At the Investors and Exporters (I&E) window, the exchange rate between the US dollar and the naira closed at N414.5/$1. Last Friday, the Nigerian currency gained more against the US dollar, representing a 0.11% appreciation than N414.7/$1 recorded the day before. The rate also gained in the prior trading session compared to the session that …
Nigerian currency takes gain as forex supply falls further Read More »
On Thursday, the dollar started decreasing from its 16-month high. At the same time, traders evaluated if the U.S. currency’s current surge had gone too far. Central banks fueled this surge after tightening expectations in the middle of surging inflation around the world. On Wednesday, the dollar index (which measures the currency against a basket …
Inflation records brought some crazy changes this week. In our weekly overview, we will summarize the most important events in Forex, Crypto, Stocks, and Commodity markets that occurred this week. Forex Weekly Overview The U.S. dollar hit a 16-month high on Thursday. The cost of borrowing in the bond market rose again slightly after the …
On Wednesday, the dollar held in a distance of the year’s peaks on the euro and yen. It followed the fact that investors waited for the Federal Reserve to begin slowing down pandemic-era policy support quicker than central banks in Japan and Europe. Moves were slight in Asia before the Fed’s meeting later in the …
On Tuesday, Australia’s dollar declined after its central bank discouraged investor hopes for a hawkish pivot. This started a long week for monetary policy that included the Federal Reserve and Bank of England decisions. The Aussie fell as much as 0.48% before trading 0.24% lower at $0.75026. Last week, it was as high as $0.75556, …
If you are an experienced trader, you might be familiar with the term OTT. Using OTT might be highly beneficial for you. Thus, let’s discuss that is the idea of Order-Triggers-Two and how you can use it. The order triggered double (OTT) is a composite contingent order. It places a pair of secondary orders when …
On Friday, the euro fell against its rivals. The single currency fell to its lowest point in more than a year against the Swiss franc, as Italian bond yields resumed their upward march a day after the European Central Bank (ECB) struck a dovish note at a policy meeting. The European Central Bank’s President Christine …
How have global markets performed this week? Our weekly overview will underline the major highlights of this week’s forex, stocks, crypto, and commodity markets. Forex weekly overview The U.S. dollar struggled to gain momentum before this weekend, while the Australian dollar rose sharply after unexpectedly strong inflation data. The yen rose slightly before the Bank …
Weekly Overview: Forex, Stocks, Crypto, Commodities Oct 29 Read More »
The state of the U.S. dollar was far from being ideal on Wednesday, while the Australian dollar pared gains following a jump on surprisingly strong inflation data. The yen edged up ahead of the country’s central bank’s meeting on Thursday. Investors are looking to policy announcements this week from the Canadian and European central banks …
The U.S. dollar, or the greenback as many people call it, fell on Tuesday. It could not gain momentum, with most major currency pairs little changed as investors waited for major central bank meetings this week. One major bank, the Bank of Canada, meets on Wednesday. European Central Bank and Bank of Japan meetings are …
U.S. Dollar Suffered Losses Ahead of Central Bank Meetings Read More »
On Monday, the Turkish lira fell to 9.85, its another all-time low after President Tayyip Erdogan said he ordered the expulsion of ambassadors from the U.S. as well as nine other Western countries. A combination of problems stoked market volatility and sent Turkey’s sovereign dollar bonds tumbling. After touching the record low against the U.S. …
Erdogan’s Decisions Continue to Affect the Turkish Lira Read More »
The dollar declined against its rivals on Friday. The greenback is on track for a second consecutive week of decline as news that China Evergrande Group averted a default buoyed appetite for risky assets. Concerns regarding Evergrande sent investors flocking to the perceived safe-haven currencies like the dollar and government debt. It is not hard …
Risk-sensitive currencies slipped from multi-month highs on Thursday after their rally on strong raw material prices was sideswiped by sudden selling against the Japanese yen, in what traders described as inevitable profit-taking after a long rally. The Australian dollar dropped 0.2% against the U.S. dollar. Earlier in the day, the Aussie reached a 3 1/2 …
Australian Dollar Fell Against the U.S. Dollar and Yen Read More »
The U.S. currency retreated on Tuesday to a three-week low, due to multiplication in rate-hike bets in other markets. The yuan jumped to its highest point in four months, benefiting from the greenback weakness as well as a slight easing in property market concerns. A positive start of the U.S. earnings season and hopes that …
The U.S. dollar suffered losses against a basket of major currencies on Friday. The greenback fell as global risk appetite rebounded, helping reduce demand for the world’s reserve currency. Last week, global stocks have rallied as fears about a stagflationary economy declined thanks to better than expected corporate earnings in the U.S. U.S. retail sales …
Dollar Fell Against a Basket of Major Currencies Read More »
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