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 »
The AUD/USD pair experienced low levels in the previous week. The trend resumes this week, while most retail investors take off preparing for 2022. With no primary economic data expected, the focus will stay on the continuing trends in coronavirus cases. Recent data shows that new coronavirus cases are growing in Australia and the United …
On Tuesday morning in Asia, the dollar remained down, staying below its recent high. Concerns about the new omicron variant, as well as a blow to Biden’s investment bill, also determined gains for riskier currencies. The U.S. Dollar Index decreased 0.06% to 96.466. The USD/JPY pair rose 0.11% to 113.68. The AUD/USD pair also rose …
The dollar fell, Omicron concerns rise as case numbers grow Read More »
On Tuesday morning, the dollar increased in Asia. This occurred as concerns over the Omicron strain, and interest rate hikes from the Fed increased. The U.S. Dollar Index edged up 0.13% to $96.391 by 12:06 AM ET (5:06 AM GMT). The USD/JPY pair rose 0.03% to 113.58. The AUD/USD pair decreased by 0.35% to 0.7105, …
The dollar surged after the expected Fed Interest Rate Hike Read More »
After the U.S. consumer prices increased, the Australian Dollar gained some ground against the U.S. Dollar on Friday. It happened in line with expectations in the previous month as investors bet that the actual number might not change the speed of interest rate hikes. Those were investors who had been expecting considerably higher inflation. The …
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On Saturday, the Iranian Rial fell but continued to be over historic lows. It occurred after reported news was shared that world leaders’ plans to strengthen the 2015 Iran nuclear agreement might face difficulties. Indirect U.S.-Iranian discussions on keeping the 2015 Iran nuclear deal broke off this Friday until the following week, with European officials …
Iranian Rial sinks as nuclear talks appear to hit roadblock Read More »
The Australian Dollar appears to be trading flat on Wednesday after being pressured by rising U.S. Treasury yields driving up the interest rate of the U.S. Dollar. The catalyst extended the process of increasing bets on a faster taper rate with a faster-than-expected rate hike. The renomination of Jerome Powell as a Fed Chair for …
On Tuesday, the Euro is at a 16-month low. In the meantime, the dollar was steady while traders awaited U.S. retail sales data. A strong reading might add pressure on the Fed to increase rates and stoke inflation. During the Asia session, talks between U.S. President Joe Biden and his Chinese counterpart Xi Jinping …
Yesterday, as expected, the FOMC statement announced that there would be no rates hike, but the tapering to QE would start this month. The process would last until the middle of 2022, at a speed of a $15 million monthly reduction. This seems to be a significant policy shift of monetary policy in a less accommodative …
Forex Today: FOMC Starts Tapering But No Price Hike Read More »
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