Forex Market

European stocks opened slightly lower on Wednesday amid continuing concerns about economic growth in China and concerns about central banks keeping interest rates high for longer. The European STOXX 600 index fell 0.1 percent by 0705 GMT and is on track to continue its losses for a fifth session, while …

The dollar rose to its highest level in ten months against a basket of major currencies on Wednesday, sending the euro and sterling to the lowest level in six months and raising the possibility of intervention to support the yen, as expectations of US interest rates remaining high for a …

The US Dollar Index has continued its rally for the third consecutive day, with the index posting its highest daily close since November of the previous year. Despite negative sentiment, US Treasury yields remained around 4.54%, while the Dow Jones and Nasdaq declined by 1.15% and 1.54%, respectively. Economic data …

The Australian monthly Consumer Price Index is expected to rise 5.2% YoY in August, marking the first reacceleration since April. This could be crucial for the Australian Dollar (AUD) and the Reserve Bank of Australia (RBA), which will hold its October monetary policy meeting next week.Inflation in Australia peaked in …

The GBP/USD pair has experienced a 0.46% loss due to risk aversion following the Bank of England’s decision. The Fed’s higher-for-longer stance continues to support the Greenback, with speakers emphasizing the need for another rate hike and sustained high rates. The Sterling is expected to weaken against the US Dollar, …

In the US trading session on Tuesday, the USD/CAD pair was able to surpass the 1.3500 mark. The pair is trading at 1.3520, up +0.49 at the time of writing. The US Dollar Index dominates the broader market, making it difficult for the oil-backed Canadian currency to gain momentum.The second …

On the background of accelerating interest rate bets and amid skyrocketing Treasury yields, as well as the Federal Reserve’s conviction that interest rates will stay high for a considerable amount of time, gold prices have declined around $1900. At the time of writing, the precious metal is trading at $1899.90 …

The yen fell on Friday after the Bank of Japan maintained its ultra-loose monetary policy, while the dollar remained near its highest level in six months on expectations that interest rates will remain high for a longer period in the United States. The yen declines after the Bank of Japan …

The Turkish lira fell to a record low of more than 27.236 against the US dollar on Tuesday due to inflationary pressures and the rise of the dollar, bringing its losses on an annual basis to more than 31%. President Recep Tayyip Erdogan’s support for a low interest rate policy …

European stocks continued to decline on Tuesday as high bond yields pressured the interest-rate-sensitive technology sector, while stocks exposed to China continued to weaken due to fears of a slowdown in the world’s second-largest economy. The European STOXX 600 index fell 0.7 percent by 0710 GMT, with the benchmark ten-year …