“Surprise oil cut from OPEC+ tampered US dollar’s performance with the market focus shifted towards Canadian dollar instead.” USDCAD extended its previous retracement during the
“Global oil price rebounds following recent developments in the market.” Oil price extended its rise on Tuesday following supply concerns which spur a positive outlook
“Euro slides after ECB member provides her view. All eyes on upcoming developments in between EU and Russia.” Euro extended its losses during the Asian
“Market participants re-evaluate the latest guidance from Federal Reserve, limiting Nasdaq’s current upside bias.” While Nasdaq is on track to close the week higher, investors
“Fed brings forth some dovish signal in their latest policy meeting, spurring significant selloff on the US dollar.” US dollar hits 7-weeks low, a far
“Market is currently expecting a higher chance for 25 basis point rate hike, a shift in expectation due to banking crisis.” US dollar pared some
“This week’s policy meeting by Federal Reserve will be the determination of US dollar’s mid-term direction.” Greenback languished as recent banking crisis reshuffled investors expectation
“Recent banking crisis in the west spurred risk aversion in the market, pushing oil price lower to more than a year low.” Global oil price
“Safe-haven currencies such as Japanese yen received higher demand following Credit Suisse’s banking crisis.” Japanese Yen rose on Wednesday following reports of “weakness” in Credit
“More losses ahead for greenback as investors wait for more signal from Fed.” Greenback weakens further after mixed economic data which push investors to adopt
