WTI crude oil trades lower despite the weakness in the US dollar. The greenback holds an inverse relationship with the commodities. Further, increased API inventories and a gloomy global economic outlook weighed on the demand scenario. The US dollar trades …
The shared currency rallied more than 1% on Tuesday. The move is sponsored by the dual factor of the weakness in the US dollar and the ECB’s larger rate hike expectations. The pair spiked near one week-high at 1.0269. The …
The Sterling outperformed the G-10 currencies as the fresh trading week begins. A correction in the U.S dollar and risk-on mood supported the move in the Britain Pound. Investors assessed the impact of the Fed interest rate hike. However, a …
XAU/USD beating continues for the fifth consecutive week. The precious metal loses its sheen as investors are shunned from the asset. The exponential rise in the US dollar since March 2022 brings a rout in the financial market. Why USD …
The Yen continued its decline against the U.S dollar, refreshing the 24-year low at 138.00. The depreciation that began in late May shows no sign of exhaustion as it dropped to the levels last seen in September 1998. What drives …
The shared currency continues to grind lower as the fundamentals still favor the bears. The recession fears, the monetary policy gap between Euro Zone and the U.S, and the energy crisis kept the pressure on the Euro intact. The primary …
The U.S dollar continues to reign its supremacy against all majors, specifically Yen on Monday while extending the previous week’s gains. Investors assessed the impact of the Bank of Japan (BoJ) policy passivity and the unfortunate assassination of former Prime …
