Euro Holds its ground in European trade on Monday, recovering from recent lows against the dollar. Trading above the psychological barrier of $1.1, the euro is set to post its first profit in four days. This resilience comes amid receding inflationary pressures in the Eurozone, which has increased the likelihood of a rate cut by …
Euro Holds Above Two-Week Lows Ahead of Crucial US Data Read More »
Dollar Retreats experienced a pullback in European trading, moving away from its two-week high reached earlier in Asian markets. This decline, driven by profit-taking, marks the first loss for the dollar in four days. Market participants are now closely watching upcoming US payroll data to gain insights into the Federal Reserve’s monetary policy direction, especially …
Dollar Retreats from Two-Week High on Profit-Taking Read More »
Brent Oil Prices has seen significant fluctuations recently, with Brent crude oil prices dropping to a two-week low. This decline is driven by concerns over potential production hikes by OPEC+ and weaker-than-expected fuel demand in major economies like the US and China. The market’s reaction highlights the delicate balance between supply and demand, as well …
Understanding the Dollars in recent trading sessions, has surged to a two-week high against a basket of major currencies, largely influenced by movements in US treasury yields and anticipation surrounding Federal Reserve monetary policy decisions. The Dollar Index Surge The dollar index climbed 0.2% on Tuesday, reaching 101.86, its highest level since August 20. This …
