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 »
The dollar continued its steady upward trend on Friday; it hit a fresh near-two-year high against a basket of peers and a one-month high against the euro. USD was bolstered by expectations of a faster pace of Federal Reserve interest rate rises. In early Asia trade, the dollar index climbed to 99.904, its highest level …
The Dollar Index Edging Closer to 100, Its Four Years High Read More »
A senior Bank of Japan official warned the G7 countries that a common framework for regulating digital currencies should be created as soon as possible. The G7 assigns to the team of Seven an intergovernmental political forum. Therefore, it includes the following countries: Italy, the UK, Germany, Japan, Canada, France, and the USA. The statement …
Bank of Japan Calls on G7 Countries for Crypto Regulations Read More »
The euro fell on Monday. Last week, it followed a rally on the European Central Bank’s hawkish shift. Speculators flocked to the dollar. They hoped that a boost in U.S. job creation in January would lead to quicker Fed rate hikes. After reaching its highest level since mid-January on Friday, the European common currency fell …
Euro Falls as Jobless Claims Support the Dollar’s Recovery Read More »
The euro rose but the Fed decision might change the scenario. It rose after the European Central Bank’s hawkish turn last week. However, analysts said further short-term gains seemed unlikely to happen as the Fed tightening might support the dollar. On Monday morning, the euro appeared near Friday’s three-week high. In the meantime, Bitcoin held …
Today’s exchange rate between the Naira and the US dollar closed at N416 per dollar. This represents an increase of 1.2% on the previous day’s rate. The Naira has continued to strengthen against the dollar since June 19. However, the Naira has weakened against the dollar in the unofficial market, closing at N446 today. On …
Exchange rate gains as forex turnover records boost Read More »
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EUR/USD traded at its high in the 1st week of this year The EUR/USD pair has seen a price downfall this year but it reached its high in the first week of 2021. The pair reached its lowest in November. This year, the EUR/USD pair has experienced a price decline, but the pair reached the …
EUR/USD traded at its high in the 1st week of this year Read More »
Primotrade Review: Read Before You Invest PrimoTrade is an online brokerage firm that offers trading with Forex and CFDs. The broker was established in Dominica republic in 2020. Even though their website is pretty well-designed and well-functioning, some suspicious details lead us to further investigation. Our in-depth PrimoTrade Review will emphasize the shadiest and …
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Today EUR/USD exchange rate seemed to be weakening as falling economic sentiment in Germany subdued Euro sentiment. Today, EUR/USD is trading at $1.1243, down 0.5% from today’s opening levels. Euro sinks despite overall positive data Today, the Euro appears to be sinking against most of its rivals despite various upbeat data that Germany and the …
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