Fundamental Analysis

Consolidation sentiment prevailed in the foreign exchange market last week:

• The U.S. dollar index adjusted slightly and lost -0.3% over the week
• The reserve currency still remains in the trading channel that began to take shape in early August
• The U.S. d

Investors remained buyers of the U.S. dollar last week and the world's reserve currency rose to its highest point since mid-August. Worse-than-usual sentiment in the stock market and other riskier assets has led market participants to choose safer instruments, i

Last week investors bought the U.S. dollar and pushed the global reserve currency to retreat from several years of lows. Investors tended to return to safe-haven currencies as the stock market survived one of the worst weeks since the pandemic began.

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In t

Last week the world's reserve currency fell back to its lowest level since April 2018. Investors were actively selling the U.S. dollar when Jerome Powell said during a Jackson Hole symposium speech that the U.S. Federal Reserve is determined to allow inflation t

Last week the U.S. dollar came under pressure from sellers, who in the first days pushed the reserve currency index to its lowest point since April 2018. The dollar later recovered and returned to last month's trading channel.

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Data in the world's largest