Greenback showed a surprise fall despite a four-decade high inflation data. Fed policymakers’ speeches are largely eyed for fresh impulse. Omicron fear amid Experts warning "Dark Days Ahead for Hospitals." weigh on the yellow metal. Gold is flat against the greenback during the Thursday Asian session after refreshing multiday high on Wednesday, The rationale [...]
Less than expected Hawkishness from Fed Powell weakens the US dollar and in turn favor the Cable. Investors remain optimistic with expectation of rate hike from BoE. Fears about UK Brexit Minister Truss having personal reasons to trigger Article 16 creates woes before Thursday meeting. Pound is trading higher against the US dollar during [...]
NFP disappointment overrules the other upbeat US reports and weighs on the greenback. Market remain cautious with the rising cases of coronavirus in Australia. Fed Powell's hawkish comments and rising US inflation might recoup the Friday US dollar losses. The Australian dollar trades high the US dollar on Monday Asian session since US dollar [...]
The yen fell to a near five-year low against the U.S. currency on Wednesday and saw losses on other crosses. The rationale behind the move can be linked to investors bet that the Bank of Japan (BOJ) would fall behind its counterparts in tightening monetary policy to curb high inflation. Market’s receding fears of the [...]
