Fundamental view: Euro traded high during the first half of the week but later gave its gains against the greenback. The hopes for a ceasefire and higher eurozone inflation helped the Euro. The German’s report showed inflation were up 7.3% YoY in March and the news from Europe's largest economy and also Spain – which [...]
The greenback is favored by rising odds of a 50 bps rate hike by the Fed BOJ's concern over rising commodity prices weighs on yen Japan Finance Minister's comments also underpins Yen bears. The US dollar climbed higher against its yen counterpart on Friday trading session ahead of a key U.S. jobs report that [...]
The hopes that war in Ukraine might be entering in to a new de-escalating phase favors the Euro. Rising bets over an interest rate hike by the ECB underpins the Euro bulls. ECB's Lagarde says Cost of living in Europe will Spiral as Ukraine war drags on. The Euro edged higher against the US [...]
Reports of progress in Russia - Ukraine favors risk-on market mood, weighing on the USD, thus slightly boosting the CAD. An uptick in oil prices underpinned the loonie bulls. Market expect aggressive rate hike in 2022 from Fed and BoC. USD/CAD is trading downside amid reports of progress in peace talks between Russia and [...]
