President Joe Biden has promised to make it “very, very difficult” for Russia’s Vladimir Putin to exert military action in Ukraine as U.S. intelligence officials concluded that Russian planning is undertaken for a potential military offensive that could start as soon as early 2022. The new intelligence finding measures that the Russians are preparing to …
U.S. intelligence discovers Russia planning Ukraine hostile Read More »
The U.S. dollar declined from last week’s highs against riskier currencies on Monday. It seems that trader’s worries about the Omicron variant ebbed. However, an expectation of inflation pushing U.S. interest rates higher kept the dollar steady against the euro. Meanwhile, the growth-sensitive Antipodean currencies soared in Asia after suffering a big drop on Friday. …
The U.S. dollar fell on Monday while the Chinese Yuan firmed Read More »
Oil prices rose by more than US$1 per barrel on Monday to more than US$71. The hope that the Omicron coronavirus variant may cause the mildest symptoms has boosted higher-risk assets. The prospect of an imminent increase in Iranian oil exports looks unlikely. To alleviate Omicron’s concerns, South Africa reported that the cases there had …
Oil price exceeds $71 as Omicron panic slightly eases Read More »
The dollar jumped versus its more risk-sensitive Australian and New Zealand matches on Friday, before crucial U.S. jobs data that could clear the path to earlier Federal Reserve interest rate hikes, even as Omicron difficulties cloud the outlook. Fed officials talking on Thursday joined Chair Jerome Powell in prominent hawkish stances. San Francisco Fed President …
The U.S. dollar rallied on Friday against most major currencies. Investors were waiting for crucial U.S. jobs data that could give the green light to an earlier rate hike by the Federal Reserve. On Thursday, several Fed officials reiterated Chair Jerome Powell’s statements about striking a hawkish stance. Richmond Fed President Thomas Barkin threw his …
U.S. dollar jumped Friday, while Lira continued its downfall Read More »
The dollar traded basically fixed Thursday, with the safe-haven Japanese yen more in demand as concerns over the omicron coronavirus variant mounted, pulling on the South African rand and the Australian dollar. The Dollar Index follows the dollar versus a basket of six other currencies. At 2:50 AM ET (0750 GMT) it trimmed marginally higher …
Oil prices rose on Thursday, with investors adjusting ahead of an OPEC+ decision on supply policy. Still, gains were capped by fears that the Omicron coronavirus variant could hit fuel demand. Brent crude futures added $1.56 or 2.3% to $70.43 a barrel 10:40 GMT. One day earlier, Brent crude futures dropped 0.5%. U.S. West Texas …
Forex market volatility stood near a nine-month high on Thursday as investors weighed the risks posed by ongoing uncertainty about the threat from Omicron and a more hawkish U.S. Federal Reserve. In Asia, the safe-haven Japanese yen declined a little after its recent strong rally. The risk-sensitive Australian dollar also tumbled down toward the almost …
Forex market continues fluctuating. Dollar rose while Yen fell Read More »
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