Tuesday , 21 January 2025
Home Forex US Dollar fades off Tuesday’s high after Bank of Japan delivers dovish hike
Forex

US Dollar fades off Tuesday’s high after Bank of Japan delivers dovish hike

The US Dollar (USD) jumped firmly in the green on Tuesday, giving a big thank you to the Japanese Yen. The Yen, which accounts for roughly 13% of the US Dollar Index (DXY), depreciated nearly 1% against the Greenback after the Bank of Japan

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

USDCHF Technical Analysis – Tariffs talk keeps the market on edge

Fundamental OverviewThe USD has been marginally weaker recently due to lower than...

Canada CPI expected to rise 1.8% in December, bolstering BoC to further ease policy

Statistics Canada is set to release its latest inflation report for December,...

Benefits of Forex Payment Solution Providers in Streamlining Trading Operations

Forex payment gateways are flexible and versatile, allowing secure transactions on an...

Dollar firms as traders check back on tariffs

The dollar fell yesterday as traders were hopeful that Trump may not...