Dollar Index Steady as Investors Seek Risk Aversion
Dollar index continues to hold its gains as trade fears spur risk aversion. Click here for more information! – Wibest Broker
Dollar index continues to hold its gains as trade fears spur risk aversion. Click here for more information! – Wibest Broker
Prime Minister Theresa May is on her way to exit resulting in a slide in the pound. Click here for more information! – Wibest Broker
Australia’s currency reached its highest rise after a shock election win. Click here for more information! – Wibest Broker
Foreign exchange market corrects some of the extreme movements in early trade in Europe. Click here for more! – Wibest Broker
FOREX MARKETS – After the latest growth in the trade war between the United States and China on Monday, the Chinese yuan and Australian dollar plunged. Meanwhile, the safe-haven yen strengthened slightly. As Washington demanded promises of concrete changes to Chinese law and Beijing on Sunday, stating it would not swallow any “bitter fruit” that …
Dollar exchange rate hold on to its gains due to Fed’s refusal to Trump’s Demand. Want to know more? Click here now! – Wibest Broker
New Zealand Currency in distress after the report on jobs setback. Want to know more? Click here now! – Wibest Broker
Currency Pairs: EUR/USD in highs after a tough week. Click here for more information!
CURRENCY PAIRS – After data showed steady Chinese economic growth in the first quarter, the Aussie shot to a two-month peak on Wednesday, helping it shake off earlier losses. From the previous $0.7206, the Aussie was 0.2 percent higher at $0.7190, its strongest since Feb. 21. A four-month peak of 80.71 was also touched by the …
Aussie Surges, Euro Recovers with China’s Economy Read More »
FX MARKET – Last Tuesday in Europe, nearly on its third week, the dollar was close to being on its highest level on trading. At the same time, optimism has been damaged, raising the possibility of a disruptive and disorderly Brexit by the euro and sterling. On Monday, the greenback against a basket of six …
FOREX MARKETS – The dollar strengthened while the Aussie and kiwi weakened on Wednesday after news said that the Reserve Bank of New Zealand announced future monetary policy easing. The US dollar index, which is an indicator of the dollar’s strength against a basket of six other major currencies, rose 0.2 percent at 96. 912, …
CURRENCY PAIRS –The dollar gained on Wednesday on safe-haven appeal after reports of further tensions in the US-China trade negotiations. However, gains were capped as investors awaited the Federal Reserve for its policy meeting later in the day. The supposedly negative impact of the Fed’s pausing of interest rate hikes on the dollar has been …
FX Market – Lackluster US economic data weakened the US dollar as it strengthened speculations that the Federal Reserve will cut rates in the year. Meanwhile, the British pound stayed near nine-month highs as market participants hope for a vote in delaying Britain’s exit from the European Union. US manufacturing output slipped 0.4 percent in …
FX Market: Dollar Weakens on Soft US Economic Data Read More »
CURRENCY PAIRS – The dollar climbed up to a near-record-high against other majors early on Wednesday thanks to higher US yields and estimate-topping data. The Aussie, on the other hand, plummeted after lackluster economic growth data for the previous quarter. The dollar rose steeply after the unexpectedly positive data on US services industries were released …
CURRENCY PAIRS – Hopes over an imminent trade deal between the United States and China that could potentially end a year-long tit-for-tat tariff dispute pushed the yuan and the Australian dollar higher on Monday. Behind such optimism was a report by a reputable news source on Sunday stating that the two countries are nearing a …
Currency Pairs: Yuan, Aussie Rise on Trade Hopes Read More »