The U.S. dollar was under modest pressure on Friday as traders awaited a key U.S. jobs report. The data could cement expectations of a strong economic recovery. The dollar’s index traded at 90.868, near its lowest level against six other major currencies. It lost approximately 0.4% overnight. While the greenback was softer against most currencies, …
U.S. dollar struggled Friday while Canadian dollar rallied Read More »
The Canadian dollar traded near three-year highs on Thursday, boosted by oil price gains and the Bank of Canada’s shift to more hawkish guidance. The Norwegian crown also strengthened slightly, climbing up by 0.2% against the euro. The pair traded at 10.0125. Analysts expect the Norges Bank to leave rates unchanged. Meanwhile, the U.S. dollar …
Canadian Dollar Hit Three-Year High Thursday. Why’s That? Read More »
The forex pairs declined significantly during the last few days. Analysts think that positive sentiment about the global economic recovery is partially causing that. However, the main reason for the decrease is the possibility of removing banking sanctions, along with unfreezing billions in forex assets in foreign banks. According to Abdolnasser Hemmati, the Central Bank …
What Caused a Decline in Forex Rates During the Last Week? Read More »
The U.S. dollar continued rising on Tuesday, partially regaining a month-long loss as risk appetite faded with traders awaiting policy speeches and upcoming data for clues. Meanwhile, bond yields firmed slightly, giving an additional boost to the safe-haven greenback in London trading. Scotiabank strategists noted that the U.S. currency is generally trading firmer. On Monday, …
U.S. dollar soared on Tuesday after extended downside Read More »
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