The US dollar received a boost after the Federal Reserve released the minutes from its January 31–February 1 meeting. During the meeting, the central bank raised its benchmark rate by 25 basis points to 4.50–4.75% in an effort to bring inflation back to the bank’s 2% target. The minutes showed that the central bank will […]
INTRODUCTIONIt’s one of those questions some people wonder… but everyone’s too afraid to ask. (Like your neighbor’s name after saying good morning for the past six months.) Especially given the Federal Reserve’s seeming omnipresence, importance, and prestige in the American economy. To call it into question the Fed’s relevancy in the financial media is equivalent […]
On Friday, the EUR/USD currency pair experienced a two-day reversal last week, moving closer to 1.0850. This was primarily due to a negative shift in risk sentiment and expectations of profit-taking before the weekend. Support for the US Dollar was strengthened by positive US macroeconomic data released on Thursday. The US Commerce Department reported an […]
As the week draws to a close, the value of the dollar has risen against the euro and sterling, due in part to investors’ focus on the upcoming central bank meetings. The Federal Reserve, European Central Bank, and Bank of England will all be making rate decisions next week as they navigate the current economic […]
As the US dollar remains under pressure globally, the Australian dollar is heading toward the five-month high reached last week at 0.7063. Recent remarks from Federal Reserve officials indicate that they currently believe increases of 25 basis points (bp) will be the proper rate of tightening at the Federal Open Market Committee’s (FOMC) next meetings. […]
On Friday, the dollar surged against the yen, on pace for its biggest daily gain in around two weeks, as the governor of the Bank of Japan (BoJ) said that the central bank will retain its ultra-loose monetary policy despite rumors that a change is on the horizon. BOJ Governor Haruhiko Kuroda said the central […]
Tuesday’s tumultuous trading saw the dollar decline versus the majority of the world’s currencies due to predictions of a potential Bank of Japan policy change that might terminate the central bank’s so-called “yield curve management” and pave the way for a tighter monetary policy. Over the past few weeks, expectations have caused the yen to […]
Last week, the Australian Dollar (AUD) surged higher as the US dollar buckled beneath the weight of the market’s expectations for a less aggressive Federal Reserve. The likelihood of China coming back online to assist the global economy caused risk asset sentiment to soar. Industrial metal prices increased, supporting the Australian dollar even more. Strong […]
On Thursday, the EUR/USD currency pair saw an acceleration in its upside, reaching levels last seen in late April 2022, above the 1.0830 mark. This increase is due to a combination of factors, including increased selling pressure on the dollar, which was particularly exacerbated following the release of US inflation figures for December. The US […]
