FOREX TradingCharts.com

Forex News: U.S. Dollar Climbs As Mid-term Elections In Focus

U.S. Dollar Climbs As Mid-term Elections In Focus

11/08/2022 - 03:52:00 (RTTNews)

(RTTNews) - The U.S. dollar advanced against its major counterparts on Tuesday, as investors awaited the outcome of the mid-term elections in the country.

The mid-term elections to the House of Representatives and the Senate are due today.

The Republican party is expected to get a majority in both Houses, paving the way for a political deadlock.

The benchmark yield on the 10-year treasury note rose to 4.224 percent. Yields move inversely to bond prices.

U.S. consumer inflation data, due on Thursday, could shed more clues on the Fed's monetary policy tightening stance.

The greenback edged up to 0.9923 against the franc and 0.9987 against the euro, from its prior lows of 0.9875 and 1.0031, respectively. The greenback is likely to challenge resistance around 1.02 against the franc and 0.96 against the euro.

The greenback reversed from its early lows of 1.1537 against the pound and 146.31 against the yen, rising to 1.1460 and 146.94, respectively. If the greenback rises further, 1.11 and 151.00 are likely seen as its next resistance levels against the pound and the yen, respectively.

The greenback rebounded to 0.5899 against the kiwi, from a 1-1/2-month low of 0.5952 seen at 7:30 pm ET. On the upside, 0.56 is possibly seen as the next resistance level.

The greenback climbed to 0.6444 against the aussie and 1.3527 against the loonie, following its previous lows of 0.6491 and 1.3475, respectively. The greenback is seen finding resistance around 0.60 against the aussie and 1.37 against the loonie.

Looking ahead, at 5:00 am ET, Eurostat publishes euro area retail sales figures for September.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Swiss Franc Advances On Risk Aversion (06 hr(s), 12 min(s), 51 sec(s) ago)
(RTTNews) - The Swiss franc climbed against its most major counterparts in the European session on ...Full Story»

U.S. Dollar Dips As Fed Chair Powell Hints At Smaller Rate Hikes (02 hr(s), 15 min(s), 51 sec(s) ago)
(RTTNews) - The U.S. dollar weakened against its major rivals in the European session on Thursday, ...Full Story»

Australian Dollar Advances On Fed Powell's Less Hawkish Comments (07 hr(s), 06 min(s), 51 sec(s) ago)
(RTTNews) - The Australian dollar climbed against its most major counterparts in the Asian session ...Full Story»

U.S. Dollar Down Amid Soft ADP Data; Powell's Speech In Focus (06 min(s), 51 sec(s) ago)
(RTTNews) - The U.S. dollar was lower against its most major opponents in the European session on ...Full Story»

Dollar Drops Following ADP Data (02 hr(s), 15 min(s), 51 sec(s) ago)
(RTTNews) - U.S. ADP private payrolls data for November has been released at 8:15 am ET Wednesday. ...Full Story»

Dollar Mixed Ahead Of ADP Data (02 hr(s), 24 min(s), 51 sec(s) ago)
(RTTNews) - U.S. ADP private payrolls data for November is scheduled for release at 8:15 am ET Wed ...Full Story»

NZ Dollar Advances Amid Rising Risk Appetite (05 hr(s), 51 min(s), 50 sec(s) ago)
(RTTNews) - The NZ dollar climbed against its major counterparts in the Asian session on Wednesday ...Full Story»

Swiss Franc Weakens On China Reopening Hopes (11 min(s), 09 sec(s) ago)
(RTTNews) - The Swiss franc declined against its key counterparts in the European session on Tuesd ...Full Story»

Search

FOREX NEWS

Swiss Franc Advances On Risk Aversion

12/02/2022 - 04:21 AM (RTTNews)
(RTTNews) - The Swiss franc climbed against its most major counterparts in the European session on ...Full Story>>

U.S. Dollar Dips As Fed Chair Powell Hints At Smaller Rate Hikes

12/01/2022 - 08:18 AM (RTTNews)
(RTTNews) - The U.S. dollar weakened against its major rivals in the European session on Thursday, ...Full Story>>

Australian Dollar Advances On Fed Powell's Less Hawkish Comments

12/01/2022 - 03:29 AM (RTTNews)
(RTTNews) - The Australian dollar climbed against its most major counterparts in the Asian session ...Full Story>>

U.S. Dollar Down Amid Soft ADP Data; Powell's Speech In Focus

11/30/2022 - 10:27 AM (RTTNews)
(RTTNews) - The U.S. dollar was lower against its most major opponents in the European session on ...Full Story>>

Dollar Drops Following ADP Data

11/30/2022 - 08:19 AM (RTTNews)
(RTTNews) - U.S. ADP private payrolls data for November has been released at 8:15 am ET Wednesday. ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.