Tag Archives: us dollar

Treasury Secretary Janet Yellen told bank CEOs that more bank mergers may be necessary, CNN reported. The comments triggered risk aversion and weighed on the US Dollar. “Sources tell CNN that bank mergers were discussed during Yellen’s meeting with bank CEOs”, the network reported. The US Dollar extended losses across …

The dollar approached its highest level in nearly six months against the yen on Friday and pushed the euro to its lowest level in more than seven weeks, as optimism about government debt ceiling talks in Washington fueled expectations that US interest rates would remain high for longer. Democratic negotiators …

The dollar settled near a seven-week high on Thursday after positive indications from US President Joe Biden and Republican House Speaker Kevin McCarthy on debt ceiling talks. On Wednesday, Biden and McCarthy confirmed their intention to reach an agreement soon to raise the government debt ceiling of $ 31.4 trillion, …

The dollar remained close to a peak of more than a week on Friday after a slew of data released overnight indicated a slowdown in the US economy, as investors bet the Federal Reserve would halt interest rate increases. The dollar index, which measures the performance of the US currency …

US Dollar manages to stay resilient against its major rivals on Tuesday. US Dollar Index clings to modest daily gains following Monday’s rebound. April inflation data from the US could trigger the next big reaction in USD.The US Dollar shook off the selling pressure at the beginning of the week …

The dollar rose on Tuesday after a survey showed that credit conditions in the United States were less bleak than expected, while the pound sterling flirted with its highest levels in a year amid expectations that the Bank of England (central) will raise interest rates this week. Currencies were little …

The start of the week on Wall Street was uneven. Participants in the market are analysing the events of the previous week, including central bank meetings and US labour market data. There were no significant shocks in the Federal Reserve bank survey as worries about banking continue to decrease, bolstering …

US Treasury Secretary Janet Yellen is reaching out to business and financial leaders to explain the “catastrophic” impact a US default on its debt would have on the U.S. and global economies.Treasury secretary is having one-on-one conversations with individual CEOs to warn them about the “dangerous consequences of the current …

Following the publication of the US Nonfarm Payrolls data for April, the price of bitcoin corrected in the shape of a sizable bearish engulfing candle on the five-minute price chart. After the jobs news came in hotter than anticipated, the risk asset saw a knee-jerk reaction from market players who …

For the thirteenth week in a row, the US exceeded estimates by 253,000 jobs in April. With an unexpected increase of 0.5%, wage growth revealed a healthy labour market. The market-critical Fed rate hike in June is not likely to occur despite the robust data. March’s reading of 236,000 got …