Euro falls broadly today on expectation that EU is going to impose another round of sanctions against Russian following war crimes in Ukraine. Additionally, investor confidence data indicates the war in Ukraine is pushing Eurozone into recession. Sterling and Swiss Franc are broadly weak too. Commodity currencies are currently the stronger ones while Dollar and
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Australian Dollar rises broadly after a hawkish twist in RBA statement, which hints at earlier rate hike. New Zealand Dollar is following closely as second strongest for now. On the other hand, Dollar and Euro are under some selling pressure. Yen and Swiss Franc are mixed, awaiting more guidance from overall risk sentiment. Technically, focus
Euro is trading broadly lower today, as EU announces the fifth package of sanctions against Russia. As European Commission President Ursula von der Leyen said, “Russia is waging a cruel, ruthless war, also against Ukraine’s civilian population.” The sanctions include ban of Russia coals, access to EU ports and transaction banks of four key Russian
Dollar trades broadly higher overnight together with treasury yields on hawkish comments from Fed officials. The green back remains firm in Asian session today. Though, Aussie remains the strongest one for the week so far, followed by Kiwi. Euro is the worst performing one, followed by Yen and then Swiss Franc. Technically, EUR/USD’s break of
Swiss Franc falls broadly today as other parts of the markets turned mixed. US treasury yield extends its sharp rally. But the impact on Dollar is some what offset by impressive rally in Germany and UK yields too. Euro recovers mildly but remains the worst performing one for the week, followed by Yen, and then
Markets are clearly in some risk aversion actions after Fed laid out the balance sheet runoff plan. Nikkei is leading other Asian stocks lower, after US indexes tumbled overnight. Australian Dollar is dragged down by the sentiment, followed by Kiwi and Loonie. On the other hand, Euro is recovering mildly for today. But for the
Dollar remains generally firm entering into US session, even though upside momentum is diminishing slightly against European majors.Meanwhile weakness in commodity currencies persists, with Aussie being the worst one. Yen is mixed for now but should remain vulnerable on exceptional strength in global benchmark treasury yields. Technically, focuses firstly stays on commodity-dollar pairs. In particular,
Overall, the markets are rather steady so far in the last trading day of the week. Major Asian indexes are treading water. That followed a late rebound in US markets overnight. Euro weakens mildly and remains the worst performer for the week, followed by Yen and Swiss Franc. Dollar is still the strongest one, support
Canadian Dollar rises slightly after solid job data, but Dollar is also firm. The greenback is on track to end as the strongest one for the week, with help from extended rally in treasury yields. On the other hand, Sterling is under some selling pressures but Euro is still the worst performing one. Aussie is
Dollar was initially mixed last week but buyers jumped in after FOMC minutes revealed the quantitative tightening plan. US benchmark treasury yields also surged to highest level since 2019. Both Canadian and Australian Dollars followed as second and third strongest. Aussie was boosted by RBA’s hints on earlier rate hike while Loonie was supported by
San Francisco Federal Reserve Bank chief of research Mary Daly stands near the podium before a speech at the CFA Society in San Francisco, California, U.S. July 10 2018. Ann Saphir | Reuters San Francisco Fed President Mary Daly is worried about inflation, telling an audience Tuesday that the high cost of living is causing
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022. Joshua Roberts | Reuters If there was any question about where the Federal Reserve stands on the key issue of the day
NEW YORK, NEW YORK – SEPTEMBER 27: Philadelphia Federal Reserve President Patrick Harker visits “Mornings With Maria” at Fox Business Network Studios on September 27, 2019 in New York City. (Photo by John Lamparski/Getty Images) John Lamparski | Getty Images Entertainment | Getty Images Philadelphia Federal Reserve President Patrick Harker joined the chorus of central
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Janet Yellen testifies Wednesday before the House Financial Services Committee on the state of international finance. In remarks prepared for the hearing, Yellen in particular noted the impact
U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on “the State of the International Financial System,” on Capitol Hill in Washington, U.S., April 6, 2022. Tom Brenner | Reuters Treasury Secretary Janet Yellen cautioned Wednesday that Russia’s attack on Ukraine could cause a major hit to the global economy. “Russia’s
Federal Reserve officials discussed how they want to reduce their trillions in bond holdings at their March meeting, with a consensus amount around $95 billion, minutes released Wednesday showed. Officials “generally agreed” that a limit of $60 billion in Treasurys and $35 billion in mortgage-backed securities would be allowed to roll off, phased in over
The labor market tightened further last week, with initial jobless claims falling to their lowest level in more than 53 years, the Labor Department reported Thursday. Initial filings for unemployment dropped to 166,000, well below the Dow Jones estimate of 200,000 and 5,000 under the previous week’s total, which was revised sharply lower. The department
James Bullard Olivia Michael | CNBC The Federal Reserve needs to raise interest rates substantially to control inflation but may not be as “behind the curve” as it appears, St. Louis Fed President James Bullard said Thursday. One of the Federal Open Market Committee’s most “hawkish” members in favor of tighter policy, Bullard said a