Global Markets and Crude Oil Prices Affected Indian Rupee The Indian rupee fell by 8 paise to close at 73.42 points against the U.S. dollar on May 12, disrupting its four-day gaining streak due to risk aversion in the global markets and surge in crude oil prices. Investors have to worry about several factors such …
Global Markets and Crude Oil Prices Affected Indian Rupee Read More »
The euro rose on May 11, hovering close to a 2-½ month high, it reached in the previous session, after the data showed German investor sentiment jumped to its highest point in May since the start of the Covid-19 pandemic. The ZEW economic research institute said its survey of investors’ economic sentiment increased to 84.4 …
The U.S. dollar declined to a more than two-month low against main peers on Monday after a weak U.S. employment report prompted investors to change expectations for higher interest rates. The focus now shifted to inflation data due this week. The world’s largest economy created a little more than a quarter of the jobs economists …
Dollar Fell Due to a Disappointing U.S. Jobs Report Read More »
The U.S. dollar stayed under modest but still pressure on May 7 ahead of an important U.S. jobs report that could strengthen expectations of a strong economic recovery. It could also trigger investor appetite for stocks, higher-yielding currencies, and commodities. The dollar index against six other main currencies stood near its lowest level so far …
The U.S. dollar hovered near a two-week high on May 6, combining ahead of an important jobs report that may provide useful information on when the Federal Reserve will change its monetary stimulus. The dollar rebounded from a one-month low over the past week, supported by U.S. economic data. The data mostly supported the case …
Dollar, U.S. Jobs Report, and the Federal Reserve Read More »
The chance of dismantling banking sanctions and unfreezing billions in forex assets in foreign banks represents the main driving force behind the sharp decline in currency prices in the last couple of days. A press release of the Central Bank of Iran is full of interesting details. In this press release, the head of the …
The U.S. dollar prolonged gains as risk appetite fell with investors awaiting upcoming data and policy speeches for clues. With main stock indexes treading water and bond yields firming a little bit, the greenback’s safe-haven appeal received a further boost in London trading. Tuesday’s bounce helped to reverse losses sustained on May 3, after a …
Dollar Strengthened its Position as Risk Appetite Falls Read More »
The U.S. dollar traded near nine-weeks low on Thursday, due to a dovish outlook from the country’s central bank and bold spending plans from the White House. Both factors mentioned above gave a green light for the global reflation trade. President Joe Biden’s push for another $1.8 trillion in spending also created a risk of …
U.S. Dollar Traded Near Nine-Weeks Low on April 29 Read More »
The U.S. dollar strengthened its position on April 28 as investors moved to the sidelines ahead of a U.S. Federal Reserve policy statement and a speech by Joe Biden later on Wednesday. The country’s president is set to announce more stimulus plans. One of the most important currencies in the world recovered from a one-month …
U.S. Dollar Was Higher Ahead of Federal Reserve’s Decision Read More »
The U.S. dollar floated near multi-week lows against major peers on April 27, weighed by subdued Treasury yields ahead of the Federal Reserve’s policy decision. However, the yen hardly budged after the country’s central bank decided to keep its policy on hold. The greenback was also out of favor after the world stocks started the …
Subdued Treasury Yields Affected the U.S. Dollar Read More »
The Turkish lira rebounded 1.5% on April 26 and recovered from near an all-time low as locals took advantage of recent weakness to sell dollars, but concerts lingered regarding U.S. relations as well as pending interest rate cuts. Turkish Lira is among the worst emerging markets performers in 2021, firmed to 8.3 versus the U.S. …
Turkish Lira Recovered From Near an All-Time Low Read More »
The British pound rebounded on Friday from a sharp fall on Thursday, thanks to strong retail sales data as well as business surveys that showed a positive tendency. The country’s economy might already be recovering from its worst annual contraction in 300 years. The country’s retail sales jumped in March as customers prepared for a …
The U.S. Dollar Index was struggling to find a way, as it exchanged gains with losses ahead of the opening bell in Euroland on April 22. Two days ago, the index which tracks the greenback vs. a basket of its major rivals declined to fresh lows in the 90.90/85 band. Nevertheless, it managed to regain …
The U.S. dollar was struggling to gain ground on April 21, hovering just above a seven-week low with the subdued U.S. bond yields reducing the currency’s yield appeal. The world’s reserve currency got some rest from a pullback in world stocks from record highs as the rise of coronavirus cases in many countries soured the …
Dollar Fell to the Lowest Point in More than a Month Read More »
The British pound benefited from the information released by the Office for National Statistics (ONS). The GBP/USD maintains the upbeat momentum intact above 1.4000 amid mixed U.K. labor market report. Interestingly, the spot was last seen trading at 1.4003, up 0.15% on the day, courtesy of the merciless slide in the U.S. dollar. The pound …
U.K. Jobless Rate and its Influence on the Pound Read More »
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