On Friday, before the U.S. jobs report, the dollar was on track for a second straight week of earnings against major rivals. This could affect the timing of the Federal Reserve interest rate rises. Sterling started its worst week while the Bank of England kept rates steady. The dollar index was steady at 94.328 after …
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, …
The euro fell below $1.16 ahead of the European Central Bank’s (ECB) meeting on Thursday. Investors are closely monitoring the central bank’s meeting. They would like to learn more about policymakers’ views on the outlook among other topics. The single currency dropped 0.2% to $1.1586 by 09:50 GMT. The dollar index which tracks the greenback …
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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. …
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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 …
Global markets and trends are changing each day. Some major influencers cause price movements each second. How have you performed Forex, Stocks, Crypto, and Commodity markets this week? Our weekly overview will answer this question and summarize this week’s overall market performance. Forex market weekly overview Let’s start with the foreign exchange market. The U.S. …
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The greenback held steady on Wednesday, after an improvement in global risk appetite saw riskier currencies gain as well as the safe-haven yen hit a four-year low against the U.S. dollar overnight. Reduced demand for safe-haven assets saw the greenback hit a four-year high against the yen on Tuesday. The U.S. currency reached 114.695. However, …
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Global markets and trends are changing every day. Let’s discuss what major updates have Forex, Stocks, Crypto, and Commodity markets experienced this week. Forex Due to the rebound in global risk appetite, the U.S. dollar fell against major currencies for the first time since last Friday, while the Japanese yen fell to a three-year low, …
Weekly overview: Forex, Stocks, Crypto, Commodities Oct 15 Read More »
The U.S. dollar fell on Friday morning in Asia. The greenback is on track for its first weekly decline since the start of September. The dollar retreated from a one-year high as investors focus on when the country’s central bank will start to hike interest rates. The U.S. Dollar Index that tracks the U.S. currency …
On Tuesday, the dollar touched a one-year high on hopes that the United States Federal Reserve will announce a tapering of the bond-buying program next month. Hence, investors fled to the safe-haven currency in response to rising energy costs. On the two-year Treasury note in the United States, Yields rose to their highest level in …
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