Forex Market

The US dollar gained 0.73% to 136.87 against the Japanese yen, the strongest since July 27. Sterling tumbled 1.03% to $1.1813 and had its biggest weekly drop against the dollar since September 2020.The US central bank needs to keep raising borrowing costs in order to tame high inflation, as clearly …

The US dollar gained 0.73% to 136.87 against the Japanese yen, the strongest since July 27. Sterling tumbled 1.03% to $1.1813 and had its biggest weekly drop against the dollar since September 2020.The US central bank needs to keep raising borrowing costs in order to tame high inflation, as clearly …

The USD/CAD pair opened at 1.29455 and is now trading at 1.2990; up by 0.35%. the asset is about the end the week with a gain of more than 200 pips. The Canadian dollar is still expected to sharply rise versus both NZD and AUD. Analysts even expect the USD/CAD …

Wall Street banks constitute the majority of companies involved in communications and record-keeping investigations conducted by the US Securities and Exchange Commission and the Commodity Futures Trading Commission.Banks have collectively been fined or have set aside more than $1 billion to cover regulatory penalties. This is why asset managers are …

Richmond Fed President Thomas Barkin reiterated on Friday that the Fed will do what it takes to return inflation target but acknowledged that this will not happen immediately. The US Dollar Index edged higher on these comments and was surging 0.45% on a daily basis at 107.97.“We are starting to …

Retail Sales in Canada rose by 1.1% on a monthly basis in June following May’s increase of 2.3% (revised from 2.2%), the data published by Statistics Canada revealed on Friday. This reading came in better than the market expectation for a growth of 0.3%. Further detail of the publication revealed …

The euro and the pound sterling fell to a one-month low against the US dollar on Friday, as investors worried about a further slowdown in global economic growth after US central bank officials reiterated the need to raise interest rates. The dollar index rose 0.2 percent to 107.69, after earlier …

European shares fell on Friday, heading for a weekly loss on fears that monetary policy tightening, inflationary pressures and an energy crisis could push the global economy into recession. The pan-European Stoxx 600 index was down 0.3 percent by 0721 GMT. Travel stocks led the declines. Among the stocks that …

Gold prices fell to a three-week low on Friday, as a stronger dollar and expectations of a US Federal Reserve interest rate hike dented the yellow metal’s allure. By 0451 GMT, spot gold fell 0.3 percent to $1,752.89 an ounce, after falling to its lowest since July 28 at $1,751.01 …

The US dollar has strengthened all along US trading hours as best performer. Market players assessed several encouraging US macroeconomic readings that suggest the economy has a good chance to avoid recession, despite technically being in.Economic DataEconomic data refers to Initial Jobless Claims declining to 250,000, below expectations, Philly Fed …