Forex Market

The Turkish lira rose more than 1% on Wednesday, March 24, to offset some of the losses it incurred after President Recep Tayyip Erdogan’s surprise decision at the weekend to change the central bank governor to the last opponent of tightening fiscal policy. The lira reached 7.8650 dollars against the …

The Euro (EUR) is showing a negative performance against the U.S. Dollar (USD), as the greenback is rising across the board on the back of higher Treasury bond yields and eased reflation fears. Recent remarks by the U.S. Federal Reserve officials suggested that the Fed will be able to limit …

The British Pound (GBP) declined on Wednesday against the U.S. Dollar (USD), as the later rose across the board on the back of inflation fears easing after recent remarks by Federal Reserve officials. The GBP/USD pair is down for the day by about 0.20% at 1.4125. The pair has been …

The U.S. Dollar (USD) rose on Wednesday against international peers, supported by the dovish tone by Federal Reserve officials, which helped reduce reflation fears among investors. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.39% at 89.99. The …

The U.S. Dollar (USD) declined on Monday, beginning the week with a relatively weak performance, following a rebound by the end of the previous week. An improved investors’ sentiment across global markets on expectations for economic recovery helped riskier assets and currencies rise, which weighed down on the greenback. The …

The Bank of England (BoE) Governor Andrew Bailey is not expecting long-term impacts from thw recent surge in consumer prices. The inflation rate in the United Kingdom (UK) rose last month to 1.5%, compared with 0.7% in March, as the economy recovers from the coronavirus pandemic, and amid rising energy …

The Euro (EUR) declined by 0.38% against the U.S. Dollar (USD) on Friday, as the greenback rebounded from recent losses. For the week, the EUR/USD pair recorded a 0.33% rise. Business activity in the Eurozone expanded during May, growing by the best pace in more than three years, official data …

The U.S. Dollar (USD) is rising on Friday, supported by positive economic data that showed an expansion in the output of the services and industrial sectors, registering fresh daily highs, after hitting its lowest level in roughly four months. However, the greenback is yet to recover all of its weekly …

The U.S. Dollar (USD) returned to the downward trend on Thursday, declining against most major currencies and erasing its short-lived gains following the release of the Federal Reserve April’s meeting minutes yesterday. Markets were relatively taken by surprise when the minutes showed that although members of the Federal Open Market …

The U.S. Dollar (USD) leveled up on Wednesday, to near logging its first daily rise in four sessions, after the release of the Federal Reserve’s April meeting minutes. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.48% at …