Forex Market

A majority of Americans believe President Biden has not been “tough enough” on Russia over its invasion of Ukraine but are concerned about the US being drawn into an all-out war with Russia, according to a poll published on Monday by the Associated Press-NORC Center for Public Affairs Research.Why it …

The recipe behind the Russian ruble’s rebound was based upon limiting selling and forcing buying. This is exactly how Russia has manufactured demand for its beleaguered currency. The consequences of harsh economic sanctions against Russia are felt all over the globe. Hence, lies the importance exploring what happened so far …

The sterling begins the trading week down by 100-pips amid broad US dollar strength in the financial markets, courtesy of higher yields as market players expect a 50 bps increase to the Federal Funds Rate (FFR) by the US central bank. The market sentiment is mixed as European shares rise, …

Russian Foreign Minister Sergei Lavrov said that Russia and China relations are at their strongest ever, as Western countries seek to isolate Moscow with unprecedented sanctions over the Ukraine crisis. Beijing has repeatedly expressed its opposition to the sanctions, insisting it will maintain normal economic and trade relations with Russia, …

Geopolitics continued to impact the economic outlook throughout the previous week. Christine Lagarde emphasized the punitive measures were designed to target the regime, not the Russian people, while new “fiscal remedies are still needed” to stabilize Europe’s economy.Russia’s invasion of Ukraine on 24 February has fundamentally brought about deep economic …

The US dollar climbed against its most major counterparts in the New York session on Friday, as US treasury yields rose amid growing expectations that the Federal Reserve will tighten monetary policy aggressively to curb high inflation.The benchmark yield on the 10-year treasury note spiked up to 2.462 percent. Yields …

US equities were mixed throughout Friday but eventually closed higher for the week after a streak of up and down days on Wall Street as investors digest the path ahead for the US central bank’s interest rate hikes and a host of new sanctions imposed by Western nations against Russia.The …

The Canadian dollar gains against the USD. It was trading 0.4% higher at 1.2477 to the USD, or 80.15 US cents, after touching its strongest intraday level since Jan. 20 at 1.2471. It was the ninth consecutive day of gains for the Canadian currency, which is the longest winning streak …

The US dollar climbed against its most major counterparts in the New York session on Friday, as US treasury yields rose amid growing expectations that the Federal Reserve will tighten monetary policy aggressively to curb high inflation.The benchmark yield on the 10-year treasury note spiked up to 2.462 percent. Yields …

US central bank policymakers have made it clear that they will do what it takes to control inflation. They are betting on a soft landing, but a bumpy one is still a risk.Jerome Powell, the Federal Reserve chair, emphasized this week that the central bank he leads could succeed in …