Category: Forex news

The Fed signaled its intent to increase interest rates as early as March after its meeting last week. Hence, money markets and central Wall Street banks are now anticipating as many as five rate hikes

The U.S. dollar plummeted on Monday, lowering from a 1-1/2 year high reached on Friday. Over the weekend, hawkish comments by a Federal Reserve official pushed the U.S. yield curve to its flattest levels in

Money markets priced 32 BPS of rate hikes in March and as many as 124 BPS in incremental increases before the end of the year. Even as broader currency markets quietened somewhat behind an eventful

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,

Powered by bets, the U.S. Federal Reserve could deliver more rapid and more significant interest rate hikes in the months ahead. A day behind, the Fed flagged that it was ready to begin lifting rates

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

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

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.