Forex Market

The Canadian dollar weakened against its US counterpart on Monday as the West imposed tougher sanctions against Russia over its Ukraine invasion and domestic data showed that the current account balance returned to a deficit in the fourth quarter.The safe-haven US dollar climbed and world stocks slid as new sanctions …

Atlanta Fed President Raphael Bostic said on Monday that the Fed needs to be “forceful and committed” in getting inflation under control, as reported by Reuters.Key Comments:“For now, inflation expectations in longer-term haven’t moved in a significant way.”“Labor supply is a huge problem.”“Until pandemic is over, there will be effects …

Geopolitical tensions between Russia and the West, including the Ukrainian crisis, have greatly escalated during last week. Although the current crisis will likely mark the inauguration of a new security formula for Europe and the United States, economists at Citibank still have confidence in the financial markets. Economists believe that …

The Russian Central Bank on Monday raised its key interest rate to 20 percent from 9.5 percent to counter the risks of a depreciating ruble and rising inflation. The central bank and finance ministry said Russia had also ordered companies to sell 80 percent of their foreign currency earnings. The …

The Russian ruble fell by nearly 29% against the dollar on the morning of Monday, February 28, as markets assessed the impact of sanctions announced by the United States and European countries on Russia. America and its allies announced that Russia was deprived of the use of the global banking …

Unless Moscow rolls back Russian troops shortly, which still seems doubtful, risk-on appetite in markets is believed not to continue for longer.Speculations tend to support the view that Russia’s invasion of Ukraine will slow the planned pace of US Fed’s quantitative tightening which is awaited mid-March.Investors and consumers are monitoring …

Markets stayed relatively quiet early Friday and the DXY extends its corrective slide as investors braced for another turbulent day. Economic Data Wall Street stocks were positively driven by economic data, which highlighted the rise of durable goods orders in the United States to double the level of market expectations. …

US consumer spending Rose by 2.1% in January and Inflation accelerated amid Omicron wave. Commerce Department’s inflation gauge rose 6.1% from a year earlier. As Russia’s attack on Ukraine helps push the price of oil to over $100 a barrel for the first time since 2014. Here’s how rising oil …

The AUD/USD pair saw an ultra-impressive rebound on Friday, with the pair rallying back into the mid-0.7200s despite ongoing uncertainty about the European geopolitical landscape and the global economy as fighting between Russian and Ukrainian forces in Ukraine intensified. The pair currently trades in the 0.7330s, up roughly 1.0% on …

The euro edges down 0.58% so far in the week, after falling in three of the week’s five trading days.On Friday, the EUR/USD trims some of its weekly losses, recording gains of 0.48% during the North American session. At press time, the EUR/USD is trading at 1.1252.In the overnight session …