On Thursday, the dollar surged to 16-month highs while the euro and other currencies started to decrease in value. The yen went back to its multi-year lows after the U.S. inflation. Last month, data showed that U.S. customer prices increased at their fastest annual speed since 1990. Traders think the Federal Reserve could react by …
The dollar surges to 16-month highs after U.S. inflation Read More »
On Tuesday, the dollar index fell in choppy trading. In the meantime, on Wednesday, investors expected data tor the next primary indicator of whether increasing-price constraints are stimulating. Data showed on Tuesday that the U.S. producer costs rose in October. This situation indicates that high inflation might continue for a while in the middle of …
Dollar falls before the U.S. inflation data release Read More »
In India, customers use banks or payment service providers for sending or receiving money globally. Also, while traveling overseas for holidays, some people spend in foreign currencies or sometimes withdraw money using ATM, credit, or debit cards. In this case, people always pay high fees without knowing. They always end up paying hidden fees for …
On Thursday, the pound dived after the Bank of England gave the impression that future hikes might not be as aggressive as markets had expected. It also decided not to change interest rates. The pound seemed to be performing well for a couple of weeks. Traders priced it in one hike this year and at …
GBP/JPY – Slides as the Bank of England Disappoints Read More »
On Friday, before the U.S. jobs report, the dollar was on track for a second straight week of earnings against major rivals. This could affect the timing of the Federal Reserve interest rate rises. Sterling started its worst week while the Bank of England kept rates steady. The dollar index was steady at 94.328 after …
On Wednesday, the dollar held in a distance of the year’s peaks on the euro and yen. It followed the fact that investors waited for the Federal Reserve to begin slowing down pandemic-era policy support quicker than central banks in Japan and Europe. Moves were slight in Asia before the Fed’s meeting later in the …
On Tuesday, Australia’s dollar declined after its central bank discouraged investor hopes for a hawkish pivot. This started a long week for monetary policy that included the Federal Reserve and Bank of England decisions. The Aussie fell as much as 0.48% before trading 0.24% lower at $0.75026. Last week, it was as high as $0.75556, …
On Friday, the euro fell against its rivals. The single currency fell to its lowest point in more than a year against the Swiss franc, as Italian bond yields resumed their upward march a day after the European Central Bank (ECB) struck a dovish note at a policy meeting. The European Central Bank’s President Christine …
The euro fell below $1.16 ahead of the European Central Bank’s (ECB) meeting on Thursday. Investors are closely monitoring the central bank’s meeting. They would like to learn more about policymakers’ views on the outlook among other topics. The single currency dropped 0.2% to $1.1586 by 09:50 GMT. The dollar index which tracks the greenback …
The state of the U.S. dollar was far from being ideal on Wednesday, while the Australian dollar pared gains following a jump on surprisingly strong inflation data. The yen edged up ahead of the country’s central bank’s meeting on Thursday. Investors are looking to policy announcements this week from the Canadian and European central banks …
The U.S. dollar, or the greenback as many people call it, fell on Tuesday. It could not gain momentum, with most major currency pairs little changed as investors waited for major central bank meetings this week. One major bank, the Bank of Canada, meets on Wednesday. European Central Bank and Bank of Japan meetings are …
U.S. Dollar Suffered Losses Ahead of Central Bank Meetings Read More »
On Monday, the Turkish lira fell to 9.85, its another all-time low after President Tayyip Erdogan said he ordered the expulsion of ambassadors from the U.S. as well as nine other Western countries. A combination of problems stoked market volatility and sent Turkey’s sovereign dollar bonds tumbling. After touching the record low against the U.S. …
Erdogan’s Decisions Continue to Affect the Turkish Lira Read More »
The dollar declined against its rivals on Friday. The greenback is on track for a second consecutive week of decline as news that China Evergrande Group averted a default buoyed appetite for risky assets. Concerns regarding Evergrande sent investors flocking to the perceived safe-haven currencies like the dollar and government debt. It is not hard …
Risk-sensitive currencies slipped from multi-month highs on Thursday after their rally on strong raw material prices was sideswiped by sudden selling against the Japanese yen, in what traders described as inevitable profit-taking after a long rally. The Australian dollar dropped 0.2% against the U.S. dollar. Earlier in the day, the Aussie reached a 3 1/2 …
Australian Dollar Fell Against the U.S. Dollar and Yen Read More »
The greenback held steady on Wednesday, after an improvement in global risk appetite saw riskier currencies gain as well as the safe-haven yen hit a four-year low against the U.S. dollar overnight. Reduced demand for safe-haven assets saw the greenback hit a four-year high against the yen on Tuesday. The U.S. currency reached 114.695. However, …
Risk Appetite and Its Impact on the Australian Dollar 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..
