Forex Market

euro and dollar

U.S. dollar was firm while Sterling and Yuan fell on Friday 

The U.S. dollar remained firm on Friday. Investors contemplated whether U.S. inflation figures could settle the course of interest rate rises in 2022. In Asia, the Chinese yuan rebounded after tumbling down due to the change of official policy. The euro plunged by 0.4% on Thursday, but it steadied in Asia at $1.1297 afterward. The …

U.S. dollar was firm while Sterling and Yuan fell on Friday  Read More »

U.S. dollar and Save-haven shelter

Riskier currencies rallied Thursday while dollar struggled 

This week, riskier assets and currencies such as the Australian dollar traded in the red. However, the rally petered out today. The U.S. dollar struggled to recover its losses as traders waited for a key Federal Reserve policy meeting due next week.  Meanwhile, the Australian dollar was relatively steady at $0.7171. It declined slightly from …

Riskier currencies rallied Thursday while dollar struggled  Read More »

Aussie and Canadian dollar hit high while Sterling firmed  

Aussie and Canadian dollar hit high while Sterling firmed  

The Australian dollar skyrocketed to its highest level in a week on Wednesday. Traders moved on riskier currencies due to the signs that Omicron may be less severe than other coronavirus variants. It may be more vulnerable to existing vaccines than the scientists thought initially. The Aussie soared to $0.7124, reaching that level for the …

Aussie and Canadian dollar hit high while Sterling firmed   Read More »

Rouble fell as Biden warned Russia from invading Ukraine  

The U.S. dollar index remained firm on Tuesday. On the other hand, riskier currencies managed to soar, as investors bet that the Omicron variant of coronavirus would not be as severe as they expected previously. Asian stocks rebounded overnight, and oil prices jumped higher as risk appetite improved on the markets after reports in South …

Rouble fell as Biden warned Russia from invading Ukraine   Read More »

AUSTRALIAN DOLLAR REMAINS STABLE

Commodity currencies supported by mild Omicron hopes

The dollar index was flat, and riskier currencies pulled up on Tuesday, as traders speculate that the Omicron variant of coronavirus would not be as severe as beforehand expected. Asian shares staged an improvement overnight. Oil prices advanced as risk appetite extended following reports in South Africa earlier in the week declaring that Omicron cases …

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The U.S. dollar fell on Monday while the Chinese Yuan firmed

The U.S. dollar fell on Monday while the Chinese Yuan firmed

 The U.S. dollar declined from last week’s highs against riskier currencies on Monday. It seems that trader’s worries about the Omicron variant ebbed. However, an expectation of inflation pushing U.S. interest rates higher kept the dollar steady against the euro.  Meanwhile, the growth-sensitive Antipodean currencies soared in Asia after suffering a big drop on Friday. …

The U.S. dollar fell on Monday while the Chinese Yuan firmed Read More »

dollar and euro

Dollar increases as Fed hawks circle

The dollar jumped versus its more risk-sensitive Australian and New Zealand matches on Friday, before crucial U.S. jobs data that could clear the path to earlier Federal Reserve interest rate hikes, even as Omicron difficulties cloud the outlook. Fed officials talking on Thursday joined Chair Jerome Powell in prominent hawkish stances. San Francisco Fed President …

Dollar increases as Fed hawks circle Read More »

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