The euro gained ground on Thursday ahead of the European Central Bank meeting, which is likely to lay out a more detailed plan for unwinding stimulus, perhaps paving the way for a first-rate rise later this year. The euro climbed 0.12 percent to $1.09050 at 0835 GMT, ahead of the meeting, after hitting its lowest …
The Euro Is Regaining Its Ground Ahead of The ECB Meeting Read More »
After the release of scorching inflation data, the dollar nudged higher in early European trade Wednesday, while the euro traded around a five-week low on worries that the war in Ukraine might drag on for a long time. The Dollar Index, which monitors the greenback against a basket of six other currencies, was 0.2 percent …
The Dollar Rises As The Ukraine War Is Expected To Continue Read More »
The dollar rose in early European trade Tuesday; it received a boost from high US bond rates ahead of the release of the latest consumer inflation data, which should confirm the Federal Reserve’s quick rate of tightening. The Dollar Index, which measures the dollar’s value against a basket of six other currencies, was 0.2 percent …
Ahead of The US CPI Release, the Dollar Rises on High Yields Read More »
After French President Emmanuel Macron defeated far-right rival Marine Le Pen in the country’s first round of presidential elections on Monday, the euro seemed to be snapping a seven-day losing streak versus the dollar. Investor fears over the euro zone’s second-largest economy’s future orientation have impacted the currency, adding to anxieties about the economic repercussions …
The Euro in Relief from Macron’s Election Victory in France Read More »
The dollar continued its steady upward trend on Friday; it hit a fresh near-two-year high against a basket of peers and a one-month high against the euro. USD was bolstered by expectations of a faster pace of Federal Reserve interest rate rises. In early Asia trade, the dollar index climbed to 99.904, its highest level …
The Dollar Index Edging Closer to 100, Its Four Years High Read More »
On Thursday, the Chinese yuan fell as minutes from the US Federal Reserve’s March meeting revealed overwhelming support for big rate rises; supporting the greenback. The minutes of the meeting boosted the US dollar index to 99.778 overnight, its highest level since May 2020. The most recent reading was 99.572. The People’s Bank of China …
The Yuan Weakening as The Dollar Rises After the Fed Minutes Read More »
The dollar rose to its highest level in almost two years on Tuesday, bolstered by hawkish remarks from Federal Reserve members who advocated for a rapid decrease in the central bank’s bloated balance sheet, with one of them suggesting openness to half-point rate hikes. The dollar index climbed to 99.526, its highest level since late …
In early Moscow trade on Friday, the Russian ruble hit a five-week high against the dollar before settling in the 83-84 zone. In contrast, Russian equities rose as investors focused on developments in Ukraine and the ongoing gas payments problem. The ruble was 0.2 percent lower than the dollar at 83.37 (RUBUTSTN=MCX) at 1319 GMT; …
Russian Equities Rise, The Ruble Eases After Five-Week High Read More »
The euro fell on Monday as Germany and France announced a fresh wave of sanctions against Russia in response to “quite clear evidence” of war crimes in Ukraine. The euro, which has been under pressure owing to concerns about the economic impact of the Ukraine conflict, fell 0.15 percent against the dollar at 0755 GMT …
The Euro Dragged Down by Additional Sanctions on Russia Read More »
This week, senior U.S. officials fanned out to push other leaders to continue pressure on Moscow; they urged them to join the sanctions and other measures campaign as the Ukraine crisis enters its fifth week. The early economic harm to Russia appears to be ebbing. The initiative comes as the immediate impact of the United …
As the Rouble Rises, US Pushes to Maintain Pressure on Putin Read More »
Analysts believe Russia has offered to buy back dollar bonds expiring next week in rubles; this should alleviate the country’s hard-currency repayment load; moreover, it will allow local investors of the $2 billion sovereign issue to get payment. The offer by Russia’s finance ministry on Eurobonds due on April 4, the country’s largest debt payment …
On the Day of $2B Payment, Russia Launched Eurobond Offer Read More »
The euro sank on Thursday as investors worried about the situation in Ukraine and the lack of progress in peace negotiations. At the same time, the Norwegian crown plummeted after the central bank opted to purchase foreign currency. Russian forces are preparing further strikes, according to Ukrainian President Volodymyr Zelensky; peace negotiations set to start …
The Euro Falls as Investors Remain Wary About Ukraine Read More »
After talks with his counterparts on Monday, Germany’s Robert Habeck indicated that energy ministers from the Group of Seven industrialized nations reject President Vladimir Putin’s demands that “unfriendly” countries pay for Russian gas in roubles. After a virtual meeting with G7 energy ministers, Habeck, Germany’s economy and climate protection minister, said, “All G7 ministers have …
Putin’s Proposal for Rouble Payment for Russian Gas Rejected Read More »
The rand fell off a five-month high versus the dollar early Monday as the greenback rallied; China’s reimposition of a lockdown impacted risk-taking in Shanghai. The rand (USDZAR) was trading at roughly 14.6100 per dollar at 0605 GMT, down 0.43 percent from its closing on Friday, when it hit 14.4738, its highest level since Oct. …
The Rand of South Africa Weakening as The Dollar Strengthens Read More »
On Friday, the Australian and New Zealand currencies had back-to-back weekly gains; the pair was supported by forecasts of rising interest rates and surging commodities prices, which have pushed the Australian dollar to a six-year high. The Australian dollar (AUD=D3) remained steady at $0.7511 after hitting a four-and-a-half-month high of $0.7527 overnight. The high of $0.7555 in …
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