Last week, the Egyptian pound experienced a sharp depreciation, falling to around 32 to the dollar from 27.60 at the start of the week. However, by Monday’s close, the pound had rebounded to 29.61 to the dollar. Despite this short-term decline, the Egyptian foreign exchange market has seen an influx of investment in the past …
U.S. stock markets are all down YTD. Gold is also down YTD after the latest downturn. Inflation concerns, recession fears, and most importantly, global equity markets have wiped out $11 trillion in assets over the last 5 weeks. Not an easy environment for investors who need to keep a cool head, especially at this time. …
The dollar strengthened against a basket of major currencies on Wednesday (April 26) as the Federal Reserve (Fed) is expected to raise interest rates at its meeting next month. Meanwhile, as the euro continued to depreciate, there were fears that the European economy will be affected by the war between Russia and Ukraine. The dollar …
The U.S. dollar index appreciated against the basket of major currencies on Monday (April 11), helped by a rise in U.S. Treasury note yields, including predictions that the Federal Reserve (Fed) will accelerate interest rate hikes to curb inflation. The dollar index, which measures the dollar’s movements against six major currencies in a basket of …
Dollar Strengthens as Analysts Expect Further Rise in U.S. Inflation Numbers Read More »
The U.S. dollar strengthened against a basket of major currencies on Friday (April 1), supported by forecasts that the U.S. Federal Reserve (Fed) will accelerate rate hikes after U.S. employment data in March indicated that the labor market and the U.S. economy remain strong. The dollar index against the six major currencies in a basket …
Strong Dollar on the Back of Positive U.S. Economic Data Read More »
The dollar rose to 120 yen, its highest level in more than six years after Federal Reserve Chairman Jerome Powell signaled that the Fed could tighten monetary policy further by raising interest rates by more than 0.25% to curb inflation. Kyodo News reports that the dollar rose from 119.43-119.53 yen to 119.88-119.89 yen in the …
The dollar rose against the euro and the yen on Friday (March 18) after the Federal Reserve raised interest rates for the first time on Wednesday (March 16) and plans more rate hikes this year to curb inflation. The dollar index against the six major currencies in a basket of currencies rose 0.27% to 98.2360. …
U.S. Dollar Stronger After Fed Wants to Finally Tackle Inflation Read More »
The dollar weakened in Asian markets Tuesday morning, as did the Japanese yen and Australian dollar. The recent outbreak of the Covid 19 virus in China has forced some cities to close, but the focus remains on the policy decisions of the U.S. Federal Reserve (Fed). — The U.S. dollar index fell 0.08% against other …
The U.S. Dollar, Yen, and Australian Dollar Weaken Ahead of the Fed Announcement Read More »
The U.S. dollar strengthened against other currencies on Friday (Feb. 18) as investors continued to keep an eye on tensions in Ukraine and bought the greenback as a safe-haven currency. The dollar index, which measures the greenback against six other currencies in a basket of currencies, rose 0.26% to 96.0440. The US dollar strengthened against …
Dollar Rises on Fears of War in Ukraine, Supporting Purchases of Safe Haven Currencies Read More »
The treasurer of the Bank of Ayudhya announced that the baht opened at 32.40 baht/dollar this morning, up from 32.52 baht/dollar. This development counteracts the region’s weakness against the dollar. This is due to foreign capital flowing into the equity and bond markets. “The baht appreciated to a new low in the past 5 months, …
The Baht Continues to Appreciate in the Region with Further Capital Inflows Read More »