Oil prices surged more than 10% as massive uncertainty sparked by Russia's invasion of Ukraine. Canadian dollar gains as economy seen growing in January after strong fourth quarter. Market price in a 0.25% rate hike from Bank of Canada. The Loonie pair pulls back from the bullish trend on Wednesday, The rationale behind this [...]
Australia, net energy exporter gains from higher commodity prices amidst Ukraine crisis. Reserve Bank of Australia (RBA) keeps its monetary policy unchanged, with OCR at 0.10%. Upbeat China's PMI and Australia Upbeat retail sales data of January month favors Aussie, Ukraine development eyed. The Australian dollar was resilient on Tuesday since strength in domestic [...]
EUR/USD falls following headlines surrounding the Ukraine crisis. More sanctions have been imposed on Russia for its invasion of Ukraine, along with Western leaders extending weaponry aid. Geopolitical tension being the major catalyst, Euroland inflation data and second tier US data are also eyed. Euro plummeted during starting day of the week amid escalating [...]
Russia invasion on Ukraine triggered the traders to rusk towards the safe haven assets. Upbeat US data and Hawkish comments from Fed favors the USD bulls. Geopolitical developments will determine the next market move. US dollar edges high against its counterpart Japanese Yen during Friday trading session. Traders flocked towards safety after Russia’s invasion [...]
