Forex Market

The U.S. Dollar (USD) declined on Monday despite the rise in Treasury bond yields, amid expectations for economic recovery from the Coronavirus pandemic. Expectations for a surge in inflation due to the easing policies of the Federal Reserve and the expected increased stimulus spending by the Biden administration are contributing …

The U.S. Dollar (USD) declined on Thursday, after rising for two consecutive sessions, on the back of negative economic data. The Dollar Index (DXY), which measures the performance of the greenback against a basket of six major international currencies, is down by 0.42% to 90.57. The index has been moving …

The Turkish central bank kept the main interest rate at 17% as expected, unchanged for the second month in a row after dramatically raising it twice in order to calm inflation, which rose to 15%. Since November, the new central bank governor, Naji Iqbal, has raised the repurchase rate (repo) …

The U.S. Dollar (USD) rose on Tuesday, beginning the week with a positive performance following a long weekend that was prolonged by Presidents Day on Monday. The positive performance by the USD is supported by the strong increase in the U.S. Treasury yields, amid optimism for economic recovery from the …

The British Pound (GBP) extended its gains against the Japanese Yen (JPY) on Monday, amid a strong performance by the Sterling and the JPY seeing decreased demand as a safe haven amid increased risk appetite. The GBP/JPY has scored gains during each of the past four weeks, and today the …

The British Pound (GBP) rose on Monday against the U.S. Dollar (USD) to its highest level in about three years. Gains by the Sterling Pound came amid the decline of the USD, as well as an improved sentiment in the United Kingdom (UK) that the rollout of Coronavirus vaccines will …

The U.S. Dollar (USD) declined on Monday, opening the week with a negative performance amid an improvement in risk appetite that drove investors towards other currencies. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.14% at 90.36. Earlier …

Industrial production in Japan decreased by 1.0% m-o-m in December 2020 compared to preliminary estimates that indicated a decrease of 1.6% and after declining by 0.5% in the previous month. This was the second consecutive decline in Japanese industrial output, as the worsening of the Corona pandemic and slowing vaccination …

The U.S. Dollar (USD) is showing a positive performance on Friday, but remains on track to score weekly losses. This week’s jobs data in the United States showed that the economic recovery from the Coronavirus pandemic is slower than previously expected. The Dollar Index (DXY), which measures the Dollar’s performance …

The Australian Dollar (AUD) is showing a positive performance on Thursday against the U.S. Dollar (USD), supported by the decline of the greenback. Earlier today, the AUD/USD pair rose to its best level in about three weeks. The pair is currently trading higher for the day by 0.43% at 0.7755. …