Foreign currency sales to Turkey’s state economic enterprises – primarily energy importer BOTAS – reached a record $4.15 billion in January. Turkey’s Purchasing Managers’ Index (PMI), a closely watched economic indicator, hit a more than one-year high in February. The economy is mainly dependent on foreign currency to pay for energy imports. It makes the …
Turkey forex sales hit a record $4.15 billion in January Read More »
The euro fell on Tuesday as European Central Bank President Christine Lagarde attempted to temper expectations of interest rate hikes, which had pushed the currency to a three-week high last week. Markets were caught off guard by the ECB’s hawkish turn last week. It sent rates on peripheral eurozone debt rising as investors fretted about …
Italian Rates Near Zero, The Euro Falls From Three-Week High Read More »
The Russian rouble rebounded to a more than three-week high against the dollar. It regained on Monday on the back of robust oil prices, though tensions over Ukraine limited its gains. At 1135 GMT, the rouble earned 0.6% to 75.45 against the dollar, its most substantial level since the beginning of January. Head of investment …
Rouble Past 3-wk High, Putin-Macron Talks in Focus Read More »
The euro fell on Monday. Last week, it followed a rally on the European Central Bank’s hawkish shift. Speculators flocked to the dollar. They hoped that a boost in U.S. job creation in January would lead to quicker Fed rate hikes. After reaching its highest level since mid-January on Friday, the European common currency fell …
Euro Falls as Jobless Claims Support the Dollar’s Recovery Read More »
The euro rose but the Fed decision might change the scenario. It rose after the European Central Bank’s hawkish turn last week. However, analysts said further short-term gains seemed unlikely to happen as the Fed tightening might support the dollar. On Monday morning, the euro appeared near Friday’s three-week high. In the meantime, Bitcoin held …
The Turkish Lira fell $4 billion to its lowest since 2021 amid concerns over the country’s economy and the direction of monetary policy. The 2.77% drop in the Lira against the dollar on Tuesday brought the total reduction to $4 billion. It appeared as the biggest loss since the Lira began to rally in August …
Forex held by Turks falls $4 billion; Lira declining Read More »
The dollar crept higher on Thursday, aided by risk aversion following poor data from Meta Platforms, the parent company of Facebook (NASDAQ: FB). However, the attention will be on central bank meetings in the United Kingdom and Europe. The Dollar Index, which monitors the greenback against a basket of six other currencies, rose 0.2 percent …
Dollar Rises in Response to ECB And BOE Meetings Loom Read More »
The dollar hit a 19-month high at the end of last week, on weaker-than-expected US economic data and as Federal Reserve members resisted aggressive rate rises this year; boosting risk appetite. Hence, the dollar sank for a second consecutive session on Tuesday. Risk-sensitive currencies such as the Australian dollar, euro, and British pound rose as …
The Dollar Fell For The Second Day Release of US Data Read More »
The dollar fell to a more than a one-week low after data showed a decrease in U.S. private sector employment in January. It resulted from an increase in COVID-19 infections. However, the data is improbable to prevent the Fed from hiking interest rates at the March policy meeting. But the report eased expectations of a …
U.S. dollar drops weak private jobs data while euro gains Read More »
On Wednesday, the euro climbed for a third straight day from a 20-month low last week. The euro rose on Wednesday after inflation in the eurozone hit a new record high, signaling that the European Central Bank’s aggressive monetary policy is starting to bear fruit. The single currency was trading at 1.1411 francs in early …
The dollar dipped on Monday, registering its worst daily drop since November, as investors consolidated gains after hitting a one-and-a-half-year high on Friday in anticipation of a quicker pace of Fed rate rises. Following the Fed’s announcement last week that it plans to raise interest rates as soon as the March 15-16 policy meeting, Wall …
The Dollar Is Falling as The Current Run Comes to A Halt Read More »
The dollar sank on Monday, retreating from a one-and-a-half-year high reached on Friday, as hawkish remarks by a Federal Reserve member over the weekend pushed the yield curve to its flattest levels in three months. The Fed’s meeting last week signaled a rate hike in March. Hence, some investors believe officials are prepping the markets …
The Dollar Falls As The Yield Curve In The U.S. Flattens Read More »
The dollar fell again, while the British pound and Aussie gained and recovered from an overnight drop. On Tuesday, the U.S. dollar fell while risk-sensitive currencies such as the Australian dollar recovered and the British pound rose. The Australian dollar recovered against its U.S. counterpart after the greenback dropped to its lowest level in almost …
Monetary policy and other changes affected the overall image of the Dollar and other assets. Economic data appeared to take a back seat, with a more hawkish than expected Fed considering heavily riskier assets, affecting Dollar. It turned out to be a busy week on the economic calendar, ending 28th January. A total of 58 …
Monetary Policy Left the Kiwi and Aussie Dollar in Red Read More »
After rebounding to a four-year high, the yuan faces stiff resistance from a Fed-driven dollar. The Chinese currency faces increasing headwinds. PineBridge Investments says the yuan is on track to test 6.25% for the first time since August 2015 due to China’s current-account excess. Mobius Capital Partners LLP doesn’t dismiss a move to 6.21 this …
Yuan to Confront with Resurgent Dollar as China Stands Back Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
