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 »
The U.S. Dollar Index dragged down 0.07% to 95.766 by 9:56 PM ET. The USD/JPY pair went up 0.92% to 115.48. The AUD/USD pair stood up 0.25% to 0.7208, and the NZD/USD pair was up 0.35% to 0.6700. The USD/CNY pair inched down 0.08% to 6.3328, while the GBP/USD pair inched up 0.07% to 1.3591. …
The dollar is down as the U.S. denies Russian Ukraine claims Read More »
On Tuesday morning, the dollar was down in Asia as geopolitical worries over Ukraine weighed on the euro. However, the disagreement over how aggressively the US should raise interest rates limited the dollar’s losses. The US Dollar Index measures the greenback against a basket of other currencies. By 12:29 a.m. ET it dropped down 0.15 …
Ukraine Tensions, and The Fed’s Rate Debate Drag Euro Down Read More »
The dollar rose sharply on Friday, as rising consumer prices fueled predictions that the Federal Reserve will raise interest rates swiftly this year, beginning next month. The Dollar Index, which monitors the greenback against a basket of six other currencies, was 0.4 %higher at 95.915 at 2:55 a.m. ET (0755 GMT). Consumer prices in …
The Dollar Rises As Rising Inflation Signals Rate Hikes Read More »
The dollar crept higher on Thursday, aided by risk aversion following poor data from Meta Platforms, the parent company of Facebook (NASDAQ: FB). However, the attention will be on central bank meetings in the United Kingdom and Europe. The Dollar Index, which monitors the greenback against a basket of six other currencies, rose 0.2 percent …
Dollar Rises in Response to ECB And BOE Meetings Loom Read More »
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 »
On Friday morning, the dollar was down in Asia, heading for its worst weekly drop in eight months. Long holdings were reduced as investors gambled that many rate rises in the United States are completely priced in for 2022. The US Dollar Index measures the dollar’s value against a basket of other currencies. By 10:10 …
On Thursday morning, the dollar rose in Asia, fighting its way back from overnight lows. Although statistics revealed that consumer prices in the United States climbed at their quickest rate in over 40 years, it is unlikely to sway an already hawkish monetary policy. By 10:19 p.m. E.T., the U.S. Dollar Index, which measures the …
On Tuesday morning in Asia, the dollar remained down, staying below its recent high. Concerns about the new omicron variant, as well as a blow to Biden’s investment bill, also determined gains for riskier currencies. The U.S. Dollar Index decreased 0.06% to 96.466. The USD/JPY pair rose 0.11% to 113.68. The AUD/USD pair also rose …
The dollar fell, Omicron concerns rise as case numbers grow Read More »
On Tuesday morning, the dollar increased in Asia. This occurred as concerns over the Omicron strain, and interest rate hikes from the Fed increased. The U.S. Dollar Index edged up 0.13% to $96.391 by 12:06 AM ET (5:06 AM GMT). The USD/JPY pair rose 0.03% to 113.58. The AUD/USD pair decreased by 0.35% to 0.7105, …
The dollar surged after the expected Fed Interest Rate Hike Read More »
On Saturday, the Iranian Rial fell but continued to be over historic lows. It occurred after reported news was shared that world leaders’ plans to strengthen the 2015 Iran nuclear agreement might face difficulties. Indirect U.S.-Iranian discussions on keeping the 2015 Iran nuclear deal broke off this Friday until the following week, with European officials …
Iranian Rial sinks as nuclear talks appear to hit roadblock Read More »
On Thursday, the pound dived after the Bank of England gave the impression that future hikes might not be as aggressive as markets had expected. It also decided not to change interest rates. The pound seemed to be performing well for a couple of weeks. Traders priced it in one hike this year and at …
GBP/JPY – Slides as the Bank of England Disappoints 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 …
The U.S. currency rose on Friday morning in Europe, on track for its best week in several months, as traders position for a tighter U.S. monetary policy in the near future. The Dollar Index, which tracks the U.S. currency against a basket of six other currencies, traded 0.1% at 94.315. At 2:55 AM ET, the …
Dollar is on Course for its Best Week Since June Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURUSD The Eurozone, Germany, and France’s initial Purchasing Managers Index reports failed to beat the consensus estimates. The manufacturing sector took the most beating. For the currency bloc, the result fell 2.7 points to …
Daily Market Charts and Analysis September 23, 2021 Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
