Japan's Nikkei inches low ahead of today’s US Federal Reserve (Fed) monetary policy meeting in Wednesday Asian session. The US dollar is showing gains as investors looked towards a key Federal Reserve policy meeting to see if it would reinforce growing market expectations for earlier rate rises next year. Bank of Japan Governor Haruhiko Kuroda [...]
British pound is trading downside against the greenback during Asian Thursday trading session. Brexit worries, better than expected Initial Jobless claims and concerns over the omicron variant favors the safe haven US dollar and weighs on the pound. Talking about the Brexit Saga, Irish Foreign Minister Simon Coveney crossed wires while signaling no Brexit deal [...]
USD trades high against the Japanese Yen. The reason behind this move can be linked to recovery in the US treasury yields and reducing fear of omicron coronavirus variant. Further mixed Japanese data underpinned the bullish move of the pair. Japan’s Preliminary Industrial Production for October fell below 1.8% market consensus but recovered from -5.4% [...]
Pound is trading downside against the greenback. This can be related to the US President Joe Biden’s nomination for the Fed Chair’s position, Brexit woes, COVID-19 fears and Dovish stance of BoE bailey ahead of the UK and the US preliminary PMI numbers for November. President Biden on Monday nominated Federal Reserve Chair Jerome Powell, [...]
