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Category: Forex News, News

U.S. Dollar Moves Higher Amid Rising Demand For Safe-Haven Assets: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

DXY 051126 4h Chart

U.S. Dollar Index gains some ground as traders focus on the Initial Jobless Claims report. The report indicated that 189,000 Americans filed for unemployment benefits in a week, compared to analyst forecast of 196,000.

Traders also reacted to the huge sell-off in U.S. equity markets. Demand for safe-haven assets increased, which was bullish for the American currency.

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