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Forex Market: Euro rebounds from two-week lows, approaches parity with US Dollar

November 7, 2022 9:52 am
The Euro extends a rebound from a two-week low against the US Dollar on Monday, while moving closer to parity, as investors expect the European Central Bank will continue its policy tightening cycle to curb persistently high inflation. ECB President Lagarde said last week interest rates should keep rising, despite the higher probability of the […] Read more

Forex Market: EUR/USD trades near six-week high ahead of ECB rate decision, dollar weakens on hopes of less aggressive Fed hikes

October 27, 2022 8:53 am
EUR/USD was trading near a fresh six-week high on Thursday ahead of the ECB policy meeting later in the day, while the US Dollar weakened amid rising hopes the Federal Reserve will implement less aggressive policy tightening to temper recession risks. “Fundamentally, there are factors that are still favouring the U.S. dollar: rate differentials, the […] Read more

Forex Market: AUD/USD rebounds further from 30-month low after RBA Deputy Governor Bullock’s hawkish remarks

October 18, 2022 8:55 am
AUD/USD extended a rebound from last week’s 30-month trough on Tuesday, after Reserve Bank of Australia’s Deputy Governor Michele Bullock said the central bank would raise interest rates further during the upcoming months and it could keep up with the tightening cycle of its peers across the globe with more frequent, smaller rate increases. Meanwhile, […] Read more

Forex Market: EUR/USD at a fresh one-week low ahead of US CPI data, job growth supports outlook for higher rates

October 10, 2022 8:06 am
EUR/USD retreated for a fourth straight day on Monday, as rising energy prices and geopolitical tension continued weighing on the single currency, while robust US job growth and high CPI inflation forecast added to the case for higher interest rates, underpinning the greenback. Friday’s data string revealed solid growth in US Non-Farm Payrolls and an […] Read more