The value of Gold (XAU/USD) undulates near three months’ high briefly visited in past days, rounding up at $1,860 during Asian tranquil session today. This metal experienced most movements ever since last year’s October. On Friday after withdraw the likelihood Fed’s 0.50 percent rate increase, supported by lenient USA’s data, combined with a vast spread […]
The British pound traded on a bullish sentiment on Friday following a better-than-expected GDP data release. On the other hand, the US dollar lost some gains from the post-CPI positive sentiment, albeit only mildly. Last week, the Japanese yen, followed by the euro and dollar, had the worst trading session among the top eight currencies. […]
The US dollar continued to show weakness in the European session on Thursday, as the euro extended its gains against the safe-haven currency amid a hawkish change in outlook by the European Central Bank (ECB) last week and the release of the US Consumer Price Index (CPI) later today. The CPI data release is expected […]
USD/JPY is unstable on its quest of refreshing an in-day dip around 115.15 as Tokyo opens for Today. While doing this, USD/JPY breaks last the upward trend as it was regressing from one-week height briefly visited on Friday. While tracking the main promoter, a regression in the US Treasury yields combined with the increasing Covid […]
The US dollar managed to muster a mild rally on Friday from a two-week low of 95.13, following better-than-expected job reports. The goodish data increases the US Federal Reserve’s chances of implementing a rate hike in its policy meeting in March. The dollar index (DXY), which tracks the strength of the Sialkot against six top […]
Korean won (KRW) fell against the USD last month, as explained by an analyst at MUFG. They forecasted that the pair will experience a downward trend for the remaining of this year and that it will be at 1150.0 by the third quarter, and that its value will be at 1145.0 by the end of […]
The Australian dollar recorded a weak trading session on Tuesday as it dropped against most top currencies following a cautious stance by the Reserve Bank of Australia (RBA) over raising interest rates. However, the single currency did not suffer significant losses thanks to the improving sentiment in the financial markets, following a healthy rebound in […]
The US Fed adopted a more hawkish stance during its recently-concluded FOMC meeting, as markets begin pricing in a possible four or five rate hikes in 2022. The US dollar received a massive boost from the event allowing it to gain significantly against other top currencies. That said, reactions in the stock markets were surprisingly […]
The US dollar gained against a basket of other top currencies on Thursday, following hawkish comments and plans by US Fed Chair Jerome Powell in the recently-concluded FOMC meeting. The greenback tapped a two-month high of 1.1193 per euro and held at the 115.06 top against the yen, this morning. The USD also hit its […]
