You have searched for "Global Forex Market"
Showing 21-30 of 211
THE US dollar traded on bid tone against most pairs in tight ranges into a typically quiet Thanksgiving session along with heightened geopolitical uncertainties and low liquidity. The greenback however failed to react much to stronger revised third-quarter gross domestic product (GDP) of 2.1% against earlier estimate of 1.5%.
IN the first half of the week, the US dollar rode a safe haven rally to one-month high against the euro, its strongest in three months against Canada’s loonie and to fresh five- and six-year highs against the New Zealand and Australian dollars. Markets flocked for the US dollar due to swift downturn in oil, to ride out uncertainty stemming mainly from Greece’s ongoing debt crisis.
THE US dollar began the week on a softer note but gained momentum following Federal Reserve (Fed) chair Jerome Powell’s optimism on the US economy and his reaffirmation on Federal Open Market Committee’s stance in gradual rate hike; at the same time dismissing concerns of trade war.
ANOTHER week, another dip for the US dollar, falling by 0.28% to 95.74 on Thursday, mainly weighed down by political turmoil surrounding Trump following the release of e-mail chain by Donald Trump Jr where a Russian lawyer offered detrimental information on Hillary Clinton.
A BRANCH of the Federal Reserve, the Federal Open Market Committee (FOMC), sent new signals about a possible rate hike in December 2016 with inflation finally showing signs of behaving the way Fed Reserve officials want it to.
AS widely expected, the European Central Bank cut the refi rate by 10 basis points to 0.15% – a negative deposit rate, a targeted long-term refinancing operation with conditions designed to channel credit to non-financial public sector and to intensify preparatory work on outright purchase in the asset-backed securities (ABS) market but not everyone is pleased.