The Japanese yen surged 0.8% to 130.58 against the dollar on Tuesday, reversing its overnight losses. This sudden surge can be attributed to traders shifting their focus from safe-haven assets to riskier assets, as concerns over an imminent banking crisis eased. The yen is known to be a safe-haven asset.
The Bank of Israel has raised its benchmark interest rate by a quarter of a percentage point for the ninth consecutive meeting in a bid to combat inflation. The move comes as inflation in the country remains above 5%. The decision to raise interest rates follows a similar move by.
Introduction: Indian forex traders are keeping a close eye on the dollar/rupee forward premiums as they anticipate a rise in the coming months. Analysts and bankers believe that the U.S. interest rates are likely to ease later this year, which will cause the USD/INR 1-year implied yield to rise to.
The GBPUSD pair ticked higher on Monday, thanks to a surprise announcement from OPEC+ that they will be implementing further production cuts. The news sent the price of oil and the dollar sharply higher earlier in the session. OPEC+ is a group of oil-producing nations that includes the Organization of.
The US dollar saw a rise against the euro on Friday, but the currency remained on track for its fifth consecutive weekly loss. This trend can be attributed to the slower growth of consumer spending in the United States, which has fueled hopes that the Federal Reserve will be less.
The price of natural gas (XNG/USD) dropped to a fresh 33-month low of around $2.13 on Monday, despite a rally in oil prices. The latest weakness in the energy instrument has raised concerns about warmer weather in the West and the US Dollar’s rebound ahead of the key jobs report.
Introduction Tesla Inc, the American electric vehicle and clean energy company, has reported its highest-ever quarterly vehicle deliveries in the first three months of 2023. However, quarter-on-quarter sales growth was only modest despite price cuts, as competition and a challenging economic outlook weighed on the company’s performance. Tesla delivered a.
The EURUSD has been under pressure in the Asian session, with selling pressure denting sentiment. The primary reason for the selling pressure was the strength of the US dollar, which has been supported by recent economic data from the US. Additionally, there are concerns about a potential recession in Europe,.
Introduction: On Monday, most Asian currencies fell as concerns about inflation and weak economic data weighed on investor sentiment. The dollar strengthened as a result of a rally in oil markets, following a surprise OPEC+ production cut. This move led to fears that inflation could remain high due to increased.
Introduction Silver prices have been on the rise over the past three weeks, but the trend came to an abrupt halt as the resistance line held strong. The bright metal has reversed from a downward-sloping resistance line from April 2022, and the overbought RSI (14) line has added strength to.
Boxed Inc, an e-commerce grocery platform, announced on Sunday that it has filed for Chapter 11 bankruptcy protection and will wind down its retail operations in the coming weeks. However, the company also revealed that it is pursuing the sale of its Software-as-a-Service (SaaS) business, Spresso. This plan to sell.
The EUR/USD currency pair has been on a rollercoaster ride lately, with the pair initially hitting a low of below 1.08 in early March 2023. However, the pair has since rebounded and is currently trading at around 1.0890 as of April 3, 2023. Despite the recent rebound, economists at Scotiabank.