Forex Market

On Thursday, The USD/CHF pair revisits multi-day low, last seen in March, amid broader US dollar’s decline. The positive market sentiment, in addition to the Treasury bond yields, in he red territory, have together impacted the American currency.The pair is trading at the time of writing versus the previous closing …

The British Pound adheres to latest gains, benefiting from the optimistic market sentiment and Thursday’s weaker US Dollar.The US Bureau of Labor Statistics (BLS) revealed that Initial Jobless Claims for the week ended on December 24 rose by 225K, in line with expectations. The same report showed that continuing claims …

The recovery of USD/CAD has been suspended below 1.3610. The Canadian dollar is paring its losses on the back of a mild rebound in oil prices. In the same time, the lower US Treasury bonds are impacting the demand for the US dollar. The yield of the benchmark US 10-year …

The Russian ruble fell to an eight-month low against the dollar as it suffered under expectations that sanctions targeting Russian oil and gas could limit export earnings. The ruble fell 0.9% against the dollar by 0717 GMT to 72.83, its weakest level since April 27. It also fell 0.7% to …

Gold prices rose on Thursday as the dollar and US Treasury bond yields fell, while traders awaited new indications of the Federal Reserve’s plans to raise interest rates. Spot gold rose 0.2 percent to $1,807.57 an ounce at 0303 GMT, after falling 1 percent in the previous session. US gold …

The 10-year US Treasury note yield stands at 3.88%. The 2-year note yields 4.35% after paying around 0.75% at the beginning of the year. One factor that is leading to another, as inflation is expected to probably surge again, pushing yields at the shorter end of the curve higher. Consequently, …

The USD/CAD pair has rebounded from weekly lows around 1.35920s and concludes trading closer to the 1.3600 mark. The pair is trading at 1.3592 at the time of writing after hitting the 1.3485 low.The stronger American Dollar keeps the Canadian Dollar under pressure. The US Dollar Index (DXY), a gauge …

At the time of writing, the USD/JPY is trading at 134.17, up by 0.54%. The dollar rallied a little bit against the Japanese yen during the US trading session on Wednesday, but it is obvious that the American currency is struggling to shyly hang on to gains later in the …

After the EUR/USD pair had made a run to weekly highs, it eventually retreated. The pair now is closer to the daily low as US yields rise.The stocks market turns negative, while crude oil sinks. The EUR/USD pair failed to break the current range despite hitting the highest level in …

The GBP/USD pair has come back above the 1.2100 figure, courtesy of the US Dollar weakness. China’s relaxing Covid-19 restrictions can keep the market’s positive sentiment.The British Pound sharply advances after the European trading session that exhibited choppy trading, bouncing off the day’s lows around 1.2000. the pair is also …