CNY to XCD

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Technical Analysis

Pivot Points
Moving Averages
Technical Indicator

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News

Forex Market: EUR/USD near fresh 20-year trough on energy woes, recession fears bolster greenback

EUR/USD was trading near its weakest level since June 2002 on Wednesday, as rising interest rates globally reinforced recession concerns, propelling the safe haven US Dollar to a new 20-year peak against peers. The yield on benchmark US 10-year Treasuries exceeded 4% for the first time since 2010, while 2-year yield was at 4.28%. “It’s […]

September 28, 2022, 9:11 am in Currency News

Forex Market: AUD/USD rebounds from 28-month low, but pressure from stronger greenback remains

Having touched a fresh 28-month trough on Monday, AUD/USD saw a certain rebound on Tuesday, as oversold investor positions were pared and volatility eased a bit. But since the US Dollar remained firm on expectations US interest rates will probably stay higher for a longer period, risk-sensitive currencies such as the Aussie were still experiencing […]

September 27, 2022, 9:28 am in Currency News

Forex Market: AUD/USD lingers near 27 1/2-month lows ahead of FOMC decision, RBA rate hikes could slow

AUD/USD was trading in proximity to last Friday’s 27 1/2-month low of 0.6670 on Tuesday, as the US Dollar remained strong on expectations of another aggressive interest rate hike by the Federal Reserve this week in an attempt to curb red-hot inflation. The greenback also received support from higher bond yields. The yield on US […]

September 20, 2022, 9:10 am in Currency News

Forex Market: Euro trades below parity with US Dollar as market players await Fed’s policy decision

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. […]

September 19, 2022, 8:16 am in Currency News