September 19, 2022 8:16 am
The Euro was trading mostly below parity with the US Dollar at the start of the new week, with the common currency pressured by poor economic outlook as energy woes persist. Meanwhile, the greenback stood just below September 7th more than two-decade peak of 110.79 against peers ahead of the highly anticipated FOMC policy decision. […]
Read moreSeptember 14, 2022 8:57 am
USD/JPY distanced from a 24-year peak on Wednesday, after the Nikkei website, citing unidentified sources, reported the Bank of Japan had conducted a rate check, while obviously preparing for currency intervention. A BoJ rate check, where central bank officials call up dealers and ask for the price of buying or selling Yen, is considered as […]
Read moreSeptember 12, 2022 8:38 am
EUR/USD climbed to highs not seen in more than three weeks on Monday, as European Central Bank officials added to prospects of further aggressive policy tightening. ECB policy makers said that they would need to raise the benchmark interest rate to 2% or even higher in order to curb record inflation in the Euro Area. […]
Read moreSeptember 6, 2022 8:48 am
The Reserve Bank of Australia (RBA) raised its cash rate by 50 basis points to 2.35% at its policy meeting earlier today, in line with expectations, while delivering 225 basis points of rate hikes in the past five months. The central bank indicated interest rates were now closer to neutral, but also flagged more policy […]
Read moreSeptember 5, 2022 9:10 am
EUR/USD slipped below the 0.9900 mark for the first time since December 2002 on Monday, as Russia’s gas supply halt through its major pipeline to Germany added to Europe’s challenges to secure fuel for the winter, stoking energy price concerns. Russia scrapped a Saturday deadline to resume gas flows via Nord Stream 1, as Gazprom […]
Read moreAugust 29, 2022 9:14 am
The Euro was struggling just below parity with the US Dollar for a sixth consecutive trading day on Monday, as Europe’s energy woes weighed on sentiment, while the greenback advanced to a fresh two-decade peak against major peers after Fed Chair Jerome Powell indicated interest rates would be maintained at higher levels for longer to […]
Read moreAugust 23, 2022 9:28 am
AUD/USD bounced off a one-month low, recorded earlier on Tuesday, as market sellers seemed to have shifted their focus to the Euro amid a deepening energy crisis in Europe. The common currency has been pressured by skyrocketing energy prices across Europe, which is fueling inflation and is forcing central banks to raise interest rates even […]
Read moreAugust 22, 2022 9:09 am
EUR/USD plummeted to a fresh more than five-week trough on Monday, after Russia said European gas supplies via the Nord Stream 1 pipeline would be halted for three days at the end of August, which mounted more pressure on the region as it looks to refuel ahead of the winter period. Bundesbank President Joachim Nagel […]
Read moreAugust 16, 2022 8:07 am
AUD/USD extended losses on Tuesday, as disappointing macro data reinforced recession concerns, triggering a move into safe haven assets. China’s industrial production, retail sales and fixed-asset investment data prints, reported on Monday, all fell short of market consensus, signaling a nascent recovery from strict COVID-19-related lockdowns seemed to have faltered. In the US, the NAHB […]
Read moreAugust 15, 2022 8:57 am
NZD/USD eased from recent two-month peak on Monday, after the latest macro data set from China, a key trading partner to New Zealand, indicated a nascent recovery from strict pandemic-related lockdowns seemed to have faltered. China’s industrial production, retail sales and fixed-asset investment data prints, reported earlier on Monday, all fell short of market consensus. […]
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