Introduction The US dollar index (DXY) has been seeing gains in recent times, with new 2023 peaks being reached. As a result, the index has come under some selling pressure as traders look to take profits. However, the outlook remains constructive for the dollar, with a target on the 200-day.
The Bank of Thailand has warned that the baht currency is likely to remain volatile due to external factors, as global financial market conditions remain uncertain. According to the central bank, the baht and other regional currencies have been moving in both directions in accordance with global financial market conditions,.
The South African rand has fallen sharply to its lowest level in almost three years against the dollar, following hawkish comments from the US Federal Reserve and weak GDP figures from South Africa. This article delves deeper into the factors behind the rand’s decline and what it means for the.
The pound has come under pressure against the dollar as markets react to the more aggressive guidance given by Fed Chair Jerome Powell during his testimony in front of the Senate Banking Committee. The USD found support against all major currencies, including the GBP, outweighing any upside from positive UK.
The State Administration of Foreign Exchange (SAFE) in China has reiterated that there is no change in China’s policy on cross-border remittance of funds, and that it will continue to promote a high-level opening-up to the world. The announcement comes in response to concerns raised by billionaire investor Mark Mobius,.
The S&P Global/CIPS UK Manufacturing Flash PMI increased to 49.2 in February 2023 from 47 in January, beating market forecasts of 47.5, preliminary estimates showed. This marks a positive change for the manufacturing industry, which has been experiencing a period of decline. The service sector also saw an increase, with.
Asian currencies were largely unchanged on Monday, while the dollar remained steady, with investors keeping a close eye on monetary policy signals from the Federal Reserve. The region’s currencies remained subdued after the hotter-than-expected U.S. inflation data last week, which reignited fears of the Fed tightening its monetary policy. The.
The dollar surged to a six-week high against a basket of currencies, while most Asian currencies fell on Friday as hawkish comments from Federal Reserve officials and stronger-than-expected inflation readings raised expectations of more interest rate hikes this year. Fed officials James Bullard and Loretta Mester struck a hawkish tone.
Most Asian currencies remained largely unchanged on Thursday despite China announcing additional measures to bolster its economic growth. The Chinese yuan rose by 0.2% after the People’s Bank announced its plans to support the property market and increase lending. Meanwhile, the state planning body and finance ministry revealed they would.
Introduction In early European trade on Tuesday, the US dollar retreated while the yen gained against major currencies as the market awaited the release of the latest US consumer inflation report. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 103.028,.
Introduction The USD/CAD pair is experiencing a consolidation phase in the mid-1.3300s during the early hours of Monday’s Asian session. The Loonie pair had fallen the most in five weeks the previous day, owing to a strong Canada jobs report that joined upbeat prices of WTI crude oil, Canada’s key.
Introduction The currency exchange market is one of the largest and most liquid financial markets in the world. It enables international trade and investment, and exchange rates–the value of one currency in relation to another–fluctuates due to macroeconomic events such as inflation, monetary policy, and economic growth. In this article,.