Category: Forex news

Tokyo Drives Cash From Japan
Forex news

Tokyo Drives Cash From Japan

Those who have marketed the yen short have reaped succulent profits this year.   It declined to a 24-year low on Wednesday and has yielded some 30% since the start of last year as U.S.

Colombia Fights Poverty With A Wealth Tax
Forex news

Colombia Fights Poverty With A Wealth Tax

In August 2022, Gustavo Petro became Colombian president. “Pacto Histórico” made Gustavo Petro the first Latin American country to have a left-wing president. Petro triumphed with 50.47% of the vote versus the right-wing millionaire Rodolfo

Dollar Drops Before Payrolls
Forex news

Dollar Drops Before Payrolls

The Dollar Index (DXY) follows the dollar versus a basket of six other currencies. At 03:10 ET (07:10 GMT), it traded 0.2% weaker to 109.438 behind. It rose to 109.602 overnight, the highest level in

ECB predictions push euro higher
Forex news

ECB predictions push euro higher

The European common currency attained 0.32% higher at $1.00295, buoyed by the rate stakes and extending the previous day’s rally, albeit from about 20-year lows. The probabilities of a 75 basis point move have increased

The Dollar Rises Before Powell’s Speech
Forex news

The Dollar Rises Before Powell’s Speech

The Dollar Index (DXY) follows the dollar versus a basket of six other currencies. It rose 0.2% to 108.623 at 03:10 ET (07:10 GMT), just under its highest level in two decades, on track for

Rouble Drops Under 61 Vs. USD
Forex news

Rouble Drops Under 61 Vs. USD

The rouble stood 1.5% more vulnerable versus the USD at 61.49 at 1029 GMT. It left the limited range between 59.45 and 61.45, where it had finished nine trading sessions in a row. Rouble dropped

Dollar Drops Before The U.S. Inflation Data
Forex news

Dollar Drops Before The U.S. Inflation Data

The figures are expected around 1230 GMT. Headline inflation should run at a high of 8.7%. It retreated from June’s 9.1%. Moreover, core inflation should be at 0.5% monthly. Some insignificant changes were noticed in

Yen ready for the biggest weekly gain
Forex news

Yen ready for the biggest weekly gain

Futures markets predict that U.S. interest rates will peak by December this year compared with June 2023 at the start of July, and the Federal Reserve will cut interest rates by 50 bps next year

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