USD dropped back from its one-year high against major counterparts on Wednesday. At press time, USDJPY weakened to 113.49, down from its three-year high of 113.785. USDEUR also dropped to 0.8655, the ...
Last Friday, the US reported its September nonfarm payrolls. The figures are quite disappointing as they landed at 194k. The forecast was at 488k. However, the unemployment rate fell to 4.8%, versus t...
Asian shares rose today as the Chinese market returned from a week-long national holiday. MSCI’s broadest index of APAC shares outside Japan rose by 0.5%, and Japan’s Nikkei increased by 1.56% at pres...
USD is trading close to its 14-month high against EUR this morning. The uptrend was primarily fueled by worries over the rising energy prices. Crude oil has rallied to the 7-year high overnight. Natur...
RBNZ raised the interest rates by 25 basis points on Wednesday. The official cash rate is now 0.50%. The increase marked the start of a tightening cycle. However, the market had been expecting the dec...
USD slipped against its major counterparts, with the DXY Index falling below the 94-level. However, data show that FX speculators are becoming increasingly bullish on the USD in recent weeks. The net ...
USD surged for the fourth consecutive day to the one-year high against major currencies. The strength of the USD primarily came from the expectations that tapering would start in November. An interest...
USD surged to its highest point in 10 and a half months, mainly supported by the rising Treasury yields. Investors are looking ahead to the Fed’s plan to reduce the asset purchases, previously implied...
German center-left Social Democrats (SPD) claimed victory in the parliamentary election. SPD has taken the biggest share of the vote, gaining 2% ahead of the center-right Christian Democrats. However,...
US Speaker of the House Nancy Pelosi said on Sunday that the $1 trillion infrastructure bill will get voted on Thursday. The group that is against the bill insists that it must be held back until the ...