On Wednesday, the US dollar declined as investors awaited the US. The Federal Reserve’s policy choice has sparked conjecture that it may signal a slowing in rate increases. At 2:00 p.m., the central bank will announce its policy statement. Investors anticipate a rate increase of 75 basis points (bps), the fourth consecutive increase, at 8:00 …
After Euro’s Historical Losses, Is It Time for The Dollar? Read More »
Early on Tuesday in European trading, the U.S. dollar fell as investors assessed the possibility that the Federal Reserve will announce a less aggressive course for raising interest rates on Wednesday after its most recent policy meeting. The Dollar Index measures the dollar’s value against six other currencies. It was trading 0.4% down at 110.993 …
The Dollar Losses Recent Gains Ahead of Fed’s Meeting Read More »
The dollar rebounded Monday and broke through some previously identified areas after a week full of data releases and rate-setting central bank meetings, including the Bank of England and the Fed. The immediate attention was on the GDP and inflation figures for the eurozone and the specifics of the Japanese Ministry of Finance’s involvement, both …
The Dollar Regains Strength Ahead of Fed’s Meeting Read More »
The Japanese yen slipped as the Bank of Japan maintained its ultra-low interest rates and dovish approach on Friday. The U.S. dollar steadied in early European trade on Friday ahead of the publication of important inflation data. The Dollar Index measures the dollar’s value against six other currencies. It was trading flat at 110.475 at …
The Long-Awaited BOJ Meeting is Pushing Yen Down Read More »
In fluctuating trading on Wednesday ahead of the anticipated rate rise from the European Central Bank, the dollar dropped to a one-month low before rising on Thursday (ECB). The dollar has fallen recently due to investors’ excitement about indications that the US Federal Reserve may consider easing up on its aggressive rate rises in December. …
The dollar fell to a three-week low against its main rivals on Wednesday. This has fueled rumors of a less aggressive Federal Reserve, further evidence that the U.S. economy is deteriorating. Ahead of the Reserve Bank’s rate decision next week, the Australian dollar gained just shy of the previous session’s 2 1/2-week high due to …
The dollar rose on Monday despite another intervention in the Japanese currency market. Sterling has been unsettled for the last seven weeks as Rishi Sunak was elected Britain’s third Prime Minister. Meanwhile, the Chinese yuan also hit fresh lows offshore. The yen fell to 149.70 against the dollar overnight before rising to a high of …
The Dollar Remains Powerful Despite Fragile Fluctuating Yen Read More »
Amid speculation that the Bank of Japan had intervened, the U.S. dollar nudged up in early European trade on Monday. At the same time, the sterling gained as it appeared probable that Rishi Sunak would become prime minister of Britain. The Dollar Index compares the dollar to a basket of six other currencies. This index …
Despite Possible BOJ Intervention, the Dollar Rises Read More »
Thursday saw the dollar reach the symbolic threshold of 150 yen for the first time since 1990, while the British pound had bumpy trading as Liz Truss announced her resignation as prime minister of the United Kingdom. The Japanese yen dropped quickly from an overnight trading high of 150.09 to 149.63 in less than a …
On Thursday, the dollar reached the symbolic threshold of 150 yen thanks to Treasury rates trading at multi-year highs, keeping markets on high alert for any indications of Japanese government intervention. With the euro at $0.97835 and the pound at $1.1217, both unable to recoup ground against the dollar after falling the day before, movements …
Yen Falls Below 150 For the First Time in 32 Years Read More »
The dollar rose from a two-week low on Wednesday against a basket of global rivals. It maintained near a 32-year top against the yen, supported by the likelihood of aggressive U.S. Federal Reserve interest rate increases. After the Bank of England decided against selling any longer-duration gilts this year and denying a Financial Times story …
The Dollar Remains Steady at a 32-year High Against the Yen Read More »
The Sterling increased, and the dollar fell versus a basket of major currencies on Monday. This was after Britain’s new finance minister scrapped most of the government’s “mini-budget,” while Bank of America’s (NYSE: BAC) profits were above expectations and increased risk-taking. Investors wonder if the Bank of Japan would act as the yen value drops …
The Dollar Seems to Be Losing Recent Gains, Here Is Why Read More »
In early European trade on Monday, the U.S. dollar declined. This is while the sterling increased on the news that the U.K. will forward its tax and spending plans. This is to calm investors following the unrest connected with the beginning of new Prime Minister Liz Truss’s reign. The Dollar Index compares the value of …
On Thursday, the Japanese yen lost more ground than the dollar. It was on the verge of reaching its lowest level in 32 years as pressure from increasing interest rates worldwide combined with a hotter-than-expected inflation figure. A few points separated the yen from reaching its lowest position since 1990, reaching as low as 146.93 …
On Wednesday, the dollar reached levels against the yen that triggered intervention by Japanese authorities last month, while pound investors remained perplexed about the Bank of England’s objectives. Early Asian trading saw the dollar reach 146.39 yen for the first time since August 1998. At 146.18, it was recently up 0.2%. On September 22, as …
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
