Penny Collins

 The safe-haven currencies rallied on Monday as investors favored them over riskier ones. Market players feared that the governments might impose further curbs in Europe to hinder the spread of the Omicron coronavirus variant. Furthermore, the U.S. Federal Reserve’s hawkish stance supported the greenback.  After observing last week’s slew of major central bank meetings, traders …

Safe-haven currencies soared on Monday due to Omicron fears Read More »

On Thursday morning in Asia, the dollar was down, with the U.S. Federal Reserve compressing its monetary policy in a hawkish pivot. The U.S. Dollar Index follows the dollar against a basket of other currencies that bounded down 0.13% to 96.360 by 10:39 PM ET (3:39 AM GMT). The USD/JPY pair crept up 0.09% to …

Dollar Investors Contemplate Fed’s Decision Read More »

The U.S. dollar traded under pressure on Friday. The European Central Bank and the Bank of England adopted more hawkish stances than forex markets had expected, boosting the euro and sterling. However, concerns about the Omicron coronavirus variant soured sentiment, pushing the risk-sensitive Australian dollar in the red and bolstering the safe-haven Japanese yen. The …

U.S. dollar declined as the Fed adopted a hawkish stance Read More »

The Euro and British Pound rallied on Thursday. Investors are waiting for the ECB and Bank of England monetary policy meetings. Meanwhile, the U.S. Federal Reserve has already unveiled its tightening plans. Traders will know the outcome of the European Central Bank meeting at 1245 GMT and the Bank of England’s at 1200 GMT.  On …

Euro and Sterling rallied Thursday while dollar backpedaled  Read More »

The U.S. dollar was steady on Wednesday while traders waited to see if the U.S. Federal Reserve would meet market expectations for rate hikes in 2022. The agency’s policy statement and economic projections will come later today.  Investors have been betting for the Fed to end its bond-buying around March. Afterward, the agency will likely …

The dollar firmed, while Lira and EM currencies declined  Read More »

On Wednesday, the dollar held strong as investors paused to see if the U.S. Federal Reserve would strengthen market expectations for rate hikes next year. The Fed’s policy announcement and economic projections will arrive at 1900 GMT. Markets have been pricing for the Fed to complete its bond-buying around March and then move with one …

The Dollar Even awaiting for Fed Read More »