Lira dropped for seven days in a row, losing 1.3% against USD and extending its monthly decline to nearly 9%. It has been the worst-performing currency in emerging markets. Economists predict the Turk...
No surprises came out from RBA’s latest minutes. Policymakers indicated that the current scale of QE was appropriate and was in no rush to taper. Moreover, the rate has been kept at 0.10% until wage a...
Asian shares jumped to a 2.5-week high as investors cheered a milestone in the US-China relationship. As Biden and Xi held the virtual meeting, the strong optimism pushed up CNH to its 5-month high ag...
USD is slightly down today, but it nevertheless trades around its nearly 16-month high. Currently, the DXY Index is still above 95, trading at 95.023, down about 0.11%. The upward momentum from the hi...
USD is heading for its best-performing week in five months against its major counterparts. Investors are betting for earlier interest rate hikes after this week’s inflation data. After all, the latest...
USD hit its annual high so far against GBP and EUR early Thursday morning in Asia. According to the latest news, US inflation has jumped to its highest point since 1990. On a monthly basis, CPI rose b...
USD has been experiencing consecutive daily losses against major counterparts, and today it is trading near its one-month low against JPY. Investors are paying extra attention to the inflation data wh...
Last week, GBP suffered a straight week of loss after the Bank of England confounded market expectations by keeping its benchmark rate on hold. Ahead of the meeting on Nov.4, economists and traders ha...
USD made a steady start to the week today but stayed below Friday peaks. Last Friday, data showed stronger U.S. job growth than expected in October. USD jumped on Friday to hit its highest level in mo...
USD seems to be on course for a second straight week of gains today, as investors await the latest non-farm payrolls which are due later in the day. Economists have forecasted 450k jobs to have been a...