The U.S. dollar is having a tough time of it lately, folks. In choppy trading on Tuesday, the currency tumbled to a two-month low, driven by weak economic data and investor concerns that the Federal Reserve is done with its tightening cycle. And as other central banks around the world continue to raise interest rates […]
The US dollar is like a rollercoaster these days, going up one minute and down the next. This week, it’s been tumbling down like a wild ride, slipping by about 0.8% to settle just below the 104.00 level on Friday. And, as always, there are some culprits behind this drop in value. The steep decline […]
The Australian dollar (AUD) has been in the news lately as investors watch for signs of movement in the Chinese economy. You see, China is a big importer of Australian commodities, which makes the AUD particularly sensitive to economic data coming out of the country. Earlier today, the AUD was looking to the economic calendar […]
The dollar stumbled on Monday as investors nervously awaited the Federal Reserve’s next move on interest rates amidst the recent collapse of Silicon Valley Bank. President Joe Biden tried to ease concerns by assuring Americans that their deposits in Silicon Valley Bank and Signature Bank were safe after the government’s swift response. But it looks […]
The dollar is feeling pretty confident these days, thanks to the reassurance of Federal Reserve Chairman Jerome Powell. In his recent testimony before a panel of Congressional lawmakers, Powell pledged to keep the economy strong and tackle inflation head-on. And investors are loving it. Powell made it clear that the Fed is committed to its […]
Investors are gearing up for a busy week ahead with the focus primarily on the US labor market and Fed Chair Powell. The global financial markets are hoping for a 25-basis point rate hike in March while the hawks are pushing for a 50-basis point move. Market Outlook for the Dollar ets are hoping for […]
The USD/JPY exchange rate has been on a rollercoaster ride since early 2021, with bulls taking the lead in recent weeks. The pair hit a high of 150.00 last year, the best level since 1990, before undergoing a massive downward correction that brought it below 130.00 in mid-January 2023. However, the U.S. dollar has since […]
The Iranian rial has hit rock bottom against the almighty US dollar! Yes, you heard it right. The currency has been on a steady decline, and now it has reached a new low on the unofficial market. What’s causing this downward spiral, you ask? Well, it’s a combination of factors, including Iran’s increasing isolation over […]
Hold on to your sushi, folks, because the USD/JPY market just got a little spicier! The Japanese Yen has weakened slightly against the US dollar as Kazuo Ueda, the incoming governor of the Bank of Japan, hinted at a continuity of monetary policy. Investors around the world are anxiously awaiting Ueda’s official confirmation from Japan’s […]
