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 […]
Sterling fell to a new three-week low against the US dollar yesterday as investors maintained a risk-averse appetite amid the growing tensions in Ukraine and anticipation of a US Federal Reserve rate hike. The British pound, considered to be a risked currency, suffered most of its weakness from the global standoff over a possible invasion […]
Risk-averse Japanese yen and US dollar climbed higher on Tuesday as other risk-sensitive currencies as the New Zealand dollar fell alongside the euro, amid growing concerns over a potential Russian invasion of Ukraine and a hastened policy tightening by the Federal Reserve. The Australian dollar climbed briefly following a strong consumer price data release, which […]
The US dollar currently struggles to backtrack from what could be its highest weekly fall in over a year on Friday, as investors pulled away from the greenback as they believe that the possible rate hikes this year have been fully priced in. The dollar fell against most of its competitors following a data release […]
The US dollar index (DXY) maintained a sideways bias in the early trading session on Tuesday as traders remained on the sidelines ahead of incumbent Fed Chair Jerome Powell’s nomination hearing later today, for clues on possible price breakouts. In his released opening remarks published yesterday, Powell would pledge to curtail excessive inflation from “becoming […]
