Tag Archives: Forex

The dollar consolidated its gains on Friday and is heading for the largest weekly increase in seven months, as the greenback’s gains against other major currencies are supported by expectations of an interest rate hike. With financial markets factoring in an expected 30 basis point interest rate hike in March …

The dollar jumped to a multi-week high against major currencies on Thursday, supported by expectations of bigger and faster interest rate hikes in the coming months. During the trading session in London, the dollar index consolidated at its highest level since mid-December, while the euro stumbled around a two-month low …

The US dollar rebounded today, Tuesday, to record a strong rise against other currencies, coinciding with several factors that affected its performance, on top of which are the current geopolitical tensions and the markets’ anticipation of critical economic data. As Russia builds up its troops and soldiers at the Ukrainian …

The dollar is set for its best weekly performance in a month against other major currencies on Friday, as the global reserve currency maintained its strength amid a sell-off of riskier assets in the markets. Investor sentiment has been affected in recent days by weak economic data, spreading inflation and …

The dollar fell on Thursday as the rally in US Treasury yields stalled this week, while commodity-linked currencies such as the Canadian and Australian dollars rose amid rising commodity prices and optimism about global economic growth. The euro and sterling rose gradually to catch a breath after they suffered the …

The US dollar fell somewhat on Monday as traders believed the US Federal Reserve’s rate hike steps had already been absorbed while the euro retreated from Friday’s two-month high. The Chinese central bank’s sudden cut in key lending rates has highlighted the bank as a tweeter out of the fray …

The US dollar fell on Friday for the fourth session in a row, hitting its lowest level in more than two months, as investors took the view that most of the recent tightening tendency from the US central bank was already factored in. On Friday, the dollar index fell 0.2 …

The US dollar index settled near its lowest level in two months during Thursday’s trading, after inflation data revealed that it had recorded its highest level in nearly forty years. The US consumer price index rose 7% year-on-year in December, the fastest pace since 1982. However, US President Joe Biden …

The price of the dollar settled near its lowest level in two months against the major currencies on Wednesday, ahead of the release of data that is expected to show a new rise in the US inflation rate, which supports the prospects of rising interest rates early. Federal Reserve Chairman …

The dollar fell on Tuesday but remained within its recent swing range as investors awaited a speech by US Federal Reserve Chairman Jerome Powell at a session of Congress later on Tuesday. European shares rose in early trading after a rebound in late trading in the US stock market, while …