On Monday, the U.S. dollar recovered from an almost three-month low versus a basket of other currencies as the U.S.business activity expanded faster in over five years in November and after the index touched strong technical support. Significantly, IHS Markit’s manufacturing and services sector purchasing managers’ indexes exceeded even the most optimistic estimates in a …
The U.S. dollar index increased by 0.18% to 92.482 Read More »
GBPUSD Despite outperforming its peers in Europe, the UK’s local currency will still see some weakness against the greenback amid the upbeat US data. Just like the rest of the EU member states, 2 out of 3 reports on Monday, November 23, saw below 50 points figures for its Composite, Manufacturing, and Services PMI reports. …
On October 22, the Indian rupee increased by 11 paise and settled at 74.16 versus the U.S. dollar, helped by positive domestic equities and sustained foreign fund inflows. Significantly, at the interbank forex market, the domestic unit opened at 74.15 versus the greenback and touched an intra-day high of 74.09 and a low of 74.21. …
The rupee rose 11 paise to 74.16 against the dollar Read More »
EURAUD Australia managed to outperform economies in North America and Europe in its most recent reports. Figures for the Manufacturing and Services PMI came in at 56.1 points and 54.9 points, respectively. Both figures represent an increase from their prior results of 54.2 points and 53.7 points. The above 50 points results also suggest that …
On Friday, the U.S. dollar stopped its fall after U.S. Treasury Secretary Steven Mnuchin called an end to some of the FED’s pandemic leading, causing a risk rally and surprising investors who had counted on central bank support. Significantly, the announcement diminished a previously positive mood after reported that U.S. Senate Republican and Democrat leaders …
USDBRL Brazil is leading the economic recovery in Latin America. Economy Minister Paulo Guedes said the economic activity index is expected to surge by 9.47% in the upcoming report for Q3. The report is closely related to the country’s gross domestic product (GDP) report, which will be published on December 03. In the second quarter, …
The U.S. dollar declined for a fifth straight session on Wednesday and reached a more than a one-week low. Besides, positive vaccine news offset the rise in covid-19 infections and broader economic restrictions around Europe and the U.S. Additionally, the market shows a little more appetite for risk-taking. The British pound, Norwegian crown, and New …
EURNZD Analysts gave the New Zealand economy an optimistic outlook following several reports that showed the start of the country’s economic recovery. PPI Input and Output reports posted 0.6% and -0.3% growths, respectively, for the third quarter of the fiscal year. The output of the producer price index remains stable at the negative territory while …
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