As NA traders enter for the day, the NZD is the strongest and the JPY is the weakest. The USD is weaker as a result of "risk on" flows. The NZD is the strongest of the major currencies as the…
Continue ReadingEuropean Forex news roundup: The dollar is weakening as the US CPI and FOMC minutes are released. Forex market news from the European trade session on October 13, 2021 For the most part, it was a quiet session as…
Continue ReadingThe EUR/USD is struggling to prolong its rebound and has returned below 1.1550. EUR/USD is struggling to make a meaningful move in either direction. After a day of advances, the US Dollar Index has entered a period of consolidation.…
Continue ReadingA selloff in global stocks extended into Tuesday on signs that soaring energy prices have put a dampener on economic growth, while inflation and policy-tightening fears sent short-dated U.S. Treasury yields to 18-month highs. OIL Oil prices rose further, with…
Continue ReadingGBP/USD pares intraday gains to two-week highs, rising slightly around 1.3625-30. The British pound gained some ground on Monday after the Bank of England signaled an impending rate hike. The upside is still limited due to the underlying optimistic…
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