2021 was a celestial year for the US dollar. The world’s reserve currency increased against its major rivals this year. Why was it such a strong year for the greenback? One of the factors can be the dramatic shift from Fed Chairman. At the beginning of the year, analysts expected the Fed to maintain its …
On Tuesday, the yen traded near low to the dollar as safe-havens lost ground after Wall Street’s rally. It also resulted from Omicron uncertainties. The Japanese currency weakened and appeared 114.936 yen per dollar for the first time since the end of November. It previously approached the year-to-date low of 115.526. On Monday, the S&P …
The AUD/USD pair experienced low levels in the previous week. The trend resumes this week, while most retail investors take off preparing for 2022. With no primary economic data expected, the focus will stay on the continuing trends in coronavirus cases. Recent data shows that new coronavirus cases are growing in Australia and the United …
EUR/USD traded at its high in the 1st week of this year The EUR/USD pair has seen a price downfall this year but it reached its high in the first week of 2021. The pair reached its lowest in November. This year, the EUR/USD pair has experienced a price decline, but the pair reached the …
EUR/USD traded at its high in the 1st week of this year Read More »
On Wednesday, the Canadian dollar rebounded against the greenback as a pickup in U.S. consumer confidence strengthened investor sentiment. However, analysts remained cautious about Canadian currency being out of danger after dropping to a one-year low at the beginning of this week. The loonie (Canadian coin) was trading 0.6% higher at 1.2843 to the greenback. …
Canadian dollar boosts on improved risk appetite Read More »
On Tuesday morning in Asia, the dollar remained down, staying below its recent high. Concerns about the new omicron variant, as well as a blow to Biden’s investment bill, also determined gains for riskier currencies. The U.S. Dollar Index decreased 0.06% to 96.466. The USD/JPY pair rose 0.11% to 113.68. The AUD/USD pair also rose …
The dollar fell, Omicron concerns rise as case numbers grow Read More »
The U.S. dollar remained low on Friday, days after the European Central Bank and the Bank of England adopted more hawkish perspectives than expected, boosting the euro and sterling. The dollar index started the Asian session at 95.934 after a 0.62% two-day drop that took it as low as 95.851 yesterday for the first time …
On Tuesday, the U.S. dollar increased again after recovering from a drop that nearly destroyed its earnings before. It happened as major central banks chose different ways to fight inflation or the pandemic’s economic drag. In afternoon trading, the U.S. dollar index was up 0.3% at 96.5521 in New York after it had given up …
On Wednesday, in Asia trading, the dollar maintained its current earnings. Investors are looking towards an important Fed policy meeting to see if it would support growing market anticipations for rate rises. The dollar index was at 96.558, gaining 0.6% this week. It is testing last week’s 96.955. The euro last traded at $1.1266, near …
Dollar holds as investors watch Fed policy meeting Read More »
On Tuesday morning, the dollar increased in Asia. This occurred as concerns over the Omicron strain, and interest rate hikes from the Fed increased. The U.S. Dollar Index edged up 0.13% to $96.391 by 12:06 AM ET (5:06 AM GMT). The USD/JPY pair rose 0.03% to 113.58. The AUD/USD pair decreased by 0.35% to 0.7105, …
The dollar surged after the expected Fed Interest Rate Hike Read More »
After the U.S. consumer prices increased, the Australian Dollar gained some ground against the U.S. Dollar on Friday. It happened in line with expectations in the previous month as investors bet that the actual number might not change the speed of interest rate hikes. Those were investors who had been expecting considerably higher inflation. The …
On Friday, the dollar seemed firm as traders bet the U.S. inflation figures could determine the route of interest rate increases next year. At the same time, the Chinese yuan recovered its base after the official policy knocked it back. On Thursday, the euro fell 0.5% but remained steady in Asia at $1.1298. The dollar …
On Wednesday, the dollar declined against some of its major peers after reducing concerns about the economic impact of the new Omicron variant. For example, it helped support riskier currencies, such as the Australian dollar, to get three sessions in a row of gains. The dollar index fell 0.5% to 95.855. The index remained close …
The dollar fell as Omicron fears eased; Aussie climbs Read More »
Today EUR/USD exchange rate seemed to be weakening as falling economic sentiment in Germany subdued Euro sentiment. Today, EUR/USD is trading at $1.1243, down 0.5% from today’s opening levels. Euro sinks despite overall positive data Today, the Euro appears to be sinking against most of its rivals despite various upbeat data that Germany and the …
On Tuesday, riskier currencies picked up while the dollar index remained steady as traders speculated that the new Omicron strain of coronavirus would not be as severe as previously anticipated. Asian shares made a recovery overnight. Oil prices rose as risk appetite changed following reports in South Africa this week saying that the new Omicron …
Commodity prices raised as Omicron turned out to be moderate Read More »
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