Since October, the USD weakened significantly as the Fed delayed its rate rises. Currently, it intends to cease after the next boost, worth 25 basis points (bps), on Wednesday. The UYSD has been losing ground versus most major currencies. However, it remains positive against the Canadian dollar. The USD/CAD fell during the majority of March, …
The U.S. dollar traded largely unchanged in Europe on early Thursday, stabilizing after Wednesday’s weakness following Fed Chair Jerome Powell’s speech in Congress. Powell insisted that it was too soon to withdraw the Federal Reserve’s monetary support for the economy. At 2 AM ET, the dollar index, which tracks the U.S. currency against a basket …
Dollar Traded Largely Unchanged on Thursday Morning Read More »
The dollar declined in early European trade on Tuesday, continuing its post nonfarm payrolls weakness. Other currencies, Australian and New Zealand dollars, rose amid signs that these economies are recovering strongly. The dollar started to decline on Friday, as the jobs report wasn’t sufficiently strong to push the Federal Reserve into tapering its asset-buying anytime …
Dollar is Unable to Overcome Post Nonfarm Payrolls Weakness Read More »
President Recep Tayyip Erdogan’s renewed calls for lower interest rates has sent Turkey’s lira to new all-time lows. He even spoke to the central bank’s new governor about it. Erdogan reiterated his position that the central bank must lower interest rates. He noted that lower interest would lift the burden on investments. Erdogan’s remarks were …
Lira Fell to Record Lows Following Erdogan’s Comments Read More »
