Aussie Rebounds Above 0.70 Vs. US Dollar as Job Advertisements Surge

After closing below 0.7000 versus the US dollar for the initial time since July 2020 on Friday, the Australian dollar recovered in the early Asian trading session Monday on the back of encouraging job ads data. In November 2021, job

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Turkish Lira Hits New All-Time Low of 13.90 as Economic Sentiment Hits 5-Month Low

Turkey’s lira fell to a new all-time low of 13.9 per dollar after ratings agency Fitch downgraded the country’s outlook due to concerns associated with monetary policy direction. The credit rating agency upgraded the debt to BB-, citing deteriorating public

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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

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Swiss 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

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Eurodollar 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

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Mexican 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

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Pound 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

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Australian 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

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US 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.

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Malaysian 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

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