Dollar declines, euro rises. Forecast as of 01.02.2023
2023.02.01 2023.02.01 Dollar declines, euro rises. Forecast as of 01.02.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Due to the later lifting of COVID-19 restrictions, the eurozone lagged behind the US in economic growth in 2021, but in 2022 it caught up with its counterpart. The same applies to the monetary policy of the Fed and the ECB. How does its […]
Dollar rises as market takes 4Q GDP in its stride By Investing.com
© Reuters. By Geoffrey Smith Investing.com — The dollar edged higher in early trade in Europe on Friday, but was still on course to end the week lower as the market consolidated around expectations of a smaller increase in interest rates from next week’s Federal Reserve meeting. The release of slightly stronger than expected fourth […]
Asia FX rises in holiday trade as China recovery bets grow By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies strengthened in thin trade on Monday, while the dollar weakened further amid growing bets that the Chinese economy will bounce back this year, with focus also turning to key U.S. data due this week. Regional trading volumes were limited with most markets closed for the […]
Bitcoin rises 2.3% to $23,199 By Reuters
© Reuters. FILE PHOTO: A representation of bitcoin is seen in an illustration picture taken on June 23, 2017. REUTERS/Benoit Tessier (Removes extraneous word in para 3) (Reuters) – rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 40.6% from […]
Bitcoin rises 6.2 percent to $22,401 By Reuters
© Reuters. FILE PHOTO: Bitcoin are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic (Reuters) – rose 6.24 % to $22,401 at 22:07 GMT on Friday, adding $1,315 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 35.8% from the year’s low of $16,496 on Jan. 1. Ether, […]
USD/CHF rises to two-day highs near 0.9250
Swiss Franc among worst performers on Friday. USD/CHF heads for weekly loss, but off lows. EUR/CHF extends rebound, approaches parity. The USD/CHF is up on Friday, but still down for the week. The pair surged to 0.9234, hitting the highest level in two days and then pulled back toward 0.9200, amid a weaker US Dollar. […]
Market Update – January 19 – Stocks sink, USD rises after weak data & JPY bounces back
Weak data (Retail Sales & PPI) from the US added to recession worries – More Hawkish comments from a raft of FED speakers talking 5.25-5.5% terminal rates added to a safe haven bid for the USD, caused Stock markets to collapse (-1.24% to -1.81%) under key technical levels and speculators to back the YEN and […]
USD/JPY rises back above 128.50 on broad US Dollar strength, ahead of the BoJ’s meeting
The USD/JPY traded below 128.00 for the first time since June 2022. USD/JPY traders are bracing for the Bank of Japan’s monetary policy meeting on Wednesday. USD/JPY Price Analysis: Downward biased; it could test 125.00 in the near term. The USD/JPY recovered after hitting an eight-month low around 127.21, reclaiming 128.00 and advancing sharply toward […]
Asia FX rises, Japanese yen hits over 7-mth high on BOJ speculation By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies advanced against the dollar on Monday, cheered largely by the prospect of smaller interest rate hikes by the Federal Reserve, while speculation over another hawkish move by the Bank of Japan pushed the yen to an over seven-month peak. The rose 0.4% to 127.32 against […]
Bitcoin rises 5.6% to $21,044 By Reuters
© Reuters. FILE PHOTO: Bitcoin are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic/File Photo (Reuters) – rose 5.58% to $21,044 at 2344 GMT on Saturday, adding $1,113 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 27.6% from the year’s low of $16,496 on Jan 1. Ether, […]