Oil fell, paring earlier gains, as signs of heavy supply, and a rise in U.S. crude inventories countered expectations of higher demand from China. The American Petroleum Institute reported that U.S. crude stockpiles increased by 6.3 million barrels in the week concluding on Feb. 24, preceding the Energy Information Administration’s official supply data. Brent crude …
Oil prices fall, despite signs of improved China demand Read More »
Advantages Of Cryptocurrency Transfers Over Bank Transactions Experts from Uniswap, the largest decentralized protocol by turnover, and researchers from Circle published a paper. They compared conventional international bank transfers with the substitute offered by the DeFi sector; the results were quite shocking. In addition to offering a quicker and less expensive solution to the issue, …
Advantages Of Cryptocurrency Transfers Over Bank Transactions Read More »
In early European trade on Wednesday, the US dollar increased somewhat, regaining ground lost overnight amid uncertainty surrounding the US midterm elections and ahead of crucial inflation data later this week. The dollar Index measures the dollar’s value against a basket of six other currencies. It was down around 1% this week at 02:50 ET …
After Germany accepted the EU’s request for a mechanism to control wholesale prices throughout the upcoming winter, benchmark prices for natural gas in Europe dropped again on Friday, moving back toward their lowest levels in four months. Front-month futures for the Dutch TTF contract, which acts as a benchmark for northwest Europe, were down 9.9% …
In early European trade on Monday, the U.S. dollar declined. This is while the sterling increased on the news that the U.K. will forward its tax and spending plans. This is to calm investors following the unrest connected with the beginning of new Prime Minister Liz Truss’s reign. The Dollar Index compares the value of …
Early on Thursday in European trade, the U.S. dollar continued its upward trend as sterling fell as the relief rally triggered by the Bank of England’s intervention in the bond market fizzled out. The Dollar Index, which measures the value of the U.S. dollar against a basket of six other currencies, increased 0.8% to 113.438 …
Sterling Sinks Further Down While the Dollar Surges Higher Read More »
The US dollar rose in early European trading on Thursday as buyers readjusted their positions ahead of next week’s Fed meeting. The yen also struggled to maintain the uptrend of the previous session. The Dollar Index compares the dollar’s value against six other currencies. It rose 0.2% to 109.593 at 02:50 ET (06:50 GMT), not …
Yen Resumes Its Downward Trend, Will It Recover Soon? Read More »
Before the much-awaited U.S. inflation data publication, the dollar dropped in European trade this Tuesday. The Dollar Index was trading 0.3% down at 107.803 at 03:05 ET (07:05 GMT), extending a decline from the 20-year high of 110.79 last week. The U.S. CPI for August will be the final key indicator of the country’s …
A few weeks back, EUR/USD hit 1.0, and it has been floating around that spot ever since. With a combined growth in the US and a decline in the EU, the two currencies were more or less equalized and still are. However, it seems like the euro still has a bit of latent power within …
The forex market worries investors. The euro fell to a fresh 20-year low on Wednesday as fears of rising energy prices and possible shortages cast a shadow over the eurozone economy, while demand for safe-haven assets pushed the dollar to a fresh 20-year high. Equinor (EQNR.OL) said that all oil and gas fields affected by …
Forex Market Overview: How Are USD And EUR Holding Up? Read More »
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InvestmentsGlobal Review 2022: What You Need To Know InvestmentsGlobal Review: General Information InvestmentsGlobal is a new luxury cryptocurrency broker that aims to provide top-notch trading and investing services for serious traders. The company opened in 2002 and is headquartered in the UK. The broker offers various digital assets. The company may offer better service than …
The US currency is surging due to Fed tightening fears and a weak euro. Since Thursday, the euro and the yen have fallen, while US bond rates have notably firmed, as worries of a Fed rate hike rise as we draw closer to May’s FOMC meeting. As a result, the dollar index has risen significantly, …
Here is Why the World is Panicking Over Fed’s Tightening Read More »
After the release of scorching inflation data, the dollar nudged higher in early European trade Wednesday, while the euro traded around a five-week low on worries that the war in Ukraine might drag on for a long time. The Dollar Index, which monitors the greenback against a basket of six other currencies, was 0.2 percent …
The Dollar Rises As The Ukraine War Is Expected To Continue Read More »
The dollar rose in early European trade Tuesday; it received a boost from high US bond rates ahead of the release of the latest consumer inflation data, which should confirm the Federal Reserve’s quick rate of tightening. The Dollar Index, which measures the dollar’s value against a basket of six other currencies, was 0.2 percent …
Ahead of The US CPI Release, the Dollar Rises on High Yields Read More »
