Archive for Category: Market Outlook Forex

Canadian dollar

Canadian dollar to strengthen as BoC moves ‘aggressively’ on rate hikes

USDCAD is trading up 0.03% at 1.2572 The Canadian dollar will gain ground over the coming year as high commodity prices bolster Canada’s economic outlook and the Bank of Canada likely continues to raise interest rates aggressively, a Reuters poll showed. The loonie is the only G10 currency to...

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Dollar Index

Dollar edges back towards the one-month low

Dollar Index is trading down 0.22% at 101.75 The U.S. dollar edged back towards a one-month low on Thursday, as minutes from the Federal Reserve’s May meeting contained few surprises, with most participants favouring additional 50 basis point rate hikes at the June and July meetings. The dollar index,...

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U.S. dollar

Dollar up after biggest drop in 2 months as Fed’s Powell reaffirms hawkish outlook

DOLLAR INDEX is trading up 0.34% at 103.525 The U.S. dollar edged higher on Wednesday, a day after posting its biggest single-day drop in more than two months after U.S. Federal Reserve chief Jerome Powell struck a more hawkish tone as the central bank battles to rein in surging...

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Australian dollar

Dollar firm at 2-decade highs as Aussie

AUD/USD is trading down 0.06% at 0.6932 The Australian dollar and the Chinese yuan came under pressure from weak Chinese economic data on Monday, while the U.S. dollar consolidated gains near a 20-year peak. Comments by ECB policymaker Francois Villeroy de Galhau that the euro’s weakness could threaten the...

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Dollar Index

Dollar hits two-decade high, rattled investors plump for safe haven

Dollar Index is trading up 0.40% at 104.30 The dollar rose to fresh two-decade highs on Thursday as concerns that tighter monetary policies to tame surging inflation will hurt the global economy dampened risk sentiment and drove investors into safe-haven currencies. Data on Wednesday showed U.S. consumer price growth...

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