April 12, 2024

Dollar Hovers experienced a decline in European trading sessions on Wednesday, facing pressure against a basket of major currencies for the third consecutive session. This downward trend nearly touched three-week lows as US 10-year treasury yields slowed down, signaling a cautious sentiment among investors. The Price The dollar index edged 0.1% lower to 104.03 today, …

Dollar Hovers Near Three-Week Trough Ahead of US Inflation Data Read More »

Consumer Prices of US surged beyond expectations, signaling heightened inflationary pressures within the economy. This unexpected uptick in inflation figures underscores the importance of monitoring price dynamics and their implications for monetary policy and consumer behavior. Overview of March Inflation Figures Overall Consumer Prices Consumer prices in the US escalated by 3.5% year-over-year (y/y) in …

Consumer Prices of US Exceed Expectations in March Read More »

Dollar Surges witnessed a notable rally against major rivals, particularly the Japanese Yen, following the release of robust US inflation data. This surge, propelling the Dollar to its highest levels since the nineties against the Yen, underscores the significance of economic indicators in shaping currency market dynamics. Implications of US Inflation Data Recent data from …

Dollar Surges to Highest Levels Since the Nineties Against the Yen Read More »

European Central Bank (ECB) has announced its decision to maintain interest rates at the current level of 4.50%. This move, widely anticipated by analysts, underscores the ECB’s cautious approach amidst a complex economic landscape. Let’s delve into the implications of this decision and its potential impact on various stakeholders. Understanding the Decision 1. ECB’s Monetary …

European Central Bank (ECB) Holds Interest Rates Unchanged Read More »

Oil Prices Rebound in the volatile landscape of global oil markets, have rebounded in European trade, marking the first increase in four days. The resurgence in prices comes against the backdrop of escalating tensions between Iran and Israel, which have reignited concerns about potential disruptions to oil supplies in the region. This article examines the …

Oil Prices Rebound Amidst Escalating Iran-Israel Tensions Read More »

Copper Price has experienced fluctuations, with a notable decline attributed to the strengthening of the US dollar against major currencies. This article delves into the intricate relationship between copper prices and dollar strength, analyzing recent market movements and projecting future trends. Understanding the Dynamics Copper, being a dollar-denominated industrial metal, is sensitive to fluctuations in …

Copper Price and the Impact of Dollar Strength Read More »