The US dollar has shown signs of stabilization following hawkish sentiments from Federal Reserve officials, including Jerome Powell, who suggested potential future rate hikes. This follows a period of decline triggered by steady policy rates and a cooling US labor market. On Tuesday, November 7, the rose by +0.33%, influenced…

The Nigerian naira experienced a significant depreciation against the US dollar in the forex markets and the parallel market on Tuesday. According to data from FMDQ Securities Exchange, the naira fell from its previous day rate of 780.09 to an end-of-day rate of 809.2 per USD. The parallel market rates…

Investing.com – The U.S. dollar edged higher in early European trade Wednesday, picking up ahead of a key speech from Fed Chair Jerome Powell later in the session.  At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six other currencies, climbed 0.2% to 105.587,…

ZURICH (Reuters) – The Swiss National Bank responded on Wednesday to the U.S. Treasury removing Switzerland from its monitoring list of countries that appeared to be manipulating their currencies. The SNB said it noted the decision, which came in the Treasury’s semi-annual report into the currency policies of the United…

The Bangladeshi Taka continues to depreciate against the US dollar, leading to heightened financial strain for businesses and economic repercussions. Today, the interbank exchange rate stands at Taka 111 per dollar, with some banks collecting remittances at rates up to Taka 117 per dollar, and open market trading at Taka…

Investing.com– Most Asian currencies moved little on Thursday as disappointing inflation data from China weighed on sentiment, while weakness in the Japanese yen saw traders on edge over any government intervention.  The dollar was steady in Asian trade, sticking to a recent rebound as Federal Reserve officials continued to offer…

Investing.com – The U.S. dollar edged lower in early European trade Wednesday, handing back some of the previous session’s gains, but activity is limited as traders look for more monetary policy cues from speeches by a series of central bankers, including Fed Chair Jerome Powell.  At 03:20 ET (07:20 GMT),…

The exchange rate experienced a slight rebound on Thursday despite global cautious trading and enduring market volatility. The rate appreciated by 0.4% to $1.2261 after initially dipping. This movement was influenced by the USD’s strength against riskier currencies, which was tempered by dovish remarks from Federal Reserve officials. Policymakers such…

The currency pair experienced a rebound from its weekly lows, trading higher near 0.5930 during the Asian session on Thursday, Nov 09, 2023. The rise was attributed primarily to a weakening US dollar rather than the impact of China’s mixed economic data. This data included a 0.2% yearly fall in…

Today, as the North American trading session commenced, the New Zealand Dollar (NZD) demonstrated strength while the British Pound (GBP) lagged. The U.S. Dollar (USD) exhibited mixed performance against various currencies, with rebounding due to the impact of the Federal Open Market Committee (FOMC) decision. China’s economic situation continues to…