Tag: energy
MUFG: Weak U.S. economic data unlikely to change dollar’s trend
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The us dollar index hit a high of 109.27 yesterday, close to the year's high of 109.29, but weak U.S. housing data and U.S....
Even ECB rate hikes won’t stop the euro from plunging
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On August 24, the euro was hovering below parity against the dollar after its recent slump, and even a sharp interest rate hike by...
Euro, yen weaken, dollar index rises
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On Wednesday (August 24), EURUSD opened at 1.1766 and temporarily reported at 0.9945. The dollar index temporarily reported 108.73. USD/JPY temporarily reported 136.94. There...
Work stoppages tighten markets further, European gas continues to surge
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On August 24, the gas market was further tightened by prolonged shutdowns of plants in the United States and Norway, exacerbating a rise in...
Europe’s worst drought now, euro could hit new lows
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Today on Wednesday (August 24), the euro/dollar bottomed out and rebounded. It is currently trading around 0.9969. The euro was quoted at 0.9945 against...
Eurozone economy weakened by energy crisis
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On Wednesday (August 24), the opening price of the euro and the dollar was 1.1766, the closing price was 0.9968 yesterday, and the temporary...
Moderate exchange rate fluctuations are conducive to keeping the economy operating within a reasonable range
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The strength of the US dollar reappeared. Yesterday, the US dollar index broke through the 109 mark in intraday trading, hitting a new high...
Norway’s natural gas production is expected to hit a new high this year, can it solve the European energy crisis?
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Norway plans to keep natural gas production at current high levels through 2030 as Europe plans to cut imports from Russia due to the...
The S&P 500 index has three consecutive yin, and the uncertainty of interest rate hike is fermenting
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U.S. stocks opened flat on Tuesday, with the Dow and S&P 500 falling for three straight sessions. As of the close, the Dow fell...
Hedge Fund Turn! Record position bets on Fed’s ‘hawk’ this week
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Investors who were betting on a shift in Fed policy last week suddenly reversed their expectations ahead of the annual meeting of central banks...
Citi analyst: Don’t buy in current stock rally, expect bad news
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Citigroup Beata Manthey said she's not buying in the current rally because she's worried the stock market has gone too far and there's more...
Euro remains weaker after Eurozone PMI data
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On August 23, the euro remained weaker as a measure of activity in the euro zone's manufacturing and services sectors fell to an 18-month...