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Forex Market: USD/RUB gains, MOEX hits lows unseen since March as geopolitical concerns persist

USD/RUB gained over 0.7% on Tuesday while the MOEX benchmark stock index plunged to lows not seen since March 25th 2021 amid continuing geopolitics-related concerns and worsening health situation due to the rapid Omicron spread. The Russian currency has been facing geopolitical pressure since last October due to Russia’s military build-up near Ukraine. Moscow has […]

January 18, 2022, 10:44 am in Currency News

Forex Market: AUD/USD stuck in narrow range despite robust Australian retail sales, Fed Chair Powell’s testimony now in focus

AUD/USD was a notch stronger on Tuesday, but remained stuck within a narrow daily range, since a hawkish US interest rate outlook outweighed recent upbeat macro data from Australia. Retail sales in Australia were reported to have risen at a monthly rate of 7.3% in November, which far exceeded a consensus of analyst estimates of […]

January 11, 2022, 10:50 am in Currency News

Forex Market: GBP/USD trades near fresh two-month highs, underpinned by BoE rate hike expectations

GBP/USD traded mostly flat on Monday, while being in proximity to a fresh two-month peak, as market players have bolstered expectations that the Bank of England will lift borrowing costs in February after an unexpected hike in December. Particular attention will be paid to the preliminary UK GDP figures for November due out on Tuesday. […]

January 10, 2022, 11:03 am in Currency News

Forex Market: AUD/USD rebounds from two-week lows, Dollar Index holds gains on Fed rate hike expectations

AUD/USD rebounded from a two-week trough in light trade on Tuesday, but a surge in new daily COVID-19 cases to record levels weighed on the risk-sensitive Aussie Dollar as it may prompt Australia’s central bank to take a more dovish view. The rapid spread of the Omicron variant, especially in the eastern states in Australia, […]

January 4, 2022, 10:32 am in Currency News

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