Recession calls have grown louder, supported by another round of disappointing business sentiment data this week. Traders expect dollar selling DotBig account intervention by the central bank to slow the slide in the rupee but expect it to touch levels of 80 to the dollar in the near future.
A reliable https://www.yeahhub.com/dotbig-ltd-review-things-to-learn-about-the-company/ site will keep you informed so that you are not caught by surprise when there is a major market movement. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. Yesterday’s US inflation data spurred market expectations that the Fed will raise rates by 100 points at the end of July, although about a month ago, Powell called a 75-point increase abnormal. Designed for new and developing traders, MarketMilk™ is a visual technical analysis tool that simplifies the process of analyzing market data to help forex and crypto traders make better trading decisions. The strong US Dollar continues to advance, causing the EUR/USD currency pair to briefly touch and test parity yesterday at $1.000, and pushing the GBP/USD currency pair to another new 2-year low. The Dollar fell later but began to gain again during the Asian session.
Forex Today: Dollar Bends But Does Not Break
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- US consumer inflation hit a 41-year high and beat forecasts, reaching 9.1% y/y in June against 8.6% a month earlier and expected an increase to 8.8%.
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- Australian employment sparkles It has been a week of the good and the bad/ugly from Australian releases.
- By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Wednesday, while the euro languished close to parity ahead of the release of key U.S. inflation…
Both earnings per share and revenues for the quarter missed analysts’ expectations. A report released by the Labor Department on Thursday showed U.S. producer prices increased by more than expected in the month of June. The Labor Department said its producer price index for final demand jumped by 1.1 percent in June after climbing by an upwardly revised 0.9 percent in May. By Peter Nurse Investing.com – The U.S. dollar climbed to a fresh new 20-year Forex high in early European trade Tuesday, with the euro falling close to parity on global growth worries,… By Yasin Ebrahim Investing.com – The euro hit parity against the dollar for the first time in two decades Tuesday, but there could be more pain to come in the coming days as the… LONDON – Europe’s single currency has dropped below parity against the dollar for the first time in almost 20 years, battered by growing recession fears in the euro…
Canadian Dollar Drops As Oil Prices Tumble On Concerns Over Steep Fed Rate Hike
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The Bank of Canada is expected to hike its Overnight Rate later today by 0.75% to 2.25%. U.S. Treasury Secretary Janet Yellen has warned that inflation in the U.S. is unacceptably high and said bringing down rising prices will be Washingtons top priority. Data … Breaking news is defined as new information that has market-moving potential. By Zhang Mengying Investing.com – The dollar was up on Friday morning in Asia, but moves were small as some recession fears eased on optimistic speeches from U.S. By Peter Forex Nurse Investing.com – The U.S. dollar edged lower in early European trade Friday, with the safe-haven Japanese yen seeing strong demand in the wake of the shooting of… LONDON – Global rules would allow central bank digital currencies to operate smoothly cross-border and speed up wholesale payments, a think tank backed by the City of… By Gertrude Chavez-Dreyfuss NEW YORK -The U.S. dollar was little changed against a basket of currencies on Friday ahead of the weekend following a choppy session that…