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EUR to IQD

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News

Forex Market: AUD/USD trades near 1 1/2-month trough, Powell’s reappointment fuels 2022 rate hike expectations

AUD/USD was hovering just above a fresh 1 1/2-month low on Tuesday, as Federal Reserve Chair Jerome Powell’s reappointment reinforced expectations of an interest rate hike in 2022. “The decision removes one source of uncertainty for financial markets and favours policy continuity at the Fed,” MUFG currency analyst Lee Hardman wrote in an investor note. […]

November 23, 2021, 11:20 am in Currency News

Forex Market: GBP/USD extends Friday losses on dollar strength, hedge funds most bearish on Sterling since June 2020

GBP/USD was a notch weaker at the start of the new week, as the US currency remained underpinned by bets the Federal Reserve could tighten monetary policy sooner than expected. A flight to safety amid rising COVID-19 infections, especially in Europe, also supported the dollar. Meanwhile, Pound traders’ focus strongly set on Bank of England’s […]

November 22, 2021, 10:44 am in Currency News

Forex Market: AUD/USD retreats as RBA dismisses market pricing for a rate hike next year

AUD/USD snapped a two-day streak of gains on Tuesday, after Reserve Bank of Australia Governor Philip Lowe again dismissed market pricing for a rate hike in 2022, as, in his view, recent macro data and projections do not warrant such a decision. Markets are pricing a first hike from the current 0.10% level to 0.25% […]

November 16, 2021, 9:50 am in Currency News

Forex Market: GBP/USD off near 11-month lows as investors focus on a new set of macro data, Brexit impasse over Northern Ireland

GBP/USD was mostly steady on Monday, while recovering from Friday’s near 11-month low, as investors were waiting for fresh clues on both the US and the UK economy after placing bets last week for a first rate hike by the Federal Reserve by July 2022. Market players will be also on the watch for any […]

November 15, 2021, 10:22 am in Currency News

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