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 »
Recep Tayyip Erdogan remains in power for a long period of time. Recently, the country’s currency declined as much as 14% after President Erdogan removed Turkey’s central bank governor. As a reminder, Naci Agbal helped the Turkish lira to strengthen its positions. Nevertheless, Erdogan replaced Agbal in a surprise move on Saturday, the third central …
Turkish Lira fell by 14% after Central bank governor sacked Read More »
The world’s reserve currency held firmer on March 19, as it benefited from higher Treasury yields as well as dropping stock markets, as investors digested the Federal Reserve’s pushback against expectations of any early interest-rate hikes. It is worth mentioning that the dollar index was slightly higher following a 0.5% jump on Thursday. Interestingly, the …
Treasury Yields and Stock Markets Helped to Boost Dollar Read More »
It is a good day for the pound, as it rose to a 13-month high against the euro on March 18, shrugging off COVID-19 vaccine concerns ahead of a Bank of England meeting. Interestingly, the central bank is expected to leave the interest rates unchanged and maintain the Bank of England’s bond-buying program. People should …
Pound Reached its Highest Point Against the Euro Read More »
Traders are behaving excitedly, ahead of the Federal Reserve meeting scheduled later in the day. Spectators will likely see the central bank maintain its usual dovish monetary policy stance. However, an update on bond yield decisions is what will make the difference. Before this week, the market was largely focusing on bond yields more than …
US Dollar Flexes Ahead of the Federal Reserve Meeting Read More »
Hopefully, the U.S. dollar recovered from a near one-week low on Friday thanks to bond yields. However, this is not the end of the story as it looked set for its first weekly fall in three against a basket of its main rivals as riskier currencies gained support from calmer market sentiment. It is worth …
It was not an easy day for the U.S. dollar as it sustained losses against most currencies on March 11, after benign data on the U.S. consumer price index as well as a decline in Treasury yields forced some investors to cut bets on a rapid acceleration in inflation. Unsurprisingly, the euro was in focus …
Taiwan has a small and open economy and it is important to keep the Taiwan dollar at a relatively stable level according to the country’s central bank. It is worth mentioning that, Taiwan’s central bank made an interesting announcement on Wednesday. The country’s central bank announced a large increase in its currency intervention spending in …
Taiwan’s Central Bank, U.S. Treasury, and Risk Factors Read More »
On March 9, the dollar backed away from 3-½ month highs as U.S. Treasury yields stabilized, allowing room for riskier currencies to make gains. Interestingly, the pound, Australian dollar, and New Zealand dollar strengthened their positions. As a reminder, the index that measures the dollar’s strength against a basket of other currencies fell 0.2% in …
Dollar Declined From 3-½ Month Highs Due to Treasury Yields Read More »
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