The U.S. Dollar (USD) declined on Friday, nearing to end the week on a negative note as the United States Congress nears the passing of the $1.9 trillion relief bill, proposed by President Joe Biden. The Dollar Index (DXY), which measures the performance of the greenback against a basket of …
Read More »Turkish Lira Jumped After The Central Bank Chief Ruled Out a Rate Cut
The Turkish lira reached its strongest level since August, Friday, February 5, and strengthened its position as the best performing currency in the world since the beginning of the year, after the central bank governor told Reuters that it was unlikely to cut interest rates for a “long period”. In …
Read More »Dollar Rises Across the Board
The U.S. Dollar (USD) rose on Thursday across the board, following the Bank of England (BoE) first policy meeting of the year, in which it indicated no plans to set negative interest rates during the next six months. The Dollar Index (DXY), which measures the greenback’s performance against a basket …
Read More »UK Final Services PMI Revised up to 39.5 in Jan
The UK services sector activity contracted less-than-expected in January, the final report from IHS Markit confirmed this Wednesday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised higher to 39.5 in January versus 38.8 expected and a 38.8 – last month’s flash reading.
Read More »CAD Scores High Gains as Oil Prices Rise
The Canadian Dollar (CAD) rose on Tuesday against major currencies on Tuesday, supported by the rise of crude oil prices to their highest level in a bout to a year. Today, the CAD topped the G10 currencies performance against the U.S. Dollar (USD). The CAD is up against its U.S. …
Read More »USD Rises Across the Board
The U.S. Dollar (USD) is maintaining its upward trend on Tuesday, after declining earlier in the European session. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.27% at 91.23. The index has been moving today in a range …
Read More »Turkey’s Trade Deficit Fell 32% Y-o-Y in January
Data from the Turkish Ministry of Trade showed that the country’s trade deficit reached $ 3.075 billion in January, down about 32% from the same period a year ago, as exports reached an unprecedented peak in January. Exports rose to $ 15.048 billion in January, up 2.5% from a year …
Read More »USD Nears Highest Level since Early December
The U.S. Dollar (USD) rose on Monday, opening the week with a positive performance, supported by the decline of the Euro (EUR) and the Swiss Franc (CHF). The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.43% at 90.97. …
Read More »Turkish Lira Rose 1.5% to August Levels
The Turkish lira rose 1.5% on Monday, to its highest level since August, while a measure of risk retreated to near its lowest level in a year, supported by a tightening monetary tone from the central bank and data indicating a further recovery in manufacturing industries. The currency has outperformed …
Read More »USD/JPY Retreats but Maintains Gains
The U.S. Dollar (USD) rose on Thursday against the Japanese Yen (JPY), despite declining against other major currencies, amid an improved risk appetite and reduced demand for safe havens. The USD/JPY pair is trading higher for the day by 0.12% at 104.240. Earlier today, the pair traded as high as …
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