Heather Erickson

The U.S. dollar surged forward on Tuesday as Federal Reserve Chair Jerome Powell announced the possibility of half-percentage-point interest rate hikes. Meanwhile, the Japanese yen plunged through the psychological 120 level. Japan’s central bank reiterated its support for ultra-loose monetary policy, causing the decrease. The yen tumbled down to a six-year low on Tuesday, shaving …

U.S. rallied while most EM currencies fell Tuesday  Read More »

The U.S. dollar lowered against the major currencies on Monday. Market players await remarks from U.S. Federal Reserve chair Jerome Powell later in the day. Other central bank policymakers will likely give traders some monetary policy clues this week, as well. Forex markets have been turbulent over the past month due to the financial fallout …

U.S. dollar fell Monday while the ruble climbed up Read More »

The Euro declined on Friday. Despite that, the currency was set for its biggest weekly gains in six weeks as investors breathed a sigh of relief after Russia avoided default on dollar-denominated debt. The Forex markets also weighed the broader impact of the start of the U.S. rate hike cycle. The common currency dropped towards …

U.S. dollar and Euro declined Friday. What about the yen? Read More »

The euro continued rallying on Thursday while traders closely watched for developments in talks between Russia and Ukraine. However, the Federal Reserve’s monetary policy decision didn’t affect the market much as the bar for a hawkish surprise was high. The euro climbed up by 0.2% at $1.106 today, after hitting a one-week high of $1.1067 …

Euro continues rising while U.S. dollar and rouble decline  Read More »

The euro surged forward on Wednesday. It was set for its third consecutive day of gains after Russian Foreign Minister Sergei Lavrov announced that peace talks with Ukraine were not easy. However, there was hope for compromise. In a busy day for Forex markets, a stronger common currency and Chinese yuan overshadowed the dollar index. …

Euro and ruble rallied Wednesday while U.S. dollar declined Read More »

On Tuesday, the euro soared due to hopes of progress in peace talks between Ukraine and Russia. On the other hand, the U.S. dollar tumbled down ahead of the Federal Reserve policy meeting. One of  Volodymyr Zelenskiy’s top aides stated that the war could be over by May; it might even end within weeks because …

U.S. dollar and Chinese yuan fell Tuesday while the Euro gained  Read More »

The U.S. dollar tumbled down after European markets opened on Monday. Despite that, it still traded near a five-year high against Japan’s yen. Meanwhile, market players braced for a busy week of major central bank meetings. Uncertainty about the war in Ukraine caused a market sell-off on Friday. However, stock markets rebounded today, and commodity …

U.S. dollar fell. Russia plans to pay its bonds in rubles Read More »

The euro was steady on Friday. The currency remained set for weekly gains. The European Central Bank’s announcement that it would phase out its stimulus supported the common currency. However, soaring stagflation worries arising from the Ukraine war continued to pressure the euro. Meanwhile, the U.S. dollar skyrocketed to a five-year high against the Japanese …

The U.S. dollar rallied against the Yen while Euro steadied Read More »