Category: Forex news

Key inflation reports should become public in the coming week. Federal Reserve Chairman Jerome Powell will testify Tuesday at his nomination hearing before a Senate panel. In contrast, the hearing on Fed Governor Lael Brainard’s

A climb in U.S. Treasury yields on anticipations for a Fed rate hike this year have supported the dollar, with those foreseeing at most minuscule a 25-basis-point hike at the March conference of the central

The move to the upside is somewhat disjointed in that yields in the US resume to move higher. The stock market has given up gains, particularly in the NASDAQ index, which weakens dramatically. National Australia

The GBP/USD is trading to a renewed session high to test a swing area between 1.3521 and 1.35282. That swing area arrives ahead of the extreme on December’s last trading day at 1.35496. At a

The surge in COVID-19 cases caused by the Omicron variant continued to influence global travel and public services. Hence, investors stayed optimistic that there would be no more lockdowns. On Monday, the U.S. Food and

Risk-sensitive currencies like the Australian dollar were higher as stocks motored upwards. However, the euro tugged the trend and cut 0.2% to $1.1287, while the dollar index added 0.2% to 96.321. Analysts told it was

The Japanese yen plummeted to an almost one-month low against the U.S. dollar on Tuesday. The safe-haven currencies fell out of favor today after Wall Street marked a new rally to a record high. Meanwhile,

The U.S. dollar remained rangebound on Monday. The forex market was subdued due to the holidays. Even the Federal Reserve’s hawkish turn was unable to rally currency. Policymakers recently signaled three quarter-point rate hikes in