The Ruble Has Dropped to An 8-Month Low The Russian ruble fell to an 8-month low against the dollar, weighed down by fears that sanctions on Russian oil and gas would limit export revenues. The ruble fell 0.9% against the dollar to 72.83, its lowest level since April 27. It fell 0.7% against the euro …
The U.S. dollar was largely unchanged. Still, it gained against the Japanese yen after the Bank of Japan’s most recent minutes indicated that its accommodative monetary policy is likely to continue. The dollar, which measures the dollar’s value against a basket of 6 other currencies, traded largely unchanged at 103.870, up from the low point …
On Monday, the Russian ruble edged up against the dollar, gaining some ground after experiencing its biggest weekly decline since early July due to concerns about how sanctions on oil and gas would affect Russia’s export earnings. Following an oil embargo and price cap implementation, the ruble lost about 8% last week. It is currently …
Following two days of gains, the dollar fluctuated on Friday. It showed little change in morning trading in London as investors considered the outlook for interest rates in the wake of stronger-than-anticipated U.S. economic data on Thursday. The euro was slightly up compared to the dollar, rising by 0.1% to $1.061 after falling by less …
Despite a lack of news to justify the moves, the British Pound is under significant selling pressure in midweek trade. The UK public sector borrowing data came in worse than expected, but the charts show almost no impact on the Pound after their release. By December 21, the Pound was down three-quarters of a percent …
Tuesday’s surprise decision by the Bank of Japan to review its yield curve control policy and widen the trading band for the yield on 10-year government bonds caused the yen to rise to a four-month high against the dollar. The BOJ decided to widen the previously specified 25 basis point band for long-term yields, allowing …
The Dollar Falls as Markets Rebound The U.S. dollar fell on Monday as improved market sentiment lifted stocks and riskier currencies. At the same time, the yen rose on reports that Japan is considering revising a decade-old plan to combat deflation. After the U.S. Federal Reserve and the European Central Bank (ECB) raised interest rates …
The safe-haven dollar held just below the month’s high against the yen on Friday. Christine Lagarde, president of the European Central Bank, stated that this is not enough and the bank must continue the fight against inflation at a steady pace after the policy board raised interest rates overnight. The U.S. Federal Reserve also tightened …
The Russian rouble recovered some ground The Russian rouble reversed some of its Thursday declines to reach its lowest level against the dollar in more than five months as a result of renewed pressure from the West’s price cap on Russia’s oil exports. Before recovering, the rouble fell to 64.95 per dollar in morning trade …
After falling on lower-than-expected inflation data the previous night, the dollar traded near its lowest levels in months against the euro and the pound on Wednesday. This fueled speculation that the Federal Reserve would announce a slower rate hike path. The U.S. central bank should raise interest rates by 50 basis points (bp) as it …
After Softer U.S. Inflation Data, the Dollar Declined Read More »
The Russian ruble dropped to 63 per dollar on Monday as investors’ appetite for risk decreased due to concerns about the impending recession and pressures on global inflation. Investors were also anticipating the Bank of Russia’s rate-setting meeting. Markets are also expecting a flurry of additional interest rate decisions this week, including those from the …
The US dollar fell against other major currencies on Friday as concerns about the state of the US economy resurfaced ahead of producer inflation data later in the day and a Federal Reserve interest rate meeting next week. Following a lull in market-moving news, investors look forward to rate announcements from the Fed, the ECB, …
The Dollar Is Flat as The Outlook for Growth Dims The dollar showed little movement on Wednesday. The Chinese yuan strengthened simultaneously as the authorities relaxed some of the nation’s zero-COVID regulations. Leading bankers from JPMorgan, Bank of America, and Goldman Sachs stated overnight that they are preparing for an economy that will deteriorate next …
The Dollar Is Flat as The Outlook for Growth Dims Read More »
The dollar increased, extending the previous session’s substantial gains following strong U.S. services data. At the same time, the euro fell despite strong German industrial production figures. The dollar Index rose 0.1021% to 105.3102, following a 0.7% gain on Monday, its biggest since Nov. 21. The dollar rose Monday after the Institute for Supply Management’s …
On Monday, the pound and Japanese yen dipped from multi-month highs against the dollar as traders, investors, and analysts speculated on whether the greenback’s recent bout of weakness was coming to an end. The dollar rose 0.7% against the yen to 135.217, bouncing from Friday’s three-and-a-half month low of 133.62, while sterling fell 0.5% to …
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
