Fri, January 27, 2023

Central bank

Dollar Soars, Aussie Slips on Economic Report

Dollar Soars, Aussie Slips on Economic Report

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 …

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Wibest Broker – Asian Market: dollar and yuan banknotes with chess horse pieces on top of them.

Asian Market: China Stocks Rise after Trump Tariff Delay

ASIAN MARKET – Asian stocks experienced a China-led rise on Monday after US President Donald Trump announced that he would delay planned hikes in tariffs on Chinese imports. Negotiations between the two economic superpowers have made “substantial progress,” Trump said. Last Sunday, Trump tweeted announced that he would delay the scheduled tariff hikes supposed to …

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Dollar grapples ahead Fed minutes while gaining in Yen

Forex Markets: Dollar grapples ahead Fed minutes while gaining in Yen

The dollar struggles on facing its peers today, falling before the Federal Reserve’s (Feds) policy minute talk. However, it manages to gain on the yen when strong investor risk desires to rim the demand of the Japanese money. That makes the U.S. dollar up by 0.2 percent at about 110.83 yen. As the safe-haven currency …

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Reserve bank of australia (RBA) website on a smartphone

RBA Shifts to Neutral Stance on Interest Rates

On Wednesday, Australia’s central bank, RBA, hinted at possible rate cuts. This came in the midst of mounting economic risks and was a notable deviation from its long-standing tightening plan, setting its local currency tumbling. According to Reserve Bank of Australia (RBA) Governor Philip Lowe’s first public speech this year, the strength of the labor …

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dollar bills piled on top of each other

Dollar Struggling over Trade War, Gov’t Shutdown

The dollar was restrained versus its peers on Thursday, limited by concerns over global growth, the US government shutdown, and a yet-unresolved US-China trade war. “Trade tensions are the most dominant factor for investor sentiment right now and will drive market flows,” said Nick Twidale, who is the chief operating officer at Rakuten Securities. Twidale …

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BOJ website ion computer screen

BOJ Slashes Inflation View, Retains Monetary Stimulus

The Bank of Japan (BOJ) has slashed its inflation forecasts on Wednesday and warned of rising risks to the economy from faltering global demand, further pushing back policymakers’ years-long efforts to foster durable growth. As widely expected, the BOJ retained its ultra-easy monetary settings at its policy review, leaving Japan some way off from exiting …

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dollar bills piled up

Dollar Nears Two-Week High on IMF Cut over Global Growth

The dollar stayed close to its two-week highs against its peers on Tuesday as a slowdown in China’s economy to 28-year lows fueled fresh worries regarding global growth and prompted investors to move into safe-haven currencies. Overnight, the International Monetary Fund (IMF) slashed its 2019 and 2020 global growth forecasts, citing a bigger than expected …

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McAfee and its report on Netwalker

Bitcoin Should Veer Away from PoW, Says BIS

Bitcoin (BTC) problems are only solvable by departing from proof-of-work (PoW) system, according to research published by the Bank for International Settlement (BIS) on January 21. According to the paper, when the future Bitcoin’s block rewards fall to zero – given that only a limited number of new Bitcoin will ever be created – transaction …

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US dollar closeup shot

Dollar Struggles on Fed Rate Speculation

The dollar floundered for traction against other currencies on Tuesday, with investors increasingly convinced that the Federal Reserve will not raise interest rates this year amid risks of a sharper slowdown in global growth. Read more here!