Swedish Krona Hits 11/2-yr Low Despite Manufacturers’ Confidence Hitting Record High

The Swedish krona hit a one-and-a-half-year low despite the release of a series of upbeat data for July. Specifically, the country’s industry confidence has hit a record high in July as manufacturer’s sentiment made a new historical high. The second-quarter

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US Dollar Strengthens on Hints of Policy Tightening by FOMC Minutes

The US dollar index was changing hands at about 93.43 against a bouquet of currencies on Thursday, up from 93.1 in the previous session and floating near its peak point since the final week of March, after minutes from the

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US Dollar Hits One-Week Low as Consumer Sentiment Hits Decade Low

The dollar index fell to new weekly lows in the 92.40 range on Friday, tracking Treasury yields, as fund managers responded to unimpressive sentiment info. Consumer confidence in the United States fell to 70.2 in August, far below market forecasts

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Aussie Remains Weak on Slow Covid-19 Vaccine Roll Out

According to an expert at one of Australia’s biggest banks, the Aussie will stay restricted for “some time ahead,” owing to a sluggish vaccination rollout. In a study paper presented, Richard Franulovich, Head of FX Strategy at Westpac, states that

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Swiss Franc Continues to Decline After Hitting 1-1/2 Month High

The Swiss franc traded at 0.9150 per US dollar, falling further from a 1-1/2-month high of $0.9010 recorded earlier in August as speculators rushed into the dollar on hopes of a much more hawkish Fed after a strong US employment

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US Dollar Strengthens on Fed Vice Chairman’s Hawkish Statement

According to Federal Reserve Vice Chairman Richard Clarida, the central bank is on track to meet its economic goals by the end of 2022 and begin increasing benchmark interest rates once more in 2023. While he said the labor market

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China’s Manufacturing Growth Hits 17-Month Low

The Chinese National Bureau of Statistics (NBS) manufacturing PMI declined to 50.40 in July, from 50.90 in June and missed market forecasts of 50.80. The reported reading reflects the weakest rate of growth in factory activity following a contraction in

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Aussie Declines On Rising Covid-19 Cases & Two Month Low Iron Ore Prices

The Australian dollar declined against the dollar, the pound, and other major currencies as the price of iron ore with a 63.5% iron content for delivery to Tianjin tumbled to near $200 a ton, the lowest since the last week

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US dollar Strengthens on Increasing Demand for Safe Haven Assets

The dollar index has continued to rise, approaching a four-month peak of 93.19 reached on Wednesday, as appetite for safe-haven assets remained strong amid concerns over the Delta COVID-19 variant’s rapid spread. Furthermore, while worries about the US economic rebound

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Aussie Remains Weak as Covid-19 Delta Variant Threatens RBA Plans

The Australian Dollar’s trend remains bearish for the time being, according to Morgan Stanley analysts, who are apprehensive about the “asymmetric” problems faced by the economy due to rise in infections caused by the Covid-19 Delta variant. The financial firm

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