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Market News

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US Dollar Restrained by Powell's Statement Dec 4 2023    
US Fed Chairman Jerome Powell admitted that restrictive monetary policy has slowed the US economy.
USD/CAD Slides Due to Canadian Labor Data Dec 2 2023    
The Canadian dollar was strong, as the BoC could keep interest rates high amid the current situation of the Canadian labor market.
Eurozone Inflation Falls, EUR/USD in Trouble Nov 30 2023    
The Eurozone's inflation rate slipped from 2.9 percent to 2.4 percent on an annual basis, causing the euro to weaken against all other majors.
US GDP Holds Dollar at Three-Month Low Nov 30 2023    
The US dollar exchange rate gained slightly in response to yesterday's US GDP report. Unfortunately, there is still uncertainty regarding the Fed's interest rate outlook.
NZD/USD Stands Thanks to Central Bank's Hawkish Stance Nov 29 2023    
NZD/USD hit a new high above the 0.6200 threshold in the Asian session, as New Zealand's central bank (RBNZ) looks to raise its interest rate again.
US Housing Data Mixed, Dollar Stagnates Nov 27 2023    
Today's two US housing data failed to be a catalyst for the US dollar. Building Permits increased, but New Home Sales fell.
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US Dollar Tumbles on Thanksgiving Holiday Nov 24 2023    
The US dollar weakened due to tight market liquidity, worse US economic data, and strength in several other major currencies.
Reuters: The World Won't Have a Recession Next Year Nov 24 2023    
Global economic projections for 2024 are weakened, but the majority of experts believe there will not be a severe recession.
GBP/USD Supported by UK Business Recovery Nov 23 2023    
GBPUSD was boosted due to PMI data and statements from UK central bank officials but burdened by projections for the UK economy in the future.
Dollar Rebounds Due to November FOMC Minutes Nov 22 2023    
The FOMC minutes reconfirmed that the Fed's interest rates will remain restrictive, even if the central bank does not raise interest rates again.
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