Dollar Strengthens Against Rivals as Market Bets 50bps Rate Hike in May
In the the US session Friday, the greenback strengthened versus most of its key peers, as the US government rates increased amid rising anticipation that the Federal Reserve would tighten monetary policy forcefully to combat rising inflationary pressure. The 10-year
Read MorePound Signals Rally Against Dollar as Fed Rate Hike Fueled Rally Hits its Peak
According to some experts, the Dollar will find it difficult to prolong a multi-month uptrend as the market appears to have reached ‘maximal hawkishness’ in its estimates of future Federal Reserve interest rate increases, while others question the concept that
Read MoreAussie Weakens on Rising Covid-19 Cases in China
While officials in China try to claim on a zero-covid strategy, Chinese share prices have fallen and the Australian dollar has fallen as a result of this uncertainty. An additional 5.68 percent plunge in the Chinese A50 and a fresh
Read MoreStrengthening of Pound against Euro is Fueled by Worries Over Intensified Ukraine-Russia War
While there were concerns that the conflict in Ukraine was about to escalate dramatically, experts cut their projections for the European currency, pushing the pound to euro exchange rate over the 1.21 mark. Following reports that Russia had attacked Europe’s
Read More
