Tag: dollar
Dollar Strengthens Ahead of Inflation Data, Bitcoin Achieves Two-Year High
Jennifer -
The dollar experienced a surge against the euro and yen as investors positioned themselves for impending U.S. and European inflation data scheduled for Thursday....
Japanese Yen Surges Against Dollar as BOJ Official Advocates Policy Overhaul
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The Japanese yen experienced a substantial strengthening against the dollar on Thursday, breaching key levels following a call from a Bank of Japan (BOJ)...
Asia FX Market Subdued Ahead of US Inflation Data; Yen Surges on BOJ Remarks
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In the Asian foreign exchange market, movements were muted on Thursday with the dollar stabilizing ahead of crucial U.S. inflation figures, while the yen...
Dollar Slips Against Yen After Japan Inflation Beats, U.S. Durable Goods Fall
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The dollar eased against the Japanese yen after data revealed that Japan's core consumer inflation exceeded forecasts, while U.S. durable goods orders fell more...
Asia FX Moves in Flat-to-Low Range; Kiwi Slides on Less Hawkish RBNZ
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Most Asian currencies traded in a flat-to-low range on Wednesday, with the dollar strengthening as markets awaited more cues on the U.S. economy and...
Oil Prices Dip Amid Potential Build in U.S. Inventories and OPEC Optimism
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Oil prices experienced a slight decline in Asian trade on Wednesday, influenced by signs of a significant weekly build in U.S. inventories and a...
What backs the US dollar?
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The US dollar (USD) stands as a global powerhouse, serving as the world's primary reserve currency and facilitating international trade. Its widespread use in...
What is the richest currency in Asia?
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Asia is home to some of the world's most vibrant economies and thriving financial markets. With diverse cultures, histories, and economic landscapes, the continent...
Gold and Silver Prices Decline on Technical Selling
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Gold and silver prices experienced declines in midday U.S. trading, primarily driven by chart-based selling in a relatively subdued market. April gold was down...
India’s Central Bank Lifts Restrictions on Forex Non-Deliverable Forward Arbitrage by Banks
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India's central bank, the Reserve Bank of India (RBI), is reportedly easing restrictions on banks' arbitrage trades involving the outright foreign exchange over-the-counter (OTC)...
Dollar Retreats Ahead of Key Economic Data in a Packed Week
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The dollar saw a mostly lower performance as market participants anticipated U.S. durable goods orders and crucial inflation data later in the week, which...
Asian Currencies Edge Higher as Dollar Eases; Yen Buoyed by Steady Inflation
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Most Asian currencies experienced modest gains on Tuesday, finding relief in the mild decline of the dollar ahead of a crucial inflation reading that...