Forex Archives - Page 28 of 30

2 minute read

Watch Out, Traders! Dollar Index Breaches Key Level As Greenback Firms On China COVID-19 Worries, Hawkish Fed

November 21, 3:55 AM

The U.S. dollar commenced the week on a strong note, with the dollar index rising 0.53% to 107.49, boosted by defensive buying as investors weighed in on a spike in COVID-19 cases in China.

BND

2 minute read

Why The US Dollar, A Safe Haven For Worried Investors, Rebounded On Monday

By Wayne Duggan

November 14, 12:50 PM

The Invesco DB US Dollar Index Bullish Fund (NYSE: UUP) rebounded by 0.6% Monday morning after a difficult week last week.

BTC

2 minute read

Yen Falls To 32-Year Low Against The Dollar

By John Navin

October 21, 9:06 PM

It’s one of the many effects of the rise in interest rates in the United States: The Japanese yen has fallen to a 32-year low versus the dollar. The government in Tokyo will not allow its 10-year yield to rise above 0.25% — it’s a government finance policy mandate — so global investors avoid it in favor of the U.S. 10-year rate at 4%.

FXY

1 minute read

China’s Major State-owned Banks Seen Selling Dollars in Onshore Spot Market to Stabilize Yuan Exchange Rate

By Charles Gross

October 21, 5:05 AM

-Reuters https://www.reuters.com/article/china-yuan/chinese-state-banks-dollar-selling-meant-to-prevent-the-spot-price-from-weakening-past-7-25-yuan-sources-idUSP8N2ZZ02E

FXI

2 minute read

Cathie Wood Believes Something Similar To The Plaza and Louvre Accords Could Be Repeated: Here’s What Happened In The 1980s

By Bhavik Nair

October 17, 6:50 AM

Cathie Wood has said the significant appreciation in the dollar led by the ongoing aggressive policy of the U.S.

BND

2 minute read

‘This Is Worrying’: Top Economist Warns Of Stress Building In Global Financial System

By Natan Ponieman

October 13, 7:07 AM

“This is worrying," tweeted Robin Brooks, chief economist at the Institute of International Finance, a global trade group composed of the 400 most important banks and financial institutions around the globe.

1 minute read

British Pound Sees Relief Rally As PM Truss Ditches Tax Cuts For Super-Rich

By Bhavik Nair

October 3, 4:17 AM

The United Kingdom Prime Minister Liz Truss has dropped a plan to reduce taxes for the highest earners, giving some much-needed respite for the battered pound.

FXB

2 minute read

Nasdaq, S&P 500 Surge Ahead Of Market Open As US Stocks Look To Fight Back After Sell-Off: Nike And Peers In Focus

By Shanthi Rexaline

September 30, 7:01 AM

The major U.S. index futures point to a positive start on Friday, reversing the sharp declines in the previous session. The week witnessed see-sawing movement in the market and it remains to be seen if the indices can rally hard to close the week in the green.

DECK

1 minute read

British Pound Erases Gains Against the Dollar After Reports the UK Won’t Ask the Fiscal Watchdog to Speed Up Its Economic Forecast

By Charles Gross

September 30, 6:58 AM

-Bloomberg https://twitter.com/business/status/1575801728779386880

EWU

1 minute read

‘Bank of England warns of ‘significant’ rate rises as pound slumps again’ -Evening Standard

By Bill Haddad

September 27, 12:30 PM

https://www.standard.co.uk/news/uk/bank-of-england-interest-rates-will-rise-kwasi-kwarteng-inflation-b1028549.html?utm_medium=Social&utm_source=Twitter#Echobox=1664296114-1

EWU