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 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
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
The U.S. dollar traded near its nine-week lows on Thursday. Bold spending plans from the White House, along with a dovish outlook from the U.S. Federal Reserve, bolstered the global reflation trade. President Joe Biden’s
The dollar climbed up on Wednesday, its index trading at 91.004 after plunging to the low of 90.679 on Monday. This is its weakest level since March 3. Traders are waiting to see how the
The U.S. dollar remained near multi-week lows against the major currencies on Tuesday. Declining Treasury yields weighed on the greenback ahead of the Federal Reserve’s policy decision this week. Besides, stocks rallied worldwide during this
The Euro skyrocketed to an eight-week high against the U.S. dollar on Monday. The new German survey was disappointing. However, it was overshadowed by investors’ expectations that the U.S. Federal Reserve will maintain its dovish
The Euro continued rallying on Friday, rushing towards a seven-week high. European Central Bank President Christine Lagarde announced on Thursday that policymakers wouldn’t consider a tapering of bond purchases for the time being. Meanwhile, the
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