The Euro and British Pound rallied on Thursday. Investors are waiting for the ECB and Bank of England monetary policy meetings. Meanwhile, the U.S. Federal Reserve has already unveiled its tightening plans. Traders will know the outcome of the European Central Bank meeting at 1245 GMT and the Bank of England’s at 1200 GMT. On …
Euro and Sterling rallied Thursday while dollar backpedaled Read More »
The U.S. dollar was steady on Wednesday while traders waited to see if the U.S. Federal Reserve would meet market expectations for rate hikes in 2022. The agency’s policy statement and economic projections will come later today. Investors have been betting for the Fed to end its bond-buying around March. Afterward, the agency will likely …
The dollar firmed, while Lira and EM currencies declined Read More »
On Wednesday, the dollar held strong as investors paused to see if the U.S. Federal Reserve would strengthen market expectations for rate hikes next year. The Fed’s policy announcement and economic projections will arrive at 1900 GMT. Markets have been pricing for the Fed to complete its bond-buying around March and then move with one …
The U.S. dollar traded a bit lower from a one-week high on Tuesday against a basket of six major currencies. Investors expect the Federal Reserve meeting to be hawkish. Uncertainty about the Omicron Covid-19 variant had prompted market players to move on the safe-haven greenback, but optimistic news somewhat decreased demand. Data on U.S. factory …
U.S. dollar declined Tuesday while Euro and Sterling rallied Read More »
The U.S. dollar surged forward on Monday while traders were waiting for the results of a slew of central bank meetings this week. They are especially interested in the U.S. Federal Reserve’s decision, speculating how quickly the agency will unwind its bond-buying program. Investors are also looking for clues on when the Fed will start …
U.S. dollar rallied Monday while Turkish Lira hit record low Read More »
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 »
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 »
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 »
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