Tag: Forex
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 […]
The US dollar strengthens early Monday; retail sales and the FOMC’s focus of the week on Wednesday The US dollar rose against its major trading partners early Monday, as markets prepared for a busy week that included the release of May retail sales Wednesday morning and the Federal Open Market Committee announcement Wednesday afternoon. The […]
The US dollar strengthens early Tuesday ahead of trade The US dollar rose against its major trading partners early Tuesday ahead of the release of data on the April international trade gap and weekly Redbook US retail sales, but the focus remains on Friday’s May consumer price report. The Federal Reserve is widely expected to […]
Italy’s yields fall ahead of the ECB meeting, as markets increase their bets on ECB hikes. Benchmark Italian yields fell on Monday following news that the European Central Bank was planning a new bond-buying program to assist vulnerable economies, even as it is expected to discuss potential rate hikes to combat rising inflation later this […]
The US dollar rose across the board on Tuesday as Treasury yields rose and investors’ risk appetite was dampened by concerns about a further acceleration in global inflation. The dollar was bolstered by demand for safe havens. Stocks in the United States fell on Tuesday as investors were alarmed by rising oil prices and hawkish […]
The 10-year yield in the United States has fallen to a three-week low as weak data fans growth fears. US Treasury yields fell on Thursday, with those on benchmark 10-year notes falling to three-week lows, as continued softness in US economic data fueled growth concerns despite the Federal Reserve’s aggressive path of monetary tightening. Yields […]
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 […]
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 […]
As global growth concerns mount, the Canadian dollar falls to a five-month low. On Monday, the Canadian dollar fell to its lowest level in nearly five months against the US dollar, as investors became more concerned about the global economic outlook after China’s two largest cities tightened COVID-19 curbs. Global stock markets extended recent losses, […]
The dollar has surged to a two-year high as a result of growth concerns and rate bets. The dollar soared to a two-year high on Tuesday, while the euro fell to its lowest level since March 2020, as investors worried about the economic impact of China’s COVID-19 lockdowns and rising expectations for a major U.S. […]
