Thu, March 28, 2024

Forex

Dollar

The dollar was pinned near five-week lows

The dollar fell to a five-week low ahead of the U.S. Federal Reserve’s policy meeting as investors await the central bank’s path amid global banking volatility. Investors are interested in whether the Fed will continue fighting sticky inflation or pause interest rate hikes amid recent challenges among banks, including bankruptcies and last-minute bailouts. The U.S. …

The dollar was pinned near five-week lows Read More »

Dollar

The U.S. Dollar Edged Higher and What is the Reason

The U.S. dollar advanced in early European trade, with safe-haven demand amid ongoing banking volatility and ahead of a Federal Reserve policy meeting scheduled for this week. The dollar index traded up 0.1% at 103.470. The dollar decreased in value during the night following the revelation of emergency liquidity actions by prominent central banks in …

The U.S. Dollar Edged Higher and What is the Reason Read More »

dollar, euro,

US interest rates and February inflation statistics boosted dollar

The dollar advanced in early trade as the market turned its view on possible moves in US interest rates on Tuesday amid February inflation statistics. The US consumer price index retreated to 6%. Still, key parts of the report showed negative price increases quickly, showing the Federal Reserve’s lack of room to manoeuvre in response …

US interest rates and February inflation statistics boosted dollar Read More »

dollar

Emerging market currencies edge higher after SVB collapse

Emerging market currencies edged higher after a sharp drop in the dollar amid increased bets that the US Federal Reserve will immediately pause its aggressive monetary policy following the collapse of Silicon Valley Bank. MSCI’s gauge of emerging market currencies rose 0.6%, hitting a one-month high earlier in the day. The dollar index retreated sharply …

Emerging market currencies edge higher after SVB collapse Read More »

dollar

Dollar ranges three months period height

After staying at the same level for three months, the dollar reacted to Federal Reserve Chairman Jerome Powell’s message that interest rates may be increased quicker than previously thought. Yuan has experienced significant weakening as a result of unanticipated low inflation by the government. At the convention’s second day of testimony, Powel reaffirmed his statement …

Dollar ranges three months period height Read More »

Dollar

Global shares fall as dollar rises ahead of Fed Powell’s testimony

Global shares fell, and the dollar rose ahead of testimony from Federal Reserve Chairman Jerome Powell, who is expected to offer an outlook for US rates, while weak Chinese trade data further weighed on oil and copper. Statistics demonstrated a steep decrease in both China’s exports and imports in the first two months of the …

Global shares fall as dollar rises ahead of Fed Powell’s testimony Read More »

Dollar bills close up

The dollar takes a hit as chinese yuan gains strength

The dollar fell, and the Chinese yuan gained, while the euro rose after German inflation data suggested price pressures remained high. The New Zealand and Australian dollars were among the legatees of strong data from China, which beat expectations when the official manufacturing purchasing managers’ index rose to 52.7 last month from 50.2 in January. China’s …

The dollar takes a hit as chinese yuan gains strength Read More »