Russian Ruble Hits Seven Month Low of 76 per US Dollar
The Russian ruble slid approaching 76 per USD, the lowest since April pulled down by rising geopolitical fears, falling oil prices and global risk aversion due to a new Covid-19 strain identified in South Africa. The ruble plummeted more than
Read MoreSwiss franc Rebounds from 7-month Low as New Coronavirus Variant Increases Demand for Safe Haven Assets
The Swiss franc climbed to 0.926 per US dollar, rebounding from a seven-month low of 0.937 per US dollar reached on November 24th, as investors fled to safety after the discovery of the new Covid-19 type on the market. As
Read MoreEurodollar Hits Fresh 16-Month Low
The euro-dollar exchange rate fell by 0.0009 percent, or 0.08 percent, to 1.1271 on Monday, November 22, after falling to 1.1280 in the previous trading session. The dollar index rose beyond 96 points on Monday, with the US currency trading
Read MoreMexican Peso on Course to Hit Nine-Month Low
The Mexican peso changed hands at 20.85 per USD in mid-November, almost a nine-month low of 20.97 on November 3rd, despite falling oil prices and overall dollar strength as expectations mounted that the Fed will boost rates sooner to combat
Read MorePound Loses Gains Against US Dollar Despite First Rise in Retail Sales in Six Months
The British pound lost all of its recent gains on Friday, falling below $1.35 as traders continued to speculate on the US increasing interest rates quicker than European nations. Sterling rose to its highest level in a week earlier in
Read MoreAustralian Dollar hits Six-Week Low
On Wednesday, the Australian dollar fell to about 0.726 versus the US dollar, a level not seen since early October, as the latest wage growth figures simply met market expectations, frustrating traders who had been counting on robust results opposed
Read MoreUS Dollar Continues to Strengthen on Strong Economic Data
The US dollar index climbed over 96 on Wednesday, reaching levels previously seen in July 2020, after economic data revealed that US retail sales grew more than anticipated, putting further pressure on the Federal Reserve to raise interest rates sooner.
Read MoreMalaysian Ringgit’s Trend to be Decided by Multiple External Factors
As per an economist, the ringgit is forecast to be affected by external forces next week, with investors having a close watch on retail sales data from the United States. When queried if the ringgit would stay weak in the
Read MoreTurkish Lira Plunges to Over 10 Per US Dollar
The Turkish lira depreciated above 10 versus the US dollar in the second week of November, setting a new record low, as fears rose that the central bank will lower interest rates further despite growing inflation and general dollar strength
Read MoreEuro Hits More than One-Year Low Against US Dollar
The euro fell to below $1.15 in the second week of November, its lowest level since July 2020, after the United States reported higher-than-expected inflation, which fueled a rise in the dollar. Meanwhile, policymakers at the European Central Bank (ECB)
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