The US dollar had a substantial increase in momentum on Monday as risk appetite across the board decreased and uneasy investors piled into the USD. Just below 1.3680, the USD/CAD pair is rounding into the midway of the US trading session.The Purchasing Managers Index (PMI) for Canadian Manufacturing fell on …

As profit-taking increases and the US Dollar strengthens as a result of rising US Treasury bond yields, WTI crude declines 2.37% to $88.54 per barrel. The demand for oil may be at danger due to worries about the economy’s slowdown, which are emphasized by lower manufacturing data from China and …

Michael Barr, Vice Chair for Supervision of the Federal Reserve, stated on Monday that the central bank should implement monetary policy cautiously.The most important question, in his opinion, is not how much higher interest rates will rise, but rather how long they will stay at a level that is appropriately …

Rising US Treasury bond yields and anticipation of further Fed tightening weigh heavily on the EUR/USD pair, which declines to 1.0500, down 0.69%. The Euro is losing value due to divergent economic forecasts that show growing US business activity and slowing manufacturing activity in the Eurozone.With major support at 1.0500 …

The US economy’s main engine, the industrial sector, is still contracting. However, there are indicators of progress. The purchasing managers index, or PMI, published by the Institute for Supply Management registered 49 in September as opposed to 47.6 in August.According to the data presented on Monday, the US manufacturing sector …

The U.S. economy is still dealing with the aftermath of the COVID-19 pandemic, Federal Reserve chair Jerome Powell said during a meeting with community and business leaders in York, Pennsylvania.“We are still coming through the other side of the pandemic,” Powell said, noting labour shortages in healthcare, ongoing difficulties with …

The GBP/USD rose early in the US session but fell as the market was broadly pulled back towards the US dollar. The UK faces high recession risk, with Pound Sterling bids capped. The GBP/USD sank just south of the 1.2200 handle, struggling under a bearish trend. The Bank of England …

The decline in crude oil prices on Friday has sent the Canadian dollar back to recent lows. Market forecasts for the Canadian GDP missed, and economic growth is seen as flat. As the Canadian dollar declines and the US dollar rises, the USD/CANADIAN DOLLAR crosses a new weekly high.On Friday, …

The US Dollar is attempting to maintain its winning streak since the summer, with the index set to print its 11th consecutive weekly gain. However, headwinds are building up, including the ongoing UAW strike, the US government shutdown, and GDP miss. The US Dollar Index is standing at 106.130 at …

The cost of living in the US is increasing. Last month’s overall inflation was heated up by higher gasoline prices, but the Fed received some good news: its preferred inflation indicator dropped to its lowest level in two years. For the 12 months ending in August, the core Personal Consumption …