The US Dollar (USD) continued its downward trend as the week closed, impacted by disappointing figures for US Nonfarm Payrolls in August (+22K jobs). The data only reinforced the strong likelihood of an interest rate cut by the Federal Reserve during its meeting on September 17-18. The US Dollar Index (DXY) relinquished the gains achieved … Read more

The EUR/USD pair is currently positioned near the 1.1650 mark, exhibiting a degree of stability following the volatile fluctuations observed on Tuesday. The pair declined to a new one-week low of 1.1608 during the early European session, subsequently rebounding. Financial markets exhibit a degree of caution in light of the upheaval in global government bonds, … Read more