The Australian dollar is trading high against the US dollar today as investors bet that interest rates could rise as soon as April, hammering bonds and sending yields soaring to peaks not seen since 2019. The central bank declined to purchase the April 2024 target bond, even though the yield was much higher than the [...]
Euro shows a cautious move against the greenback in early Asian session. The pair recovered from the recent lows. Euro gained some support from Germany's GFK Consumer Confidence, which showed an improvement from 0.4 to 0.9 in October, beating market expectations of -0.4. Also, the EU reported September Money Supply, which increased by 7.4%, below [...]
Gold prices retreated further on Wednesday due to the robust dollar. The US dollar showed strength from the beginning of the day against its commodity-rival, getting a boost early in the American session from upbeat US data, higher U.S. bond yields and rallying equities. The US Richmond Fed Manufacturing Index showed an improvement to 12 [...]
The US dollar was up against the Japanese yen in today's early trading Asian session. The improvement in strength of the dollar comes amid the rise in the US stocks after favorable earning report from US companies. U.S. stocks has rose to another record high as traders have geared for a string of earnings reports [...]
