Economic Report

The dollar fell last week, as commodity bulls took some breathing; However, this decline was short-lived, as the dollar jumped again to its highest level in 20 years. The dollar’s rise to a high of 112 from a one-week low came, moving back towards levels not seen since May 2002, …

The Fed’s Vice Chair Lael Brainard, on Friday, stressed that any rate cut would be premature. Brainard added her full support of US central bank’s higher for longer plan for interest rates to combat inflation that new data shows is still at more than three times as much as the …

The euro and the British pound rose to a one-week high on Friday, bolstered by moves from the Bank of England to reassure the markets and indications that the European Central Bank is tightening monetary policy as foreign exchange markets regained some calm at the end of a volatile week. …

Intense market volatility in the UK escalated recession risks and global contagion fears. The gold market is one clear example, as it is cautiously observing the developments as prices rise from 2.5-year lows.UK market’s decline continues one day after the BoE intervened in the gilt market via an emergency bond-buying …

The British pound and the euro fell on Thursday, while the dollar rose as the relief over the Bank of England’s intervention in the bond markets faded. Investors are awaiting German inflation data. On Wednesday, the British currency jumped to its highest level since mid-June after the Bank of England …

US treasury yield fell, on Wednesday, after climbing to the highest since January 2008. The yield on the US 10-year note was last seen down 24.2 basis points to 3.705%, after earlier touching 4.01%, the first rise above 4% in nearly 15 years while money markets girded for higher interest …

Nervous financial markets pushed the dollar to a two-decade high on Wednesday, Sept. 28, as rising interest rates around the world fueled recession fears. The pound slid further after recent warnings about Britain’s tax cut plans. The US dollar index rose by about 0.5% to a new record level at …

The EUR/USD is pressured and teasing two-decade low marked earlier in the week. Russia’s Nord Stream gas pipeline leaks, in the Baltic Sea, renewed fears about Europe’s energy crisis, and at the same time raised recession-linked fears. The EUR/USD pair holds lower grounds around the yearly bottom marked on Monday, …

The British pound rebounded on Tuesday, but its trading was mostly built on hope, profit taking and higher British yields, leaving traders anxious about the broader implications of its record decline. With the dollar weakening, sterling rose by one percent in Asia to $1.0805, up nearly five percent from Monday’s …

The USD/CAD is holding in bullish territory with the US dollar spiking to fresh bull cycle highs. Market volatility has dented the high beta CAD in the face of weaker oil prices.The USD/CAD is up over 1.3% on the day as the pair tries to hold on to near the …