Heather Erickson

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 »

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 »

The U.S. dollar climbed up on Thursday. Traders’ expectations for aggressive Federal Reserve monetary tightening supported it. However, the greenback was well off the previous day’s highs due to concerns about what G7 might say about its rapid appreciation. The dollar soared by 0.34% to 128.305 yen after hitting a two-decade high of 129.430 on …

Japanese Yen is still in the spotlight. Should you buy it? Read More »

The Japanese yen briefly dropped to a fresh two-decade low on Wednesday. The Bank of Japan stepped into the market once again to defend its ultra-low interest-rate policy. The latter is in sharp contrast with the United States, where bond yields reached new highs. Despite a short decline, the Japanese unit bounced in London trading. …

Japanese Yen recovered from its deep plunge. How is USD? Read More »

The U.S. dollar rallied on Tuesday to a fresh 20-year high versus the Japanese yen. It also tested a two-year peak against the euro, bolstered by high U.S. Treasury yields. Currently, ten-year U.S. inflation-linked bond yields are staying within touching distance of turning positive for the first time in two years. The dollar index surged …

Japanese Yen plummets with comet’s speed. What about USD?  Read More »

The Japanese yen had a brief reprieve after plunging to two-decade lows due to the Japanese policymaker’s comments on Monday. However, holidays confined the U.S. dollar to narrow ranges against most other major currencies. The yen tumbled down to a two-decade low of 126.795 in early Asian trading. Both Finance Minister Shunichi Suzuki and Bank …

Japanese Yen hit two-decade lows. Will it recover soon?  Read More »

The U.S. dollar skyrocketed to a two-decade high against the Japanese yen on Friday. It also kept close to a two-year peak to the euro. More hawkish comments from Federal Reserve officials reinforced traders’ expectations for faster U.S. policy tightening, boosting the currency. As a result, the dollar exchanged hands higher by 0.43% at 126.40 …

U.S. dollar hit new highs. Why is the currency rallying?  Read More »

The euro plummeted on Thursday after the European Central Bank reiterated its plans to unwind stimulus slowly. It kept its policy stance broadly unchanged at its meeting. The common currency turned negative, dropping by 0.1% to $1.08820 after the ECB confirmed its plans to cut bond purchases this quarter. The latter are commonly known as …

Euro struggles while USD rallies. How is rouble faring?  Read More »