Tue, October 04, 2022

USD/CAD

The Dollar Surges as Investors Anticipate greater rate hikes

Dollar Traded Largely Unchanged on Thursday Morning

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 …

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United states inflation, dollar, bank

Dollar is Unable to Overcome Post Nonfarm Payrolls Weakness

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 …

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forex: Lira Fell to Record Lows Following Erdogan’s Comments

Lira Fell to Record Lows Following Erdogan’s Comments

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 …

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