Dollar Edges Higher Growing Risk – Daily Forex Signals – The dollar traded higher Wednesday, benefiting from higher Treasury yields, caution ahead of the European Central Bank’s policy meeting and concerns over global growth.

At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, gained 0.1% to 92.635, just off its highest level so far in September.

USD/JPY rose 0.2% to 110.44, EUR/USD fell 0.1% to 1.1833, GBP/USD dropped 0.2% to 1.3760, while the risk sensitive AUD/USD fell 0.2% to 0.7370, following the Reserve Bank of Australia’s decision on Tuesday to extend its bond-buying the program through February.

The benchmark 10-year Treasury note traded at 1.37% early Wednesday, just off Tuesday’s high of 1.39%, which was the highest level since mid-July, and a boost to the dollar.

Live Forex Signals

The weak report added to fears that the rise in Covid cases, with the United States having recorded roughly 650,000 deaths and last week exceeded 40 million cases, would stunt U.S. economic growth in the second half of the year. Influential investment bank Goldman Sachs (NYSE:GS) earlier this week cut its estimate for 2021 GDP growth in the U.S. to 5.7% from 6.2%. Dollar Edges Lower Brexit

“Financial markets could interpret such a step with a slightly hawkish tilt.” Dollar Edges Lower amid Fed Meeting

Dollar Edges Higher Growing Risk

Forex Signals Learning Guides, to help you get started with trading. Grow your Learning knowledge on the capital markets. URL was Founded in 2010. Since then has grown with over 23,000 live subscribers globally. Daily Trading Alerts are sent by our VPS Networks worldwide via Telegram. Subscribe to our Signals and start receiving Forex Day Trading Signals from the very next trade! Forex Signals Learning Guides below with guide you with every trade you make! Dollar Up, Fed Meeting Minutes

Here at FxPremiere Group we keep you updated with the Compare Forex Brokers charting system, as well as sending you Direct Forex Signals by our Telegram Services globally daily.

FX Signals

EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD, Gold, Oil and many many more… Forex Trading comes with it high risk. We help by referring only the very best forex brokers available in the marketplace. Your in safe hands with our partners.Forex Signals Telegram SignalsWith our free forex learning guides you will be able to educate yourselves with the most up to date forex basics required in order to enter the Capital Markets. Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms.