02.07.2022
Chicago 12, Melborne City, USA
Business

US Dollar Trades on Mixed Signal as Market Reels from Fed Rate Hike Announcement

The US dollar halted its descent in the Asian session on Thursday as the recently announced Federal Reserve interest rate hike rocked the financial markets. Money markets anticipated the 75 basis points (bps) increase announced yesterday and had already priced in this possibility and several other rate hikes as inflation continues to swell. The greenback […]

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Politics

Dollar and Euro Mixed, Yen and Swiss Franc Staying Pressured:

Weakness in Yen and Swiss Franc are both staying under selling pressure today, and there is no clear sign of bottoming yet. Sterling is currently the stronger one for the week but there is no clear breakthrough. Aussie and Loonie are digesting some gains but remain firm. Meanwhile, Dollar is mixed for now, together with… […]

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Forex guide

Dollar Mixed Ahead Of US Import And Export …

US import and export prices for April are due at 8:30 am ET Friday. Ahead of the data, the greenback traded mixed against its major counterparts. While it fell against the franc, it held steady against the rest of major rivals. The greenback was worth 128.89 against the yen, 1.0377 against the euro, 1.2184 against […]

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Forex guide

Dollar Turning In Mixed Performance Against M …

The US dollar retreated after the Labor Department released the consumer inflation data Wednesday morning, but slowly edged higher subsequently amid expectations the Federal Reserve will raise rates aggressively to bring inflation down at a faster rate. Data released by the Labor Department showed the annual rate of consumer price growth slowed by less than […]

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Reviews

US stock index futures decline on mixed US CPI data

US stock index futures lost about 1% on average after the release of US CPI data for April. Earlier, index futures increased by more than 1%. According to the latest data, consumer price inflation in the US has reached 8.3%, exceeding the projected 8.1% but well below 8.5% reported in March. Month-on-month, inflation has increased […]

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Forex guide

Loonie Mixed Ahead Of Canada Jobs Data

Statistics Canada will release Canada jobs data for April at 8:30 am ET Friday. Ahead of the data, the loonie showed mixed trading against its major counterparts. While it fell against the euro, it held steady against the rest of major counterparts. The loonie was worth 101.62 against the yen, 1.2837 against the greenback, 1.3566 […]

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Forex guide

Dollar Mixed After US Jobs Data

The US dollar showed mixed trading against its major counterparts in the European session on Friday, following the release of upbeat jobs data for April. Data from the Labor Department showed a stronger than expected job growth in the month of April. The report showed non-farm payroll employment surged by 428,000 jobs in April, matching […]

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