It is a positive day for the world’s reserve currency, as the U.S. dollar edged higher on April 13, helped by a pick-up in U.S. Treasury yields. Nevertheless, it was still near three-week lows as markets waited for inflation data in the U.S. The greenback jumped in the first three months of 2021, but the …
The Turkish lira fell on April 12 as investor concerns grew regarding the deteriorating economic conditions in the country. Meanwhile, stocks in emerging markets recorded their worst drop in nearly three weeks as the corporate earnings season loomed. The Turkish currency weakened about 0.7% leading losses across Europe, the Middle East, and Africa (EMEA). The …
Turkish Lira, Investor Sentiment, and Economic Conditions Read More »
The U.S. dollar traded near longer than two-week troughs versus major peers on Thursday, which was tracking treasure income lower. No new catalysts were offered to dictate market direction after minutes of the Federal Reserve’s March policy meeting as well. Fed officials remained wary about the coronavirus pandemics’ risks and committed to strengthening monetary policy …
The Indian rupee dropped 75 paise to 74.16 against the U.S. dollar on Wednesday. The rupee fell to the lowest point since November 20, after the Reserve Bank of India made the decision to maintain the status quo on policy rates for the fifth time in a row. The country’s central bank kept its key …
Indian Rupee Fell to the Lowest Level Against the Dollar Read More »
The good news came from Japan, as the yen continued to recover from a more than one-year low near 111 per dollar, briefly strengthening back below 110 on April 6. However, the U.S. stabilized near an almost two-week low against a basket of its peers on Tuesday. The U.S. currency moved in tandem with Treasury …
Yen Continues to Recover from a More Than One-Year Low Read More »
One of the world’s major currencies was largely steady on April 5, as investors analyzed last week’s strong U.S. employment report as well as looked ahead to data regarding the U.S. services sector for affirmation of a powerful economic rebound from the coronavirus shock. The dollar reached its best quarter against main currencies in almost …
Dollar Posted its Best Quarter Against Major Currencies Read More »
The Australian dollar is struggling to strengthen its position against its American counterpart, as it alternates gains with losses vs. the U.S. dollar. As a result, it left a price action around AUD/USD side-lined above the 0.7600 yardstick on Good Friday. Moreover, the AUD/USD prolongs the side-lined theme above the 0.7600 level against the scenery …
Australian Dollar, American Counterpart, and Good Friday Read More »
This week, U.S. President Joe Biden announced his $2 trillion-plus job plan, including $621 billion to rebuild infrastructure. Interestingly, a $2 trillion U.S. government spending plan helped to boost the U.S. dollar. It is worth mentioning that, the dollar consolidated its first-quarter gains on April 1, holding ner multi-month highs. However, a new lockdown in …
The dollar once again reached a one-year high against the yen and multi-month peaks with other rivals on the last day of March, as investors bet that massive fiscal stimulus and aggressive vaccinations will help the U.S. lead a global recovery. Interestingly, President Joe Biden is set to outline later on Wednesday how he intends …
Dollar Once More Demonstrated its Strength on Wednesday Read More »
The U.S. dollar gained popularity many decades ago, and it retains the status of the most important currency in the world. Interestingly, the dollar reached a one-year high against the yen on Tuesday amid a spike in Treasury yields, as accelerating vaccinations and massive stimulus in the U.S. exhilarated inflation concerns. Moreover, the safe-haven greenback …
U.S. Dollar Reached a One-Year High Against the Yen Read More »
The U.S. dollar strengthened its position as a cautious market pushed investors to safety while the U.S. economic strength, as well as a rapid vaccine rollout, also added to the greenback’s shine. However, the euro was not so lucky, as it dropped 0.1% in the Asia session to $1.1783. Importantly, it was not far above …
Euro is on Track for its Worth Month in a Long Time Read More »
The U.S. dollar is the most recognizable currency in the world, and this fact once more highlights its importance. Interestingly, the dollar traded near multi-month highs against most major currencies on March 26. It is worth mentioning that, a wave of optimism over improving the U.S. economic data, the rollout of coronavirus vaccines as well …
U.S. Dollar Benefited from Vaccines and U.S. Economic Data Read More »
The British pound is one of the most recognizable currencies in the world. Interestingly, the pound continues to lose ground against the U.S. dollar. Importantly, GBP/USD is trying to settle below the support at 1.3710 while the U.S. dollar continues to strengthen its position against a broad basket of currencies. People should keep in mind …
Pound Failed to Gain Ground Against the U.S. Dollar Read More »
It is a good day for the Russian rouble, as it recovered from its lowest point so far this year. However, rouble-denominated treasury bonds levitated near a one-year low as the market prepared for the imminent U.S. sanctions against Russia. As a reminder, Russian assets have under pressure since last week. People should keep in …
Russian Rouble Recovered from its Weakest Level in 2021 Read More »
Central banks all over the world started to pay more attention to cryptocurrencies. However, it is too early to say that many of them are ready to embrace cryptocurrencies. This week, Federal Reserve Chairman Powell said that cryptocurrencies remain an unstable storage of value. Moreover, the Federal Reserve is in no hurry to introduce a …
Jerome Powell and His Position Regarding Cryptocurrencies Read More »
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