Early on Wednesday in European trading, the U.S. dollar steadied. The new U.S. inflation data boosted the dollar. The Dollar Index (DXY) measures the dollar’s value against six currencies. It was steady at 109.510 at 03:00 ET (07:00 GMT); after rising 1.5% overnight. In particular, the so-called “core CPI” increased by 0.6%. It exceeded expectations …
Before the much-awaited U.S. inflation data publication, the dollar dropped in European trade this Tuesday. The Dollar Index was trading 0.3% down at 107.803 at 03:05 ET (07:05 GMT), extending a decline from the 20-year high of 110.79 last week. The U.S. CPI for August will be the final key indicator of the country’s …
Focus on U.S. Inflation Data Sank the Dollar’s Recent Gains Following recent strong gains, the dollar on a basket of currencies dropped to its lowest level in more than two weeks on Monday as investors felt uneasy ahead of U.S. inflation data and as central banks outside of the United States looked to be becoming …
Focus on U.S. Inflation Data Sank the Dollar’s Recent Gains Read More »
A few weeks back, EUR/USD hit 1.0, and it has been floating around that spot ever since. With a combined growth in the US and a decline in the EU, the two currencies were more or less equalized and still are. However, it seems like the euro still has a bit of latent power within …
In its yuan credit market, China has recently raced ahead of the US for corporate bond sales, a remarkable change that emphasizes the growing influence of the two nations’ divergent monetary policies. According to statistics, non-financial companies issued more bonds in yuan than in dollars in both July and August, marking a first for two …
Chinese Economy Booming with $306 Billion Corporate Credit Read More »
On Wednesday, the dollar ruled everything it surveyed, reaching a new 24-year top against the yen and nearing a 20-year high against the euro as U.S. economic data supported the Federal Reserve’s intention to continue its aggressive policy tightening. The American dollar was also boosted by global economic turbulence that drove investors to safety. …
More Trouble Ahead for the Yen Amid U.S. Yield Rise Read More »
Sterling was in trouble and the euro dropped to below 99 cents for the first time in nearly two decades on Monday. The fall was due to worries about rising energy costs and economic growth raised by Russia’s shutdown of its main gas pipeline to Europe. In Asian trading, the euro fell to $0.9880, …
Euro on a Highway to Hell, Here Is What You Need to Know Read More »
Japan’s economic decisions have always been peculiar to the point where they confuse many experts. Yet, the country has managed to maintain a stable economy for many decades. Without following commonplace rules, Japan has managed to stay a major financial force in the world. However, it’s not without its troubles. Increasing burnout and an aging …
One of the biggest recent financial news is that the dollar touched the euro’s value. Due to the dollar’s incline and the euro’s decline, the currencies have more or less evened out. We can see that with today’s EUR/USD open, which laid flat at 1.00. However, the equilibrium has spawned a lot of panic and …
The forex market worries investors. The euro fell to a fresh 20-year low on Wednesday as fears of rising energy prices and possible shortages cast a shadow over the eurozone economy, while demand for safe-haven assets pushed the dollar to a fresh 20-year high. Equinor (EQNR.OL) said that all oil and gas fields affected by …
Forex Market Overview: How Are USD And EUR Holding Up? Read More »
The Thai baht and Malaysian ringgit led advances among developing Asian currencies on Thursday, as the dollar fell after the US Federal Reserve hiked rates by an expected 50 basis points but lowered its rate-hike forecast. The baht (THB=TH) rose 0.9 percent to its highest level since October 2021, followed by the ringgit (USDMYR) and …
Asia’s Exchange Markets on a Rise, Thai Baht Leads The Way Read More »
On Wednesday, the dollar index fell further from 20-year highs, with the US Federal Reserve expected to hike interest rates by a half-point later in the day and by 250 points. After experiencing wild gyrations in recent weeks, currency markets have settled down to await the Fed’s announcement and Chairman Jerome Powell’s press conference. The …
The Dollar At 20-Year Highs, And Might Headed For Higher Read More »
According to Russia-backed troops that have taken control of Kherson in southern Ukraine, the Russian rouble will be used starting Sunday. However, Kherson’s Ukrainian mayor, Ihor Kolykhaiev, who was recently deposed by Russian authorities, has stated that he does not believe this will be feasible because the region’s sole functioning financial system is Ukrainian, …
On Friday, the dollar dipped from its recent 20-year high. However, it was still on course for its best month since 2015; it was lifted by a mix of anticipation for US rate rises and concerns about China and Europe’s economy. Major currency pairs pulled back somewhat from recent trajectories on the final trading day …
OMV (OMVV.VI) is one of the top importers of Russian gas. The last Thursday, some resources have reported that OMV is now preparing to create ruble accounts at Gazprombank in Switzerland. On Wednesday, Russian energy giant Gazprom (GAZP.MM) informed Poland and Bulgaria that it would cut off gas supplies if they did not comply with …
OMV Plans Ruble Accounts For Russia’s Ruble Only Gas Trade Read More »
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