After a week of anxious waiting, the markets received the high US inflation number they had been dreading, then shrugged it off and moved on, leaving the USD under pressure and most of the major currencies stuck in tight ranges. In early trading in the Asian session, the dollar incurred …
Read More »Currencies Overview: The Dollar Clings to Its Recent Gains Before Inflation And ECB Meeting
The dollar clung to its recent gains on Wednesday, June 9, as traders awaited US inflation data and the European Central Bank meeting to gauge the pace of global recovery and learn what policy makers are thinking about reducing stimulus programs. The meeting is scheduled to be held, and inflation …
Read More »Currency Market Volatility Fell to Pre-Pandemic Lows And Traders Waiting For New Signals
Currency market volatility fell on Tuesday, June 8 to its lowest level since before the outbreak of the Corona pandemic, causing turmoil in the markets in March 2020, as investors refrained from forming positions, waiting for clearer signals about the path of inflation and the reactions of central banks. Currencies …
Read More »Dollar Struggles to Gain Traction as Markets Await Inflation Data
The dollar stabilized on Monday after losses suffered on Friday following the release of US jobs data that came in below expectations, while currency markets, in general, lacked momentum as investors awaited important inflation data this week. The jobs data was seen as a relief to the markets as it …
Read More »The Dollar Rises Before The Release of US Data
The dollar rose today as traders awaited a batch of US economic data that may determine the direction at the central bank meetings later this month. Investors are betting that the dollar will fall as the world recovers from the Covid-19 pandemic, but they have recently become concerned about whether …
Read More »The Dollar Catches a Breath After The Growth of US Industrial Production
The dollar clung to its slight gains during Wednesday, June 2, rising from its lowest levels in nearly five months against other major currencies, as the improvement in industrial production in the United States led to continued speculation that the Federal Reserve would return to adopting usual policies quickly. The …
Read More »Dollar Falls And Yuan Stabilizes After The People’s Bank of China Intervened to Curb Gains
The dollar hovered near a five-month low on Tuesday, June 1 as investors awaited eurozone inflation data and the US manufacturing sector survey, while the yuan stabilized after China’s central bank adopted steps to stem its rally. The dollar index returned to decline from the level of 90 in European …
Read More »The dollar is About to Lose For The Second Month Against The Euro And Sterling
The US dollar came under pressure on Monday, heading for losses against the euro and the British pound for the second consecutive month, as traders assess the consequences of higher inflation ahead of monthly jobs data later in the week. The dollar index fell 0.03% to 90.058. On Friday, data …
Read More »The US Dollar Strengthening as Traders Await Indicators From The United States
The US dollar received support Thursday, May 27th from a belief that the US Federal Reserve is slowly but steadily moving toward a discussion of monetary tightening, while the yuan hit its highest level in three years. Investors are sharply reducing their purchases of dollars, as they expect the trade …
Read More »The US Dollar Settled And The New Zealand Dollar Maintains Its Gains After Surprising Expectations of a Rate Hike
The US dollar stabilized near its lowest level in five months in early trade in London on Wednesday, while the New Zealand dollar rose by more than 1% in light of the country’s central bank hinting at the possibility of a rate hike in September 2022. The dollar index recorded …
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