The USD/TRY walks on water near 16.48, after renewing the annual high of $16.49 during the early hours of today. As a result, the TRY shows indecisiveness in the market with key data still ahead. These key data are the US Nonfarm payroll and the Turkish inflation data. The USD/TRY recent inaction can be related […]
AUD/USD is moving powerfully towards the weekly price level of 0.7127. This is because of the correction of risk-on stimuli, and the USD is losing its hold once more. AUD/USD regained all its in-day losses, and its expected to record more gains in today’s trading sessions. The strengthening of the Australian dollar started after the […]
USD/CNH price action was still near the 6.7400 price level, as PBOC stayed its interest rate at 3.7 percent. The pair price action is becoming more active, and this is because the dollar Index is currently above 103.00. Recently, the dollar Index dipped to 102.66, which: had a significant effect on the USD. The annual […]
USD/CNH falls from its 2-year high, squeezed near the in-day low of about 6.8080, as the strengthening of the USD dollar profits, combines with the optimism of covid recuperation in China during the Asian trading period on Friday. The plan of achieving no-covid in Shanghai at the community level by noon, supported by remarks backing […]
The US Dollar recorded a notable comeback last week after speculation of a more aggressive Fed tightening policy by market participants intensified on the heels of hawkish statements from Fed policymakers. Reports show that the currencies market is pricing in a 70% chance of the Fed interest rate jumping to 1.50 – 1.75% by the […]
