Heather Erickson

Dollar recovered from its recent fall. What about Sterling? 

Dollar recovered from its recent fall. What about Sterling? 

The U.S. dollar rebounded on Thursday after lowering in the previous session. However, it still remained below the 20-year highs reached last week, a day after the Federal Reserve confirmed that it would take aggressive steps to fight soaring inflation. The agency played down the prospect of even larger rate hikes for now. The dollar …

Dollar recovered from its recent fall. What about Sterling?  Read More »

Euro is in the red again, along with Yuan. Will it manage to rally? 

Euro is in the red again, along with Yuan. Will it manage to rally? 

The euro remained close to a five-year low versus the U.S. dollar on Tuesday. Investors expect the Federal Reserve to hike rates this week. They are also waiting for European Central Bank President Christine Lagarde to give some hints on her monetary policy plans. Thus far, the Fed has taken an increasingly aggressive approach to …

Euro is in the red again, along with Yuan. Will it manage to rally?  Read More »

USD remains near a 20-year high. Euro is encased in turmoil

USD remains near a 20-year high. Euro is encased in turmoil

The U.S. dollar rebounded towards a 20-year high on Monday. Meanwhile, the euro continued struggling around the $1.05 point. Traders are preparing for a busy week of central bank meetings, including a possible Federal Reserve interest rate hike. The common currency came under pressure after a survey showed that eurozone manufacturing output growth stopped last …

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Dollar falls from its 20-year highs. How is Euro faring? 

Dollar falls from its 20-year highs. How is Euro faring? 

The U.S. dollar fell from its recent 20-year high on Friday. Despite that, it remained on track for its best month since 2015. A combination of expectations for U.S. rate increases and growth concerns in China and Europe boosted the currency. Major currency pairs declined slightly from their recent trajectories on the final trading day …

Dollar falls from its 20-year highs. How is Euro faring?  Read More »

Euro hit its lowest level in five years. What about USD? 

Euro hit its lowest level in five years. What about USD? 

The euro plunged below $1.06 for the first time in five years versus a rallying U.S. dollar on Wednesday. Rising concerns around energy safety, along with the growth slowdown in China and Europe, prompted investors to move on to the safe-haven currencies. As a result, the common currency dropped to a five-year low of $1.05890. …

Euro hit its lowest level in five years. What about USD?  Read More »

U.S. dollar skyrocketed, leaving its rivals in the dust

U.S. dollar skyrocketed, leaving its rivals in the dust

The U.S. dollar surged forward to trade at a two-year high against the euro on Tuesday. It also hit an 18-month high versus the British Pound. Concerns about the economic impact of China’s coronavirus lockdowns, as well as an aggressive pace of U.S. rate hikes, sent traders scrambling for safety, causing the dollar’s rally. Despite …

U.S. dollar skyrocketed, leaving its rivals in the dust Read More »

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