Tag Archives: Forex

The dollar moved further away from its highest level in 20 years on Wednesday before the Federal Reserve meeting. The US central bank is expected to raise interest rates by another 75 basis points to rein in spiralling inflation. However, trading in the currency markets was limited as traders awaited …

European shares rose on Wednesday, thanks to strong results from Britain’s Reckitt Benckiser and Russia-exposed bank UniCredit, while a decline in luxury goods LVMH shares limited gains. The pan-European Stoxx 600 index rose 0.2 percent. Still, investors are cautious amid concerns over energy supplies in Europe, with the US Federal …

Japan’s Nikkei index reversed course to close higher on Wednesday, supported by gains in chip-related stocks. At the same time, investors remained cautious ahead of the US Federal Reserve’s interest rate decision due later on Wednesday. The Nikkei rose 0.22 percent to 27,715.75 points, and the broader Topix index rose …

Despite the markets absorbing the US interest rate hike this week, increasing uncertainty about its future path kept the dollar price below its recently reached 20-year high on Tuesday. In contrast, the recent Russian gas supply cuts kept the euro under great pressure. Later on Tuesday, the Federal Reserve begins …

The US dollar fell against a basket of major currencies on Monday as investors weighed the effects of an increase in interest rates from the Federal Reserve on an economy that may be on the brink of recession. The US central bank is expected to raise interest rates by 75 …

The dollar fell and the major rival currencies posted gains on Monday as risk appetite returned to the currency markets, while investors assessed the potential impact of an expected hike in US interest rates this week. The Federal Reserve indicated a 75 basis point rate hike at its meetings on …

European shares fell Monday, July 25, as investors assessed a raft of corporate earnings amid growth concerns, with focus on the US Federal Council meeting later this week. The pan-European Stoxx 600 index fell 0.2% by 07:11 GMT, amid widespread losses led by oil producers, as crude prices fell. Dutch …

The Japanese Nikkei index rose to its highest level in more than 6 weeks at the close on Friday, July 22, supported by gains in growth-related stocks that followed the path of gains on Wall Street in the evening, and the shares of shipping companies, which rose after recording strong …

Italy’s stock index fell nearly 2% on Thursday as the government collapsed, putting pressure on broader European shares, despite some relief from the resumption of Russian gas imports. The Italian presidency said in a statement that Prime Minister Mario Draghi submitted his resignation on Thursday to President Sergio Mattarella, who …

European shares hovered near six-week highs on Wednesday, July 20, as concerns over energy supplies eased after a report that Russian gas supplies would resume on schedule, while markets focused on Italian Prime Minister Mario Draghi’s speech to parliament amid a political crisis. The pan-European Stoxx 600 index rose 0.4% …