The dollar fell on Monday morning in Asia, hitting a pause on its recent gains, after the U.S. jobs report helped to soothe concerns about an earlier-than-expected hike in U.S. interest rates. The U.S. dollar index that tracks the U.S. currency against a basket of other main currencies dropped 0.10% to 92.325 by 1:03 AM …
Latest U.S. Jobs Report and its Impact on Dollar Read More »
The foreign exchange market is the largest in the world. It is a global decentralized or over-the-counter market for the trading of currencies. The forex market determines the exchange rates for every currency. Moreover, it includes buying, selling, and exchanging currencies at current or determined prices. The foreign exchange market is also called the Forex …
Foreign Exchange: The Globalized Decentralized Economy Read More »
The U.S. currency reached as high as 111.165 yen for the first time since March 26, 2020, before trading essentially flat compared to Wednesday at 111.095. The dollar hovered near multi-month peaks against other main currencies on Thursday, ahead of a key U.S. jobs report. The report mentioned above could offer clues on when the …
Dollar Reached its Best Result Against the Yen in 15 Months Read More »
The dollar declined on Wednesday morning in Asia but clutched onto its recent gains. Investors reacted to the spread of Covid-19’s more virulent Delta strain while awaiting U.S. jobs data key to the direction of the U.S. Federal Reserve’s monetary policy. The dollar index dropped 0.1% to 92.030 by 12:18 AM ET. The index which …
The U.S. dollar was up but remained below its best result in two months on Tuesday morning in Asia. Investors are waiting for the U.S. employment data that could determine when the Federal Reserve will withdraw its stimulus measures. The dollar index which tracks the world’s reserve currency against a basket of other currencies advanced …
Dollar Rose but Remained Below a Two-Month High on Tuesday Read More »
The U.S. dollar rose in early European trade on June 21, keeping the positive tone generated last week thanks to Federal Reserve’s position. The country’s central bank decided to accelerate its timetable for raising interest rates. At 2:55 AM ET, the dollar index traded 0.1% higher at 92.267. The index which tracks the greenback against …
Dollar Index Almost Reached its Highest Point Since April Read More »
The U.S. dollar once more demonstrated its strength on Friday, as it edged higher in early European trade, continuing to benefit from the Federal Reserve’s position. The greenback is still reaping the rewards of the central bank, taking a more hawkish stance sooner than expected. The Federal Reserve’s hawkish position represented an abrupt change from …
Federal Reserve’s Hawkish Tone and its impact on Dollar Read More »
The U.S. dollar suffered minor losses in early European trade on Wednesday but remained near a one-month high as traders warily await the latest communications from the Federal Reserve after the recent jump in U.S. inflation. At 2:55 AM ET (07:55 GMT), the dollar index was less than 0.1% lower at 90.468. The index which …
Dollar Fell But is Still Close to a One-Month High Read More »
The Australian dollar was in action on June 9, with economic data from China also in focus. In June, the Westpac Consumer Sentiment Index dropped 5.2% to 107.2. The decline in June followed on from a 4.8% drop in May. The Westpac report contains many interesting details about the economy of the country. According to …
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Is Forex Trading Worth it? The Things You Need to Know Read More »
The U.S. dollar was up on Thursday morning in Asia as investors reacted to China’s Caixin services data while awaiting key U.S. economic data for clues regarding the economic outlook and the U.S. Federal Reserve’s policy decision. The dollar index added 0.14% to 90.023 by 1:50 AM ET (5:50 AM GMT). The USD/CNY pair edged …
Dollar Rose as Investors Digested China’s Services Data Read More »
President Recep Tayyip Erdogan’s renewed calls for lower interest rates has sent Turkey’s lira to new all-time lows. He even spoke to the central bank’s new governor about it. Erdogan reiterated his position that the central bank must lower interest rates. He noted that lower interest would lift the burden on investments. Erdogan’s remarks were …
Lira Fell to Record Lows Following Erdogan’s Comments Read More »
The Australian and New Zealand dollars began the week somewhat lower on Monday, following losses in oil and copper as coronavirus infections increase globally and notwithstanding bullish sentiment in more general Asian equities markets. The resource-sensitive Australian dollar increased to reach around flat at $0.7735 at midday, turning morning losses that forced the Aussie to …
Australian and New Zealand dollars struck by weak oil 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 »
The U.S. Dollar declined briefly to the lowest level since January 13 on Tuesday as investors’ attention shifted to how the U.S. Federal Reserve chief might respond to resurgent inflation expectations. At the same time, commodity-linked currencies hovered near multi-year highs. Interestingly, the recent rise in inflation expectations as investors bet on a post-pandemic economic …
Dollar Fell to the Lowest Point for a Short Period of Time Read More »
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