Month: October 2022

Economic News: Early on Wednesday in European trading, the U.S. dollar gave back some of its gains, while the euro increased due to rising German producer prices. The U.S. Dollar Index, which measures the value of the dollar relative to a basket of six other currencies, decreased 0.16 % to 112.80. At its upcoming meeting […]

Economic News: The U.S. dollar slightly increased in early European trade on Wednesday, recovering from a two-week low, while sterling declined following a 40-year peak in U.K. inflation. The greenback’s value versus a basket of six other currencies is measured by the Dollar Index, which increased 0.25% to 112.41. The American dollar’s recent decline from […]

Economic News: Early on Tuesday in European trading, the U.S. dollar made a slight decline, but sterling mostly maintained its overnight rise as market optimism climbed due to the U.K. retracted its misguided mini-budget that cut taxes and caused market turbulence. The U.S. Dollar Index, which measures the value of the dollar relative to a […]

Economic News: In early European trade on Monday, the U.S. dollar declined, while sterling increased on the news that the U.K. will forward its tax and spending plans in an effort to calm investors following the unrest connected with the beginning of new Prime Minister Liz Truss’s reign. The U.S. Dollar Index, which measures the […]

Economic News: In early European trade on Friday, the U.S. dollar stabilized following the publication of yet another high inflation statistic, while sterling fell from sharp overnight gains amid rumors that the U.K. government was about to abandon its plans for sizable unfunded tax cuts. The U.S. Dollar Index, which measures the value of the […]

Economic News: Before the release of closely-watched U.S. inflation statistics on Thursday, the dollar moved in a narrow range in early European trading, while sterling fell in anticipation of the possible end to the Bank of England’s emergency bond-buying program. The U.S. Dollar Index, which measures the value of the dollar relative to a basket […]

Economic News: On Wednesday, as traders anticipated U.S. inflation data and its implications for additional Federal Reserve rate hikes, the dollar reached new 24-year highs against the yen, breaking above levels that triggered intervention by Japanese officials last month. The U.S. Dollar Index, which measures the value of the dollar relative to a basket of […]

Economic News: Tuesday saw more currency losses while the dollar edged closer to a fresh 20-year high following hawkish signals from the Federal Reserve that offered no evidence of a pause in interest rate hikes. The U.S. Dollar Index, which measures the value of the dollar relative to a basket of six other currencies, increased […]

Economic News: On Monday, most Asian currencies slowly declined, but the dollar held steady as concerns about future hawkish actions by the Federal Reserve increased in response to signs of resilience in the American economy. Holidays in Japan and South Korea reduced trading volumes in the area. But after a week-long hiatus, trading on Chinese […]

Economic News: On Thursday, the majority of Asian currencies reversed recent losses as pressure from the dollar and Treasury yields gradually decreased, albeit gains were restrained by the Federal Reserve’s hawkish signals. The U.S. Dollar Index, which measures the value of the dollar relative to a basket of six other currencies, decreased 0.20 % to […]