Saudi Arabia registered a budget deficit in the Q1 of the year as the government boosted spending on wages and economic diversification projects. The country had a shortage of 2.9 billion riyals ($770 million). Government revenue increased in the first quarter, extended by higher non-oil gains, but outpaced by an almost 30 percent advancement in …
The Saudi Arabia Budget Is Again in Deficit in Q1 Read More »
Job postings in the United States declined for the third month in a row in March. Meanwhile, the layoffs reached their highest level in more than two years, according to statistics released on Tuesday. Investors hold onto hopes that a weaker labor market may help the Federal Reserve battle inflation. The US dollar index, which …
The EUR/USD dipped throughout Friday’s trading session. However, it eventually recovered and showed signs of resilience. Meanwhile, investors were eager to take a little risk ahead of the weekend. The US dollar rose against a number of currencies. However, selling the Japanese yen became the largest mover of the day. The euro seems to continue …
Since October, the USD weakened significantly as the Fed delayed its rate rises. Currently, it intends to cease after the next boost, worth 25 basis points (bps), on Wednesday. The UYSD has been losing ground versus most major currencies. However, it remains positive against the Canadian dollar. The USD/CAD fell during the majority of March, …
On Thursday, the euro stayed at a one-year high versus the dollar. Europe’s strong economy contrasted with financial worries and another US debt ceiling standoff. It was recently up 0.05% against the dollar at $1.104, not far off the one-year high of $1.1096 set yesterday. The dollar index, which compares the greenback to six major …
Euro is hovering at a one-year high as the US outlook dims Read More »
On Friday, the Federal Reserve’s aggressive rate-hike cycle appeared to be coming to an end. At such a pace, it puts pressure on the US dollar to suffer its second consecutive monthly loss. In contrast, the yen held steady near a one-week high ahead of a crucial central bank decision. Asia is paying close attention …
Inflation concerns and dollar’s path to monthly loss Read More »
Next week’s European Central Bank (ECB) meeting forced the forex market to undergo some modifications. Reportedly, the euro fell even as officials kept the door open to a 50 basis point rate hike. The US dollar nudged higher as risk sentiment worsened in Europe due to rising banking worries. The last First Republic Bank and …
Financial worries as the euro declines; US dollar at a rise Read More »
The dollar breaks s first weekly gain. However, gains were pared by a soft economic report that suggested the economy was slowing. Japan’s consumer inflation rate remained consistent with the Bank of Japan’s target in March in the Asian region. The main index hit a four-decade peak, putting pressure on the Bank of Japan to …
Earnings appeared to be a mixed bag of positive and negative. However, they did not manage to shake the market. Experts predict the market to remain flat until there is big news that either supports or collapses the market. A range-bound strategy may be your best chance right now if you are a short-term trader. …
Market Recap: S&P 500 narrow range trade expectations Read More »
This week’s forex market movement might be choppy. Participants hunt for the next fundamental driver. Following Wednesday’s underwhelming comeback, the US Dollar Index resumes its sideways crawl on Thursday. The forex risk sentiment remains neutral. The European Central Bank (ECB) will publish the minutes of its most recent policy meeting. Later, President Christine Lagarde will …
Forex: investors are looking for new catalysts in central bank Read More »
In the first half of the week, investors are looking for the next catalyst. Major currency pairings have struggled to make a significant move in either direction. Nonetheless, early Wednesday’s cautious market atmosphere appears to be aiding the US Dollar’s recovery. Later in the session, Eurostat will release revisions to the March Harmonized Index of …
Wednesday Forex: Everything you need to know about market Read More »
The dollar held steady after seeing bond markets falter as investors eyed U.S. economic data. Meanwhile, the dollar index advanced 0.112% to 101.84 in Asian trade after retreating 0.37% on Tuesday, reversing the previous session’s 0.54% rally. Two-year U.S. Treasury yields hit a near one-month high of 4.232% overnight and remained higher in Tokyo trading …
Dollar steadied after it seesawed with bond market volatility Read More »
The dollar retreated against major currencies after better-than-expected growth figures from China. British payrolls supported the pound. China’s gross domestic product advanced 4.52% in the first three months of the year, beating analysts’ expectations of a 4% expansion as it ranked second in the world after the end of COVID-19 restrictions. Separate reports on March …
Dollar dropped on China’s better-than-expected growth forecast Read More »
The dollar fell to a two-month low after a report showed U.S. inflation eased slightly in March, raising hopes that the Federal Reserve’s rate hike campaign is either over or could be next month. Statistics released on Wednesday showed that consumer price index inflation edged closer to 5% in March from a year earlier, up …
The dollar retreated against all major currencies except the yen as investors looked to release U.S. inflation statistics later in the day to gauge how soon U.S. interest rates will approach higher levels. The U.S. dollar index retreated by 0.072% to close at 102.06. The euro was last up 0.122% at $1.0927, while the sterling advanced …
