Dollar suddenly found itself in a similar predicament following unexpected comments from the Federal Reserve chief which led FX traders to speculate on the Fed’s monetary policy.

The Euro remained within striking distance of the recently struck 1-month trough versus the U.S. Dollar in lackluster Asian trade as investors await the later release of key inflation data which could dictate the policy direction of the European Central Bank.

The Euro continued to fight to gain traction against its U.S. counterpart, the aftereffects of dovish comments made by several officials of the European Central Bank.

The Euro remained on the defensive against its key rival, the U.S. Dollar, as investors speculate on the possibility that the European Central Bank might now be considering a looser monetary policy in order to suppress the deflationary trend.

The Euro was steady during the Asian trading session today, recovering from lows inspired by dovish commentary made by some officials of the European Central Bank.

Investors’ concerns over the true health of the U.S. economic recovery have helped to ease the greenback’s recent strength.

Asian stocks were mostly higher on Monday with the regional index rebounding from its biggest two-week decline since June. The yen fell against major peers as investors brushed off weak Chinese manufacturing activity.

Despite the recent comments from the Federal Reserve Bank chief, Janet Yellen, FX investors appear to still be awaiting for further clarity before they push the greenback any higher, as a result, the U.S. Dollar is struggling to extend yesterday’s rally.