In early European trade, the US dollar rose after US consumer inflation (CPI) picked up in January. Meanwhile, sterling experienced a fall after the UK CPI rate cut. The dollar index (DXY), traded 0.34% higher at 103.458. US CPI was at 6.43% in January, short of the 6.2% analysts forecast. Moreover, a broadly viewed year-over-year …
Dollar Weakens, Yuan Rises The U.S. Dollar fell in early European trade on Tuesday, while the Chinese renminbi rose on hopes that the Chinese government will ease travel restrictions and increase risk appetite. The Dollar, which measures the value of the U.S. Dollar against a basket of six other currencies, fell 0.4011% to 106.165 after …
The Dollar Fell in Value The dollar fell on Monday as investors weighed the recent drop in US government bond yields, while China’s yuan fell to a two-week low due to anti-government protests. Protests erupted across China. On Sunday night, hundreds of protesters and police officers clashed in Shanghai. The onshore yuan in China finished …
To avoid escalating tensions with Russia, Western authorities minimized the impact of a lethal missile attack on a Polish hamlet, which led to a decline in the value of the U.S. dollar in early European trade on Wednesday. The Dollar Index measures the dollar’s value against six other currencies. It declined 0.3% to 106.013 at …
Sterling crept higher on a slight third-quarter growth contraction. Meanwhile, the U.S. dollar dropped in early European trade on Friday, continuing a selloff from the previous session. The Dollar Index measures the dollar’s value against a basket of six other currencies. It was down 0.5% at 107.50 at 02:50 ET (07:50 GMT). The index reached …
The U.S. Dollar Continues to Fall, This Time Amid CPI Release Read More »
Early on Tuesday in European trading, the U.S. dollar fell as investors assessed the possibility that the Federal Reserve will announce a less aggressive course for raising interest rates on Wednesday after its most recent policy meeting. The Dollar Index measures the dollar’s value against six other currencies. It was trading 0.4% down at 110.993 …
The Dollar Losses Recent Gains Ahead of Fed’s Meeting Read More »
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On Friday, the Australian and New Zealand currencies had back-to-back weekly gains; the pair was supported by forecasts of rising interest rates and surging commodities prices, which have pushed the Australian dollar to a six-year high. The Australian dollar (AUD=D3) remained steady at $0.7511 after hitting a four-and-a-half-month high of $0.7527 overnight. The high of $0.7555 in …
The comeback in Australia’s and New Zealand’s currencies and a strong employment market support a rate rise by the Reserve Bank of Australia. On Thursday, the Australian and New Zealand currencies recovered as positive domestic data drove bond yields higher, driving the Aussie to low-yielding yen highs not seen since early 2018. In another of …
Australia Rebounds, Rising Currency, Falling Unemployment Read More »
In Asia on Tuesday morning, the dollar, the Japanese yen, and the Australian dollar were all down. Lockdowns were imposed in several Chinese cities due to the recent COVID-19 outbreak. However, the attention remains squarely on the Federal Reserve’s March policy announcement. The US Dollar Index measures the dollar’s value against a basket of other …
On Tuesday, investors considered the economic implications of Russia-Ukraine hostilities, and the price of oil, one of Canada’s main exports, gave up some of its earlier gains. After trading between 1.2719 and 1.2782, the loonie remained practically flat at 1.2750 to the US dollar or 78.43 cents. “The Canadian dollar has been primarily at the …
The Canadian Dollar Stable, Russia Faces Penalties Read More »
The U.S. Dollar Index dragged down 0.07% to 95.766 by 9:56 PM ET. The USD/JPY pair went up 0.92% to 115.48. The AUD/USD pair stood up 0.25% to 0.7208, and the NZD/USD pair was up 0.35% to 0.6700. The USD/CNY pair inched down 0.08% to 6.3328, while the GBP/USD pair inched up 0.07% to 1.3591. …
The dollar is down as the U.S. denies Russian Ukraine claims Read More »
The dollar crept higher on Thursday, aided by risk aversion following poor data from Meta Platforms, the parent company of Facebook (NASDAQ: FB). However, the attention will be on central bank meetings in the United Kingdom and Europe. The Dollar Index, which monitors the greenback against a basket of six other currencies, rose 0.2 percent …
Dollar Rises in Response to ECB And BOE Meetings Loom Read More »
Australian billionaire Andrew Twiggy is suing Facebook. The reason is cryptocurrency fraudulent advertising; Who, he said, used Andrew’s name to deceive the victims. The chairman of Fortescue Metals alleges Facebook of banned Australian money laundering laws. It also argues that it is deliberately taking advantage of this cycle of illegal advertising. The first hearing in the …
Another Complaint to Facebook – Possible Crypto Fraud Read More »
The AUD/USD edged higher. In the process, it moved up to retest its 50% midpoint of the fall from the October high at 0.72736. The AUD/USD edged higher on Friday while moving up to retest its 50% midpoint. The high price reached was 0.72768. The falling 100-day moving average currently at 0.72847 helped to slow …
Forex: AUD/USD tests the 100 bar MA on a 4-hour chart Read More »
