The dollar declined on Wednesday morning in Asia but clutched onto its recent gains. Investors reacted to the spread of Covid-19’s more virulent Delta strain while awaiting U.S. jobs data key to the direction of the U.S. Federal Reserve’s monetary policy. The dollar index dropped 0.1% to 92.030 by 12:18 AM ET. The index which …
The U.S. dollar was up but remained below its best result in two months on Tuesday morning in Asia. Investors are waiting for the U.S. employment data that could determine when the Federal Reserve will withdraw its stimulus measures. The dollar index which tracks the world’s reserve currency against a basket of other currencies advanced …
Dollar Rose but Remained Below a Two-Month High on Tuesday Read More »
The U.S. dollar rose in early European trade on June 21, keeping the positive tone generated last week thanks to Federal Reserve’s position. The country’s central bank decided to accelerate its timetable for raising interest rates. At 2:55 AM ET, the dollar index traded 0.1% higher at 92.267. The index which tracks the greenback against …
Dollar Index Almost Reached its Highest Point Since April Read More »
The U.S. dollar once more demonstrated its strength on Friday, as it edged higher in early European trade, continuing to benefit from the Federal Reserve’s position. The greenback is still reaping the rewards of the central bank, taking a more hawkish stance sooner than expected. The Federal Reserve’s hawkish position represented an abrupt change from …
Federal Reserve’s Hawkish Tone and its impact on Dollar Read More »
The U.S. dollar suffered minor losses in early European trade on Wednesday but remained near a one-month high as traders warily await the latest communications from the Federal Reserve after the recent jump in U.S. inflation. At 2:55 AM ET (07:55 GMT), the dollar index was less than 0.1% lower at 90.468. The index which …
Dollar Fell But is Still Close to a One-Month High Read More »
CONTENT: General information Regulation Finantiko trading platform Spread and leverage Trading instruments Trading accounts Demo account Educational materials Deposits and Withdrawal policy Customer support Conclusion Finantiko.net Review: Can We Trust this Broker? The financial market is today’s colossal trend. Everyone wants to make big money in a shorter time. However, it requires particular experience, patience, …
The U.S. dollar was up on Thursday morning in Asia as investors reacted to China’s Caixin services data while awaiting key U.S. economic data for clues regarding the economic outlook and the U.S. Federal Reserve’s policy decision. The dollar index added 0.14% to 90.023 by 1:50 AM ET (5:50 AM GMT). The USD/CNY pair edged …
Dollar Rose as Investors Digested China’s Services Data Read More »
The foreign exchange market is open hours a day, and forex (FX) is the largest financial market in the world. Unlike the London stock market, forex has no allotted hours for trading. The foreign exchange market is made up of different international markets, each of which has its own trading session. One of the major …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDCAD Online spending in New Zealand was up 4.0% in April. Meanwhile, the annualized data showed a 108.71% jump in electronic card retail sales last month compared to the same month in 2020. On …
The British pound benefited from the information released by the Office for National Statistics (ONS). The GBP/USD maintains the upbeat momentum intact above 1.4000 amid mixed U.K. labor market report. Interestingly, the spot was last seen trading at 1.4003, up 0.15% on the day, courtesy of the merciless slide in the U.S. dollar. The pound …
U.K. Jobless Rate and its Influence on the Pound Read More »
The British pound is one of the most recognizable currencies in the world. Interestingly, the pound continues to lose ground against the U.S. dollar. Importantly, GBP/USD is trying to settle below the support at 1.3710 while the U.S. dollar continues to strengthen its position against a broad basket of currencies. People should keep in mind …
Pound Failed to Gain Ground Against the U.S. Dollar Read More »
According to the latest news, the British pound reached its highest level versus the U.S. dollar since April 2018. The sterling was trading below eight-month highs versus the euro on February 9. Analysts say that the United Kingdom’s lead in coronavirus vaccinations was a positive for the currency. The British currency reached $1.3788 versus the …
The pound hit its highest level versus the dollar since 2018 Read More »
The U.S. dollar remained on the back foot on January 29 as an imptovement in risk appetite sapped for the safest assets. The U.S. dollar index was slightly changed at 90.566 early in the Asian day. Significantly, it declined by 0.1% overnight. The American currency is still on track for a 0.4% weekly advance following …
The U.S. dollar index has slightly changed at 90.566 Read More »
The U.S. dollar extended gains versus most currencies as stock market rout triggered by concerts about excessive valuations increased safe-harbour demand for the American currency. Meanwhile, the euro nursed losses after the European Central Bank member warned that interest rate cuts are possible to curb the euro’s recent gains. Risk-sensitive currencies, like the Australian and …
The U.S. dollar extended gains versus most currencies Read More »
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