The US dollar gained ground on Tuesday as traders weighed the contrasting economic outlooks for the world’s two largest economies. China’s trade data for July showed a sharp decline in both imports and exports, indicating a weak recovery from the pandemic. Meanwhile, the US economy appeared to be more resilient, despite the Fed’s aggressive rate […]
Dollar Strengthens as China’s Trade Data Disappoints Read More »
The mainland yuan fell to its weakest level against the dollar since the 2008 global financial crisis amid a steady rise in the US currency in currency trading and rumors that China is easing support for the local currency. The domestic yuan weakened to 7.2256 per dollar, a level not seen in 14 years, while
Yuan falls to the lowest level since 2008 as PboC Loses Control Read More »
The end of the month in the currency area is expected. Including yesterday’s US weekend, aggregate flows were low during the Asian and London hours but saw a buying trend for the euro following inflation data from Spain and Germany. Talks in the trading community mainly focused on last week’s issues, namely the tightening of
ECB to Begin Aggressive Tightening, Favoring Euro Bulls Read More »
Despite a calmer risk environment and heightened expectations for a pause in the Fed’s tightening cycle, the US dollar plunged on Monday morning on European deals, nearing its first monthly loss in five months. Earlier today, the dollar index, which measures the dollar against six other currencies, traded 0.2% lower at 101.51, continuing to retreat
US Dollar Posing a Threat to Further Losses Read More »
The dollar dominates the forex market as the risk sentiment remains quite deteriorated. The risk assets like EUR, GBP, and AUD have slipped to multi-month lows. Gold remains under pressure as the dollar leads among the safe-haven assets. With the flight to safety increasing during the US trading session, global equities suffered heavy losses, and
Forex Market Roundup: Risk Flows Keep Dollar Dominating Read More »
Global bond markets have plummeted to their lowest levels since at least 1990, as investors expect central banks to quickly raise interest rates in the face of the highest inflation in decades. What is going on? Bond market losses result from central banks raising interest rates to combat rising inflation. Between bonds and interest rates,
Bond Markets in red: What to expect? Read More »
The Federal Reserve kept interest rates around zero on Wednesday, January 26, but maintained its intention to abandon its pandemic-era cheap money policies in the face of significant price increases. So, what can we see in the long run? Powell’s press conference Federal Reserve Chair Jerome Powell suggested in his post-meeting news conference on January
Feds held interest rates near zero but signaled higher rates Read More »
As the Delta wave faded and the Omicron variant became a threat to the rebound in the last months of 2021, the US economic recovery picked up speed. So, will we see a pace in growth in 2022? Strong fourth quarter The fourth quarter provided some reprieve between coronavirus outbreaks. It began while the Delta
US Economy grew more than expected; what’s next? Read More »
An old advertising adage says, “Sell the smell of meat, not steak.” Unfortunately, when it comes to cryptocurrencies, the flavor to steak ratio is incredible. The digital token announcements that flood the London Underground promise “big” benefits. One of them, for example, promises to “change the lives” of those who missed the Dogecoin train. Another ad for a
Why cryptocurrency ads are just the tip of the iceberg? Read More »
Euro markedly rose in price in forex on Thursday following the results of the meeting of the European Central Bank, the leadership of which for the first time admitted that the period of high inflation exceeded forecasts. The Euro jumped against the dollar by 0.8% in just over an hour after the head of the
