After Federal Reserve policymakers restated their commitment to raising US interest rates more than markets presently anticipate, the dollar (USD) weakened on Friday but was still on track for its highest weekly gain in a month. It decreased in value vs. the pound (GBP), which increased after a tumultuous day on Thursday in response to […]
Following a brutal drop last week, the US dollar (USD) maintained its steady course on Monday as Federal Reserve Governor Christopher Waller stated that the central bank was continuing to fight inflation. The dollar index fell 3.6% over two sessions last week, its worst two-day percentage fall since March 2009, as a result of somewhat […]
The Federal Reserve’s decision is expected to result in a 75 basis point rate hike, according to the majority of analysts, hence, the GBP/USD remains muted amid a tumultuous trading session. However, the majority of analysts anticipate some clarification from the Fed regarding the future course of interest rates. As a result, the GBP/USD exchange […]
Chairman of the US Federal Reserve Jerome Powell discussed the regulation of the decentralized finance (DeFi) space at a panel discussion on digital finance hosted by the Banque of France on Tuesday. Powell explained: “the monetary policy normalization that we’re seeing all over the world,” adding, “All it did was simply reveal what we’ve long […]
The US dollar (USD) retained a bullish outlook against its currency counterparts on Thursday, as US Federal Reserve officials asserted that the central bank was unwavering in its aim to cut down the overblown inflation with aggressive interest rate policies. Fed officials fought to dispel the narrative that the bank has reached its peak in […]
Despite losing ground following the US Fed interest rate announcement and poor GDP reports, the US dollar regained a bullish countenance on Thursday, pushing close to the 107.00 level. This rebound comes after the greenback fell to the 106.05 mark in the Asian session today, its lowest point since July 5. According to the data […]
The dollar enjoyed some safe-haven demand on Friday as woes over the global economic outlook worsened. The Australian dollar, which is tightly bound to the global economic performance, crashed to a two-year low against the dollar Friday. Over the months, persistent inflation and a frantic reaction by top central banks to stave off a recession […]
The US dollar halted its descent in the Asian session on Thursday as the recently announced Federal Reserve interest rate hike rocked the financial markets. Money markets anticipated the 75 basis points (bps) increase announced yesterday and had already priced in this possibility and several other rate hikes as inflation continues to swell. The greenback […]
Intense volatility was the order of the day in the markets last week, especially in the cryptocurrency market. The equities sector recorded a sharp decline but staged a last-minute rebound. Meanwhile, gold and silver maintained a downward streak amid the intense volatility. In the forex market, the Japanese yen emerged as the best performer last […]
