The DXY dollar index soared to a 3-week high of 102.05, bringing the EUR/USD pair to strong support at 1.10. The dollar's recovery is driven by strong data on the US economy and labor market, as well as expectations of a slowdown in the Fed's rate cuts.On Thursday, the dollar index reached a six-week high, supported by indicators of the service sector and a positive picture on the labor market. The probability of a Fed rate cut by 50 bps in November fell to 32%, which led to a 1.5% strengthening... Saiba Mais
Household spending rose in August at the fastest annual rate in three years due to higher... Saiba Mais
The US services sector grew to a 21-year high in September, supporting employment of most companies... Saiba Mais
German services growth reached an 8-month high in September based on the survey on Wednesday which... Saiba Mais
The central bank of Australia has been going steady for the 26 consecutive months on Tuesday,... Saiba Mais
The manufacturing activity of Japan grew steadily in September based on the revised survey on... Saiba Mais