Recent forex market developments underscore the importance of comprehending currency movements within the ever-changing global economic landscape. The buoyant dollar has subdued the yen, which hit a 10-month low and maintained control over the euro and sterling. In this article, we delve into the latest forex patterns, particularly focusing on the USD/JPY pair, to gain insights …
Forex Patterns: A Look at Recent Dollar-Yen Trends Read More »
The dollar buying rate recently gained significant attention in international finance. The American session recently witnessed a surge in the US Dollar’s strength across the board, driven by risk aversion and soaring Treasury yields. This article delves into the dynamics that affect the best US dollar exchange rate and provides insights into making informed decisions …
The foreign exchange or forex market is dynamic in which various currencies worldwide are traded. One of the prominent pairs in this market is the Japanese Yen (JPY) against the US Dollar (USD). The yen conversion has recently witnessed significant fluctuations due to various factors, including the US Dollar Index surge, rising US Treasury yields, …
Yen Conversion in the Forex Market: USD/JPY Dips Read More »
The foreign exchange market, commonly known as the forex market, is abuzz with excitement as the USD/JPY pair experiences a significant surge. The pair is bolstered by positive economic indicators from the United States and Japan. Hence, the buying rate for the dollar has soared, propelling the USD/JPY exchange rate towards the psychologically important 145.00 …
Buying Dollar Rate: USD/JPY Rise With US Economy Read More »
Forex Market: EUR/USD and USD/JPY Gain Momentum In the fast-paced realm of forex trading, the currency markets have experienced notable momentum in recent times. This article presents a comprehensive analysis of the latest advancements in two major currency pairs, namely EUR/USD and USD/JPY, illuminating their trends and forthcoming economic indicators. Traders and investors carefully monitor …
The recent suspension of the US debt ceiling, along with positive indicators from the global economy and hopes of stabilized US interest rates, have bolstered risk-sensitive currencies. Among them, the New Zealand dollar (NZD) has exhibited strength, with a rise of over 1% since the beginning of the month. Despite experiencing a sharp decline after …
Recent Developments Boost Risk-Sensitive Currencies Read More »
This week’s forex market movement might be choppy. Participants hunt for the next fundamental driver. Following Wednesday’s underwhelming comeback, the US Dollar Index resumes its sideways crawl on Thursday. The forex risk sentiment remains neutral. The European Central Bank (ECB) will publish the minutes of its most recent policy meeting. Later, President Christine Lagarde will …
Forex: investors are looking for new catalysts in central bank Read More »
In the first half of the week, investors are looking for the next catalyst. Major currency pairings have struggled to make a significant move in either direction. Nonetheless, early Wednesday’s cautious market atmosphere appears to be aiding the US Dollar’s recovery. Later in the session, Eurostat will release revisions to the March Harmonized Index of …
Wednesday Forex: Everything you need to know about market Read More »
The U.S. dollar advanced in early European trade, with safe-haven demand amid ongoing banking volatility and ahead of a Federal Reserve policy meeting scheduled for this week. The dollar index traded up 0.1% at 103.470. The dollar decreased in value during the night following the revelation of emergency liquidity actions by prominent central banks in …
The U.S. Dollar Edged Higher and What is the Reason Read More »
In early European trade, the US dollar rose after US consumer inflation (CPI) picked up in January. Meanwhile, sterling experienced a fall after the UK CPI rate cut. The dollar index (DXY), traded 0.34% higher at 103.458. US CPI was at 6.43% in January, short of the 6.2% analysts forecast. Moreover, a broadly viewed year-over-year …
On Friday, one of Japan’s longest-standing online forex and CFD brokerages, OANDA Corporation, announced major changes to their service. Specifically, the Japanese subsidiary of the brokerage will no longer allow new downloads of its desktop version of the fxTrade trading platform. It has also changed the margin rate for corporate accounts’ USD/JPY currency pairs from …
OANDA Japan: No More fxTrade, USD/JPY Margin Shift Read More »
The US dollar fell in early European trade Friday, remaining near seven-month lows amid concerns about a slowing US economy, while the sterling fell after weak retail sales data. The Dollar Index fell 0.1% to 101.750, just above the seven-month low of 101.51 set on Wednesday. Investors anticipate the Federal Reserve to slow interest rate …
The U.S. dollar retreated from a seven-month low on Tuesday. Meanwhile, the Japanese yen fell ahead of the Bank of Japan meeting. The Dollar Index increased 0.1% to 102.005 on Tuesday after falling to a seven-month low of 101.77 on Monday. Early on Tuesday, the dollar found some support, but the market now agrees that …
The US dollar fell in early European trade Friday, extending the previous session’s decline, as lower US inflation allowed the Federal Reserve to slow the pace of interest rate hikes. The US Dollar Index (DXY) fell 0.10% to 101.965 after falling to its lowest level since June earlier in the session. This week, the index …
The US dollar rose slightly in early European trade Tuesday but remained just above a seven-month low as traders awaited Fed Chair Jerome Powell’s speech for more clarity on the central bank’s rate hike cycle. The Dollar Index rose 0.22% to 102.960 after falling to a seven-month low of 102.93 the day before. The dollar …
