Australian Dollar Heading for 0.7620 Against the US Dollar

The Australian Dollar is the best-performing major currency at the dawn of the new week, a trend that corresponds with increased freedoms in Sydney, and which some foreign exchange experts believe will continue to rise. “The Australian dollar is outpacing

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US Inflation Hits 13-Year High, While the Yen Records 3-Year Low

With inflationary pressures remaining strong in September, the dollar index recovered some of its earlier losses on Wednesday to trade at 94.5. This is the highest level since September of 2020, increasing expectations that the Fed would tighten policy sooner

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Turkish Lira Records Fresh All-Time Low of 8.9982

The Turkish lira fell to a historic low of 8.97 per US dollar on worries about the legitimacy of monetary policy and a rising US currency. Following President Tayyip Erdogan’s demands for lower benchmark interest rates in a nation where

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Swedish Krona Plunges 0.77% Against the US Dollar on Weak Economic Data

The USDSEK increased 0.0806 or 0.92% to hit a high of 8.8215 on Wednesday from 8.7409 in the earlier trading session following a series of weak economic data (industrial output, household consumption and industrial orders) from Sweden and upbeat non-farm

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Russian Ruble Strengthens on Lifting of FY21 Growth Outlook & Plans to Increase Govt. Spending

The Russian ruble strengthened on Friday despite the report of a slowdown in Russia’s economic growth in August. The upward revision of FY21 GDP by the Russian Ministry of Economic Development and the government’s plan to increase spending in the

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British Pound Rebound as Bond Yields Continue to Rise

According to a seasoned Forex market trader, the British Pound has reached a turning point and it would be foolish to dump it now. The latest developments in the United Kingdom have led Brent Donnelly, President of the Spectra Markets

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Australian Dollar Hits 5-Week Low as Prospects of Iron Ore Price Recovery Fades

Increasing worries about deteriorating global growth, as well as a drop in the price of iron ore, Australia’s single largest export revenue earner, caused the Australian dollar to record a low of $0.72 earlier today, the lowest level since August

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Canadian Dollar Hits One-Month High Against Yen on Rebound in Home & Crude Prices

The Canadian dollar hit a one month high of 87.55 against the Japanese yen following the release of solid economic data from Canada and crude oil price rally. The CAD/JPY pair’s uptrend was also stoked up by the report of

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US Dollar Strengthens as Fed Signals Tapering as Early as November

Sculpting up turbulent trade on Wednesday, the world stock indexes reduced their gains in late-day trading and the dollar gained as the Federal Reserve said that it is on track to end its monthly bond purchases later this year. Following

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US Dollar Strengthens for Fourth Consecutive Day Amid Global Risk Off Sentiment

On Tuesday, the dollar index was at 93.2, near its highest level since August 23rd, as investors remained cautious ahead of the US Federal Reserve’s policy meeting, which concludes on Wednesday. Traders are still waiting for more information on when

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