Forex Market

Most observers and analysts assert that proposals for de-dollarization can undoubtedly be detrimental to the US dollar. Once regarded as the sole currency for international trade, the American dollar is losing its appeal and being supplanted by other currencies. The United States today faces a growing wave of global de-dollarization …

The monthly employment report from the United States was sufficient to resurrect worries about economic growth and the possibility of entering a recession. After a long weekend, Australia will announce Westpac Consumer Confidence.The AUD/USD pair falls for a sixth day in a row close to the 0.6600 level. After Wall …

Next Thursday, the UK will reveal crucial macroeconomic data. On the strength of a gloomy market environment, the American Dollar is gaining. With selling pressure present, the GBP/USD pair may decline towards 1.2273. GBP/USD is currently trading at approximately 1.2380 after making a minor recovery from an intraday low of …

According to Reuters, policymaker for the European Central Bank (ECB) Pablo Hernandez de Cos stated on Monday that core inflation in the Eurozone is expected to continue high for the remainder of the year.“There is still territory to be covered in terms of monetary policy,” de Cos continued, “if the …

Nonfarm Payrolls increased by 236,000 in March, according to statistics released on Friday by the US Bureau of Labor Statistics (BLS). This result follows February’s print of 326,000 and came in slightly below the market consensus of 240,000. (revised from 311,000).Global financial markets ended last week with mixed performance reflecting …

After Friday’s NFP data, attention is shifting turns to US inflation and global growth concerns. Markets continue to move fast. Economic DataNonfarm Payrolls increased by 236,000 in March, according to statistics released on Friday by the US Bureau of Labor Statistics (BLS). This result follows February’s print of 326,000 and …

The US Dollar Index spikes to 102.29 and retreats to 102.00.  March US jobs report mostly in line with expectations. Wall Street’s holiday will likely keep price action limited, normal activity to return on Tuesday. The US Dollar Index (DXY) rose to 102.29 after the release of the US March …

In an immediate reaction, the EUR/USD fell from 1.0915 to the 1.0880 zone, reaching the lowest level since Monday, after the release of the US employment report. Numbers came in mostly in line with expectations, boosting the Greenback across the board.US Nonfarm Payrolls rise by 236K in March against 240K …

In the past two weeks, central bankers in central Europe have stepped up their hawkish policy messaging in an effort to dissuade investors from placing bets that they will soon start an easing cycle. Their message is beginning to find momentum. These policy cautions came amid a European market slump …

On Friday, the Russian ruble fell to its lowest level against the dollar and the euro since April 2022, crossing the 90 ruble barrier against the euro amid a foreign currency crisis and the sale of Western companies in Russia. The ruble fell 1.1% against the dollar to 82.28 by …