As a result of U.S. data showing a robust labor market that could sustain the Federal Reserve’s hawkish stance for longer, the U.S. dollar (USD) increased against the majority of its major rivals on Thursday. While the economy recovered more quickly than anticipated in the third quarter, the number of Americans submitting new claims for […]
The British pound (GBP) is expected to conclude the week under significant pressure against the US dollar (USD) after weak economic statistics on Friday stoked concerns about a possible national economic recession. Base rates reached peaks not seen since 2008 (3.5%) on Thursday as a result of the Bank of England’s (BoE) 0.5% percentage point […]
After falling the previous night on lower-than-expected inflation statistics, the dollar (USD) was trading around its worst levels in months against the euro (EUR) and the pound (GBP) on Wednesday. This reinforced speculation that the US Fed will announce a slower rate hike path. The US apex bank is largely expected to raise interest rates […]
Ahead of an important week of central bank meetings and data, the euro (EUR) grew weaker on Monday as the US dollar (USD) saw some bullish momentum. Central Bank Data From the US, Europe, and Britain to Determine Market Dynamics Leading the pack are the Federal Reserve, the European Central Bank (ECB), and the Bank […]
As worries over the state of the American economy returned on Friday, the dollar (USD) dipped against a basket of foreign currencies ahead of a Federal Reserve meeting on interest rates next week. Investors are anticipating rate decisions from the Fed, the European Central Bank (ECB), and the Bank of England (BoE) next week after […]
Tuesday saw a little decline in the US dollar index (DXY), but it continued to trade close to levels reached earlier this week as a result of positive US services data that raised expectations for higher interest rates than had previously been anticipated. Meanwhile, following the Reserve Bank of Australia’s (RBA) eighth-time increase in as […]
On Friday, the Australian dollar (AUD) and New Zealand dollar (NZD) maintained significant weekly gains as the sharp decline in Treasury rates hurt their American counterparts and indications of a loosening of China’s zero COVID policy raised risk sentiment. AUD and NZD Tap Monthly Peak Against Weakening USD The Australian dollar, which yesterday hit a […]
This morning, the USD/JPY pair ended its week-long descent after bouncing off support near the 138.50 level. The pair has gained about 120 pips, wiping off the losses from yesterday. As markets processed the release of the bearishly skewed FOMC minutes, yesterday’s decline got tantalizingly close to its most recent low print around 137.60. Tokyo’s […]
The US dollar (USD) continued its decline on Thursday following the release of the Federal Reserve’s November meeting minutes, bolstering the idea that the bank would shift gears and hike rates gradually starting at its December meeting. A 50 basis point rate increase is expected to occur next month after four consecutive 75 basis point […]
