May 24, 2019
The dollar index which measures the greenback against a basket of major currencies retreated from a two-year high of 98.38 to trade at a low of 97.70 following weaker-than-expected economic data.
May 23, 2019
The dollar index which measures the greenback against a basket of major currencies extended rally higher trading at 98.19. The minutes of the last monetary policy meeting held by the Federal Reserve affirmed that the patient approach to policy would be appropriate for some time.
May 22, 2019
The dollar index which measures the greenback against a basket of major currencies edged higher supported by rising Treasury yields. DXY extended gains to 98.13, the highest since the 26th of April.
May 21, 2019
The Australian dollar lost ground against rivals following the Minutes of the last monetary policy meeting and Governor Lowe speech. The Aussie kicked-off the week on a strong note after a surprise win for the center-right in the Federal elections.
May 20, 2019
The Australian Dollar climbed against rivals following the results of the Australian Federal elections. The surprise win of Prime Minister Scott Morrison, beating the center-left labor party, eased investors concerns over the economic outlook.