Day: March 7, 2022
Dollar Index : Dollar Continues to Advance on Risk Aversion and Rising Hopes for Fed Rate Hikes
The dollar maintains firm tone against of basket of its major counterparts and extended gains to the highest since May 2020 on Monday. High uncertainty over the war in Ukraine and pessimistic tone on soaring energy prices and expectations for further negative impact from the sanctions imposed on Russia, particularly on the EU, keep investors …
Aussie Coming Off Sizzling Week
The Australian dollar has taken a breather, as it trades just slightly below the 0.74 line. AUD/USD has posted small losses on Monday, after posting impressive gains of 2% last week. The war in Ukraine has dampered risk appetite, which in normal times would hurt the risk-sensitive Australian dollar. These are, of course, far from …
Euro Paring Losses as Markets Digest Wild Moves
Entering into US session, markets are starting to digest the steep moves made earlier today. Euro is paring some losses and it’s indeed trading in black against Sterling, Swiss and Yen at the time of writing. Swiss Franc has apparently turned weaker, probably on concern that SNB could intervene any time market stabilizes. Nevertheless, Aussie …
Euro and Sterling Dive, Oil and Gold Surge
Moves in the markets are intensifying as another week starts, as Russia’s invasion on Ukraine continues. US and allies rejected Ukrainian President Volodymyr Zelenskyy’s plea for creating a no-fly zone over the country. But they’re now considering to step up sanctions on Russia by banning its oil exports. Asian stocks are trading in deep red while …
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