Forex Market

The U.S. Dollar (USD) declined on Monday, beginning the week with a relatively weak performance, following a rebound by the end of the previous week. An improved investors’ sentiment across global markets on expectations for economic recovery helped riskier assets and currencies rise, which weighed down on the greenback. The …

The Bank of England (BoE) Governor Andrew Bailey is not expecting long-term impacts from thw recent surge in consumer prices. The inflation rate in the United Kingdom (UK) rose last month to 1.5%, compared with 0.7% in March, as the economy recovers from the coronavirus pandemic, and amid rising energy …

The Euro (EUR) declined by 0.38% against the U.S. Dollar (USD) on Friday, as the greenback rebounded from recent losses. For the week, the EUR/USD pair recorded a 0.33% rise. Business activity in the Eurozone expanded during May, growing by the best pace in more than three years, official data …

The U.S. Dollar (USD) is rising on Friday, supported by positive economic data that showed an expansion in the output of the services and industrial sectors, registering fresh daily highs, after hitting its lowest level in roughly four months. However, the greenback is yet to recover all of its weekly …

The U.S. Dollar (USD) returned to the downward trend on Thursday, declining against most major currencies and erasing its short-lived gains following the release of the Federal Reserve April’s meeting minutes yesterday. Markets were relatively taken by surprise when the minutes showed that although members of the Federal Open Market …

The U.S. Dollar (USD) leveled up on Wednesday, to near logging its first daily rise in four sessions, after the release of the Federal Reserve’s April meeting minutes. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.48% at …

The Turkish lira fell on Friday, May 28, to its lowest level ever, influenced by fears of rising inflation worldwide and expectations at the local level that the central bank will cut interest rates soon, along with the emergence of concerns about a possible early elections. The currency, the worst …

The Canadian market is seeing increasing expectations that the Canadian Dollar (CAD) will maintain its recent against the U.S. Dollar (USD), which is prompting more exporters to adjust their currency hedges, according to a recent report by Bloomberg. Since the beginning of 2021, the loonie gained about 6% against its …

The U.S. Dollar (USD) maintained a negative performance on Tuesday, failing to recover his recent losses against major peers for the third consecutive session as Treasury bond yields stalled. Federal Reserve officials, including Robert Kaplan and Richard Clarida, recently reiterated the message that the central bank does not expect to …

The U.S. Dollar (USD) declined on Friday, returning to its downward trend after rising for two consecutive sessions, as Treasury bond yields fell. A surge in inflation, the biggest in more than a dozen years, prompted a decline in the yields of long-term debt instruments and led to varied expectations …