On Wednesday, the Economic Times reported that India might bar cryptocurrencies usage for transactions or payments. However, it will allow people to hold assets like gold, shares, or bonds. The newspaper also stated that the approach would avoid executing a complete ban. However, the government was interested in stopping crypto firms, including platforms and exchanges, …
On Tuesday, the Euro is at a 16-month low. In the meantime, the dollar was steady while traders awaited U.S. retail sales data. A strong reading might add pressure on the Fed to increase rates and stoke inflation. During the Asia session, talks between U.S. President Joe Biden and his Chinese counterpart Xi Jinping …
EUR/JPY Price Analysis When the bears can enter the support level of $130, the price might decline further to $128 and $129 levels. When the bulls interrupt the bears’ force, it might raise the EUR/JPY price to break up the $131 level in which it might extend to $133 and $132 price levels. Key Levels: …
EUR/JPY Price Sticks $131 Level Down while Targeting $130 Read More »
On Friday, the dollar went higher for a 3rd consecutive day in a row since a surprisingly strong U.S. inflation print surprised markets. It also inspired investors to advance their bets on a U.S. rate hike. Five-year bond yields increased to a February 2020 high, with short-dated U.S. Treasury yields going higher. Investors increase bets …
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 »
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