Heather Erickson

The U.S. dollar consolidated gains today. It was on track for its biggest weekly surge in seven months, thanks to bets of higher interest rates. The latter fuelled the U.S. unit’s gains versus rivals. Currently, money markets are pricing 32 bps of rate hikes in March, along with 124 bps in cumulative increases before the …

Dollar still high while other currencies fluctuated  Read More »

The U.S. dollar skyrocketed to its highest levels since July 2020 against the basket of six major currencies on Thursday. Investors’ bets the U.S. Federal Reserve could deliver faster and larger interest rate hikes in the following months supported the currency. The agency flagged in the previous day that it was ready to start lifting …

U.S. dollar hit its highest level in a year. Why’s that?  Read More »

On Wednesday, the euro tumbled down almost to a 1-month low against the U.S. dollar and the Japanese yen. Concerns about the potential for military conflict in Ukraine weighed on the currency ahead of the Federal Reserve wrapping a meeting. The latter may herald accelerated monetary tightening. Moreover, the Bank of Canada is also going …

Euro plunged to a month-low while Canadian dollar rallied Read More »

The U.S. dollar continued rallying to a two-week high on Tuesday. Tensions between Russia and the West over Ukraine pushed investors towards safe-haven currencies while awaiting the outcome of the U.S. Federal Reserve policy’s meeting. Meanwhile, Russia announced great concern after the U.S. decided to put 8,500 troops on alert for possible deployment to Europe …

Dollar skyrocketed with U.S. mobilizing troops for Ukraine Read More »

The U.S. dollar skyrocketed to a two-week high on Monday against a basket of six rival currencies. The tension between Russia and the West over Ukraine lifted the greenback. This week, the possibility of a more hawkish stance from the Federal Reserve also supported it. Thus far, forex markets were not much concerned about the …

U.S. dollar hit new high due to Ukraine tensions on Monday  Read More »

The U.S. dollar remained on track for its best week in a month against other major currencies on Friday. Considered as the safe haven, the greenback held its ground amid a selloff of riskier assets across forex markets. The dollar index declined by 0.1% on the day against six major peers, trading at 95.691. Still, …

U.S. dollar fell slightly Friday while Swiss Franc rallied Read More »

The U.S. dollar declined on Thursday as U.S. Treasury yields’ rally paused. On the other hand, the Canadian and Australian dollars surged forward, supported by rising commodity prices and optimism about global economic growth. The euro and the British pound also jumped today. Both currencies had suffered their worst days in a month on Tuesday …

Canadian dollar and Aussie rallied today. What about Euro?  Read More »

U.S. Treasury yields jumped on Tuesday, boosting the dollar index to a six-day peak. On the other hand, the Japanese yen plummeted down after the Bank of Japan announced that it would stick to its ultra-loose monetary policy. The U.S. Federal Reserve meeting is due next week. Investors expect the agency to raise rates in …

Japanese Yen tumbled down while U.S. dollar hit a new high Read More »