Amid speculation that the Bank of Japan had intervened, the U.S. dollar nudged up in early European trade on Monday. At the same time, the sterling gained as it appeared probable that Rishi Sunak would become prime minister of Britain. The Dollar Index compares the dollar to a basket of six other currencies. This index …
Despite Possible BOJ Intervention, the Dollar Rises Read More »
The U.S. dollar fell in early European trade on Tuesday as risk sentiment rose, but sterling clung to recent gains after the U.K. government’s policy reversal. At 03:05 E.T. (07:05 GMT), the Dollar Index, which compares the dollar value to a basket of six other currencies, fell 0.5% to 111.145, setting a two-week low. Hence, …
Treasury Yields Dropping and Are Taking the Dollar Along Read More »
In early European trade on Tuesday, the U.S. dollar declined as risk sentiment increased, while sterling held onto recent gains following the U.K. government’s policy reversal. The Dollar Index measures the value of the dollar against a basket of six other currencies. It lost 0.5% to 111.145 at 03:05 ET (07:05 GMT), hitting a two-week …
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 »
Early on Wednesday in European trading, the U.S. dollar steadied. The new U.S. inflation data boosted the dollar. The Dollar Index (DXY) measures the dollar’s value against six currencies. It was steady at 109.510 at 03:00 ET (07:00 GMT); after rising 1.5% overnight. In particular, the so-called “core CPI” increased by 0.6%. It exceeded expectations …
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 …
Some significant changes have occurred in global markets this week. Harsh bear has influenced the crypto industry, causing other markets to struggle. How have Forex, Stocks, Crypto, and commodities performed this week? Our weekly overview will summarize this week’s market trends and outcomes. Forex Weekly Overview The U.S. dollar rose in early Asian trade on …
Weekly Overview: Forex, Stocks, Crypto, Commodity, June 17 Read More »
Global markets and trends change every day. Several big influencers cause price movements every second. How have Forex, Stocks, Cryptocurrencies, and Commodities performed this week? Our weekly overview will answer that question and summarize the week’s performance. Forex Weekly Overview The dollar rose in early Asian trade on Friday ahead of U.S. inflation data and after …
Weekly Overview: Forex, Stocks, Crypto, Commodities June 10 Read More »
Global markets and trends change every day. Several big influencers cause price movements every second. How are you doing this week in Forex, Stocks, Cryptocurrencies, and Commodities? Our weekly overview will answer this question and summarize this week’s overall market performance. Forex Weekly Overview The dollar edged lower in early European trade on Friday. Still, …
Weekly Overview: Forex, Stocks, Crypto, Commodities May 13 Read More »
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 slightly against the Japanese yen on Monday morning in Asia, reaching as high as 119.3 yen, threatening the six-year high of 119.39 reached on Friday. By 11:47 p.m. E.T., the U.S. Dollar Index, which measures the dollar’s value against a basket of other currencies, had risen 0.05 percent to 98.278. (3:47 AM …
In Asia on Tuesday morning, the dollar, the Japanese yen, and the Australian dollar were all down. Lockdowns were imposed in several Chinese cities due to the recent COVID-19 outbreak. However, the attention remains squarely on the Federal Reserve’s March policy announcement. The US Dollar Index measures the dollar’s value against a basket of other …
Despite Russia’s invasion of Ukraine, which began on February 24, the president’s economic adviser downplayed the chances of the hryvnia depreciating further on Saturday. Ukraine’s budget was completely financed, according to Oleg Ustenko; the country’s $27.5 billion in foreign exchange reserves will receive a refill. Ukraine has received emergency funding from the IMF and other …
On Tuesday, investors considered the economic implications of Russia-Ukraine hostilities, and the price of oil, one of Canada’s main exports, gave up some of its earlier gains. After trading between 1.2719 and 1.2782, the loonie remained practically flat at 1.2750 to the US dollar or 78.43 cents. “The Canadian dollar has been primarily at the …
The Canadian Dollar Stable, Russia Faces Penalties Read More »
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