Weekly Currency Transfer Roundup – February 26, 2024

This week, the US dollar saw a slight decline of 0.30% against a basket of six major currencies, breaking its 5-week streak of gains. On Friday, it made a minor comeback, inching up by 0.02% to close at 103.961. Market movements were influenced by several economic reports. The CB Leading Index underperformed expectations, which negatively…

Weekly Currency Transfer Roundup – February 19, 2024

The US Dollar (USD) climbed for the fourth week, reaching a three-month high despite a minor dip on Friday. Stronger-than-expected inflation data contributed to the rise, affecting the dollar’s value. Mixed results in manufacturing and job claims also had an impact. Positive reports on producer prices and consumer sentiment added to the dollar’s strength. These…

Weekly Currency Transfer Roundup – February 12, 2024

This week, the US Dollar saw a slight increase of 0.11% against other major currencies, continuing its rise from last week. However, on Friday, it dipped a little, closing at 104.080. A few key events shaped the dollar’s journey this week: For anyone sending money or dealing with currency exchange, these developments suggest the US…

Weekly Currency Transfer Roundup – February 05, 2024

Welcome to this week’s currency roundup! The US Dollar has been on the up, rising by 0.44% against a mix of major currencies, and even saw a notable increase of 0.88% on Friday, bringing the Dollar Index (DXY) to 103.964. What’s behind the Dollar’s climb? A big factor was Tuesday’s reveal that US Consumer Confidence…

Weekly Currency Transfer Roundup – January 29, 2024

During the previous week, the US Dollar (USD) saw a small increase of 0.23% against six major currencies, adding to the previous week’s 0.78% gain. Despite a slight drop on Friday, the US Dollar Index (DXY) has been generally rising since the beginning of January. Economic reports played a big role in the dollar’s performance….

Weekly Currency Transfer Roundup – January 22, 2024

This week, the US Dollar saw mixed fortunes, ending up with a 0.78% increase against major currencies, despite a slight Friday dip to 103.239. The week kicked off with a drop in the New York manufacturing index, dragging the Dollar down. However, upbeat US retail sales and a significant drop in unemployment claims reversed this…

Weekly Currency Transfer Roundup – January 15, 2024

This week, the US Dollar stayed pretty much the same against other major currencies, after last week’s +1.04% rise. On Friday, it had a small increase, ending at 102.43, which is +0.12% higher than before. The reason the Dollar didn’t move much is that there’s been a mix of different economic reports coming in. Let’s…

Weekly Currency Transfer Roundup – January 8, 2024

Welcome to this week’s currency roundup! The US Dollar has made a surprising comeback, gaining +1.04% against other major currencies. This boost is a change from last week’s -0.32% dip. On Friday, the Dollar even nudged a bit higher, closing at 102.435. What’s behind this Dollar boost? Well, on Friday, a key report showed that…

Weekly Currency Transfer Roundup – December 18, 2023

Welcome to this week’s roundup, where the US Dollar experienced a notable seesaw in the currency market. After a -1.42% dip against major currencies earlier in the week, the Dollar managed a modest comeback on Friday, ending at 102.594 with a gain of +0.63%. The spotlight was on the Federal Reserve’s decision to maintain its…