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News2021-02-10T08:31:34+00:00

News 31/03/2022

USD The US dollar registered another session of losses as dollar demand remained subdued on the back of increased risk appetite, which saw market participants steer away from the haven.  The dollar index drifted away from its intraday high of 98.430, further weighed by US economic data on the day, with the Q4 Gross Domestic Product print downwardly revised to 6.9% from a prior 7% and softer ADP Payrolls print, sparking growing concerns of a recession.  The dollar index touched a low of [...]

By |April 11th, 2022|

News 30/03/2022

USD The US dollar paused from its recent rally, prompted by promising peace talks between Russia and Ukraine which ignited hopes to an end of Russia’s prolonged invasion.  A decline in the Consumer Confidence Index from a prior high of 110.50 to 107.20, also added salt to the dollar’s wounds.  After opening at 99.076, the dollar index retreated to a low of 98.037, to end the session at 98.404. EUR The euro finally broke out, rallying to a high of $1.1136, steered by [...]

By |March 30th, 2022|

News 29/03/2022

USD The dollar edged higher, breaking through the 99 handle, marking its territory as a safe-haven as dollar demand dominated throughout the session.  A rise in treasury yields post the accelerated sell off in JPY bond yields, further lockdown restrictions in China and elevated expectations of extra tightening  from the Fed lent support to the dollar’s rally.  The dollar index rose to a high 99.369 and closed the day at 99.091. EUR The single currency started the week on the backfoot as positive [...]

By |March 29th, 2022|

News 28/03/2022

USD The dollar ticked higher against a basket of its peers, rising to high of 98.834 in Friday’s session buoyed by rising crude prices, a slight decline in the U Mich Sentiment data did little to dent the dollars allure.  After opening the session at 98.749 the dollar index touched a low of 98.400 and ended the session relatively flat at 98.789. EUR The euro was on the upward trend at the start of the session and posted marginal gains but failed to [...]

By |March 28th, 2022|

News 24/03/2022

USD The dollar advanced in yesterday’s session, challenging the 99  zone once again, following the anticipated arrival of the US President in Brussels along with other western leaders to discuss further targeted sanctions against  Russia.  The dollar index rose to a high of 98.883 and ended the session at 98.622.  EUR The euro tracked lower for a 3rd consecutive session pressured by a stronger dollar.  The single currency was further weighed by a decline in Eurozone Consumer Confidence print of  -18.7 from a [...]

By |March 28th, 2022|

News 23/03/2022

USD Following a great start to the day, the dollar struggled for the better part of the session and ultimately gave up all its initials gains during late trades. Despite the rising prospect of a 50 bps increase by the Fed, and the pressure from the prolonged Russian invasion into Ukraine, risk appetite seemed comfortable in global markets yesterday. The US dollar wasn’t the only safe haven that came under pressure on the day, we also saw gold remain range-bound for a 5th [...]

By |March 28th, 2022|

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