News

Russian Ruble Likely to Hit 75.76 Against Greenback as Rate Hike Misses Expectations

The Central Bank of Russia increased its benchmark interest rate by 25 basis points to 6.75%, despite market expectations for…

3 years ago

Eurodollar Declines to $1.18 as Investors Await ECB Policy Meeting

The euro dollar fell to $1.18 after climbing over $1.19 for the foremost time after June 30th. ingnvestors are waiting…

3 years ago

Euro Hits 2-Month High on Calls for Tapering Bond Purchases by ECB Governing Council Member

Friday's lackluster US employment data helped the euro rise over $1.19 for the foremost time since June 30th. In addition,…

3 years ago

Canadian Dollar Under Selling Pressure as Economy Continues to Slide

The Canadian Dollar fell to the bottom of the main currency performance chart on Tuesday, boosting GBP/CAD and USD/CAD in…

3 years ago

New Zealand Dollar Rebounds as Market Shifts to Risk-On Sentiment

The Kiwi dollar gained ground Friday to hit $0.70, from $0.68 in early August as investors swirled away from the…

3 years ago

Russian Ruble Strengthens On Crude Recovery & Rate Hike

The Russian ruble strengthened over the 74 mark versus the US dollar, aided by a rebound in crude prices and…

3 years ago

Swedish Krona Hits 11/2-yr Low Despite Manufacturers’ Confidence Hitting Record High

The Swedish krona hit a one-and-a-half-year low despite the release of a series of upbeat data for July. Specifically, the…

3 years ago

US Dollar Strengthens on Hints of Policy Tightening by FOMC Minutes

The US dollar index was changing hands at about 93.43 against a bouquet of currencies on Thursday, up from 93.1…

3 years ago

US Dollar Hits One-Week Low as Consumer Sentiment Hits Decade Low

The dollar index fell to new weekly lows in the 92.40 range on Friday, tracking Treasury yields, as fund managers…

3 years ago

Aussie Remains Weak on Slow Covid-19 Vaccine Roll Out

According to an expert at one of Australia's biggest banks, the Aussie will stay restricted for "some time ahead," owing…

3 years ago