Tag: Currencies

Jun 17
The US Dollar Strengthens Early Friday Ahead of Powell, Industrial Production, and the Holiday Weekend

Early Friday, the US dollar was stronger against its major trading partners ahead of a speech by Federal Reserve Chairman Jerome Powell, the release of May industrial production data, and the start of a three-day weekend. Powell is scheduled to speak at 8:45 a.m. ET at a Fed conference on the role of the US […]

Jun 03
The dollar rose after job growth in the United States exceeded expectations.

The dollar rose after job growth in the United States exceeded expectations. The US dollar edged higher against a basket of currencies on Friday, as a better-than-expected US employment report pointed to a tight labor market, which could lead to interest rate hikes by the Federal Reserve. Nonfarm payrolls increased by 390,000 jobs last month, […]

May 16
The dollar has fallen from two-decade highs, while the yuan has fallen due to weak Chinese data.

The dollar has fallen from two-decade highs, while the yuan has fallen due to weak Chinese data. The U.S. dollar was down slightly on Monday after hitting a 20-year peak last week, with the global economy in focus after the Chinese yuan came under pressure following weak data. Creating a risk-off mood on Monday, China’s […]

May 10
Gold prices rise with the decline of the US dollar

Gold prices rose during trading on Tuesday, with the dollar retreating from its highest levels in two decades, prompting investors to choose bullion priced in the US currency. This comes at a time when investors are waiting for key US data for clues regarding the Federal Reserve’s stance on raising interest rates. Gold prices ended […]

Apr 19
European stocks down, yen hits 20-year low as US hikes loom

European stocks down, yen hits 20-year low as US hikes loom European stocks fell on Tuesday, while 10-year US inflation-linked bond yields were on the verge of turning positive for the first time in two years, as the prospect of aggressive Fed tightening to control inflation kept investors on edge. Investors were also bracing for […]

Apr 12
The Canadian dollar recovers from a four-week low as investors assess US inflation data.

The Canadian dollar recovers from a four-week low as investors assess US inflation data. On Tuesday, the Canadian dollar edged higher against the US dollar, recovering from its lowest level in nearly four weeks, as oil prices rose and US data showed underlying inflation rising less than expected in March. The 12-month increase in core […]

Apr 07
Sterling falls against the euro following the release of ECB minutes.

Sterling falls against the euro following the release of ECB minutes. Sterling fell against a stronger euro on Thursday, as the minutes of the European Central Bank’s March meeting were more hawkish than expected. At their March 10 meeting, ECB policymakers appeared eager to reduce stimulus, arguing that conditions for raising rates had either been […]

Apr 05
Romania’s central bank raises the key interest rate to 3%, predicting higher inflation.

Romania’s central bank raises the key interest rate to 3%, predicting higher inflation. On Tuesday, Romania’s central bank raised its benchmark interest rate by half a percentage point to 3%, predicting that inflation would rise faster than expected due to the conflict in Ukraine, which is putting pressure on food and fuel prices. Inflation is […]

Mar 31
The Toronto index is on track for its best monthly gain in five years.

Toronto index set for best monthly gain in five On Thursday, Canada’s commodity-heavy main stock index set a new high and was on track for its best monthly performance in five years, as gold prices rose, lifting precious metal miners. The S&P/TSX composite index of the Toronto Stock Exchange was up 78.12 points, or 0.35 […]

Mar 17
European Forex news roundup: Dollar weakens, pound rises alongside BOE

European Forex news roundup: Dollar weakens, pound rises alongside BOE The market had some mixed tones in the session as we continue to digest the post-Fed sentiment, while Russia-Ukraine talks are also ongoing. The dollar has yet to really take off, as it has seen a slight retreat across the board, with EUR/USD rising from […]