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Forex Market: EUR/USD hovers above one-week low on China COVID case surge, global growth concerns

EUR/USD hovered just above a fresh one-week low on Monday, as market sentiment was dampened by a surge in new COVID-19 infections in China and tighter restrictions in some cities there, while bolstering safe haven demand. Two deaths were reported in the capital city of Beijing on November 20th, while residents of the city’s most […]

November 21, 2022, 10:15 am in Currency News

Forex Market: AUD/USD scales fresh two-month high, investors assess latest RBA Minutes release

AUD/USD scaled a fresh two-month peak on Tuesday following the release of the latest Reserve Bank of Australia’s policy meeting minutes. It showed that RBA policy makers remained open to either pause the cycle of tightening, or to go back to larger rate hikes, depending on incoming macro data. RBA Deputy Governor Michelle Bullock has […]

November 15, 2022, 9:51 am in Currency News

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

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 […]

November 7, 2022, 9:52 am in Currency News

Forex Market: USD/JPY rebounds from three-week lows ahead of FOMC meeting, Yen still pressured after BoJ decision

USD/JPY extended a rebound from recent three-week lows on Monday, as the US Dollar firmed on cooling investor bets that the Federal Reserve could indicate a slowdown in its aggressive monetary policy tightening cycle. “Markets have been kind of expecting a Fed pivot on monetary policy. I think that is too premature, given how resilient […]

October 31, 2022, 9:25 am in Currency News

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