Forex Market

The U.S. Dollar (USD) declined on Monday against its major rivals, as positive economic data encouraged risk appetite and reduced demand for safe havens. Accordingly, the greenback turned to the negative side in favor of riskier assets. The Dollar Index (DXY), which measures the USD’s performance against a basket of …

Turkey’s annual inflation rose to more than 16% in March for the first time since mid-2019, according to Monday’s data, which means pressure builds on new central bank governor Şahap Kavcıoğlu to maintain a hawkish policy after his surprise appointment. Consumer prices rose 16.19% year-on-year, higher than 16.11% in a …

The dollar index was little changed at 93.1 on Monday, swinging at levels not seen since November 2020 amid prospects for a strong economic recovery in the United States. Last week, the greenback added 0.3%, which is 3 consecutive weekly gains, driven by the selling of bonds, with buying activity …

Strong jobs data and the subsequent decline in unemployment in the United States led to a rise in the U.S. Dollar (USD) and Treasury yields on Friday. The benchmark 10-year U.S. Treasury bond yield rose by about 3.5 basis points to 1.714%, but remained below its highest level in 14 …

The U.S. Dollar (USD) is showing a fluctuating performance on Friday, which is an official holiday for markets in the United States as it coincides with Good Friday. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.09% at …

Turkey’s Auto Distributors Association said sales of passenger cars and light commercial vehicles in the country rose 92.8% year on year in March to 96,428 units. The association added that from January to March, sales increased 59.7% year on year. Errol Shaheen, director at EBS auto marketing consultancy, said the …

The Russian ruble rose to 76 against the dollar in tepid trading on Friday, recovering from its lowest level in a week reached the previous day, after the OPEC+ group, which includes the world’s major oil producers, agreed to ease production cuts. The ruble rose 0.3% against the dollar to …

The Turkish lira rose more than 1% against the dollar on Friday, supported by a drop in US bond yields, a day after the new central bank governor pledged that tight monetary policy would remain as it was. The pound rose to 7.9890 against the dollar, from 8.1 at the …

The U.S. Dollar (USD) declines across the board on Thursday, after data showed a rise in jobless claims in the United States, prompting concerns about the pace of economic recovery from the impacts of the Coronavirus pandemic. The Dollar Index (DXY), which measures the greenback’s performance against a basket of …

The U.S. Dollar (USD) saw a mixed performance on Wednesday, but managed to finish March and the First Quarter (Q1) of the year with large gains. Today, the greenback reached its highest level against the Japanese Yen (JPY) in about a year, supported by improved sentiment about economic recovery, however, …