The U.S. dollar loses value today and retreats after reaching highs, while the British pound gains ground after UK CPI came in lower than expected in March. Dollar falls but maintains its strength The dollar, considered a safe haven, hit new highs on Tuesday, just after Federal Reserve (Fed) Chairman Jerome Powell signaled that interest […]

When it comes to understanding how the currency market operates, knowing what is going on around the world is vital. The U.S. dollar continues to enjoy strong demand at the start of the European trading day, reaching five-month highs, while sterling falls despite positive wage data. Retail sales push the dollar higher The safe-haven U.S. dollar […]

In an unexpected move in the financial markets, the dollar (USD) experienced a drop this Thursday after the release of U.S. producer price data for March, which was lower than expected. This has partially alleviated market concerns about the resilience of inflation, opening the door to possible rate cuts by the Federal Reserve (Fed). Key […]

In Wednesday’s currency market, the dollar is trading lower in Europe, though it remains close to its highest levels in over four months, as traders await updates on U.S. interest rates and future economic forecasts This week’s market focus will culminate in the final days with the release of US employment data.. Despite weakening, the dollar may […]

The dollar (USD) reached its highest level in five months on Tuesday, as stronger-than-expected economic data caused investors to halt their bets on a rate cut in June, boosting the currency’s value. However, fears of intervention by Japanese authorities halted the dollar’s gains against the yen, even as long-term yields on U.S. Treasuries, which the […]

The US Federal Reserve (Fed) decided on Wednesday to hold interest rates in the 5.25% to 5.50% range for the fifth consecutive time, in line with market expectations. Officials added that they do not believe it is advisable to reduce the target range until they have gained more confidence that inflation is moving towards the […]

The US dollar (USD) gained value against other currencies on Wednesday in Europe ahead of the Federal Reserve’s (Fed) latest monetary policy decision. The British pound (GBP) lost value after signs of cooling inflation in the UK, while the Japanese yen (JPY) continued to decline. Federal Reserve decision Federal Reserve policymakers are set to conclude […]

In its recent Tuesday meeting, the Reserve Bank of Australia (RBA) maintained the cash rate at 4.35% and the interest rate on exchange settlement balances at 4.25%, key rates that influence borrowing costs and economic activity. The Australian central bank noted a moderation in inflation rates, though they remain elevated due to factors such as […]

On Tuesday, the Bank of Japan (BoJ) decided to raise its short-term benchmark interest rate to 0.1%. This is the first such measure taken in 17 years, and it comes alongside the withdrawal of other stimulus measures that were applied under its monetary policy program. The decision was made by the policy board of the […]

Headline inflation in the euro area moderated by nearly two-tenths in February on a year-over-year basis, reaching 2.6%. The core rate, which excludes volatile items such as energy, food, alcohol, and tobacco, to provide a clearer measure of long-term inflation trends, fell to 3.1% from 3.3%, its lowest level in two years, according to data from Eurostat, […]