Forex News Category

The Dollar Up with China’s Forex Reserves Fall   The U.S. Currency elevated in European Trading on Wednesday, However, the vigorous fall on bond yields resultantly lingered dollars near two-week lows even after strong U.S economic growth. The Dollar Index, The greenback was high 0.1% at 92.390 against a basket of six other currencies. USD/JPY

The Dollar Elevated Anticipating Strong Economic Recovery   The U.S. currency slightly higher versus its competitor on Tuesday. as Traders are on a positive note with the rapid increase in vaccination rollout in hope of economic recovery. The U.S. Bond yields tumbled, However, the movement could not be long-lasting because the increment in the rates

The Dollar Steady as Employment Data keeps Buyer in Control   The U.S. Dollar moving in a balanced form on Monday. The last week’s strong U.S. employment report keeps interested investors on the edge with looking forward to data on the U.S. services sector for the assurance of a firm economic bounce back from the

AUD/USD walks water above 0.7600 AUD/USD clings to the consolidative mood above 0.7600. Support comes in at the YTD lows near 0.7530(Thursday). US NFP is looking forward to being in the limelight later on Friday. The Aussie Dollar alternates gains with losses vs its American Counterpart, leaving the price movement around AUD/USD side-lined over the

When are the Eurozone prelude CPIs & how could they affect EUR/USD?   Summary on Preliminary CPIs Eurostat will announce the first estimate of Eurozone inflation figures for March at 0900 GMT on Wednesday. The headline of CPI (Consumer Price Index) is an antedate to come in higher at 1.3% YoY while the core inflations are