Cable remains downward pressured amidst disappointing data and Strong USD. Dismal market mood and flight to safe-haven assets weighed on the GBP. Signs of the UK economy is under stress from soaring inflation puts pressure on the GBP. The British pound plummeted against the US dollar during Tuesday trading session due to the fears [...]
The Japanese yen hit a 20-year low against the dollar on Tuesday backed by high U.S. Treasury yields. Contrast in monetary policy between a hawkish Fed and an dovish Bank of Japan strengthens USD against JPY. Fed’s James Bullard said inflation is “far too high.” The dollar rose against the Japanese yen during Tuesday [...]
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 [...]
Dollar gains some ground with Fed Powell's comments portrayed that central bank would take a more aggressive monetary policy path. ECB President Largade noted "Ukraine war would have growth consequences in the Euro area." Ukraine war jitters weigh on market sentiment and creates negative prospect for Euro. Euro drops against the US dollar during [...]
