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The news and analysis archive

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The news and analysis archive
24
Jun

German Ifo Survey, U.S. New Home Sales, Consumer Sentim...

While the Indian rupee traded this week at a new low against the dollar, Bloomberg quotes an analysis by Bank of America indicating that a further devaluation is possible given the...

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23
Jun

U.S. Current Account, Jobless Claims, Japan CPI, EIA Oi...

The U.S. dollar traded once again moderately lower as reflected by the market move in the USDX Index. At the same time the AUD/USD and NZD/USD pairs traded clearly lower while GBP/...

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22
Jun

UK Inflation, API Oil Data, ECB Meeting, Fed Chair at C...

After trading within a fairly restricted range to the upside over the past week the USD/TRY broke out higher on Tuesday, trading at its daily peak at times close to the 17.5-mark. ...

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21
Jun

U.S. Existing Home Sales, Canada Retail Sales, NZ Trade...

As many major crypto coins continued to recover, the estimated total crypto market cap surged well above the $950 billion mark after over the weekend the metric at times was depres...

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20
Jun

German PPI, Cryptos rebound from low, U.S. Holiday

While the U.S. dollar strongly rebounded against some majors like the Japanese yen (JPY) with the USD/JPY pair trading by Monday morning not far from the recent high and other majo...

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17
Jun

U.S. Industrial Production, Capacity Utilization, EU CP...

Markets moved quite mixed especially in the emerging market bracket. Pairs like the USD/MXN and USD/ZAR rebounded higher despite the weakness of the dollar, while others including ...

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16
Jun

BoE Decision, U.S. Housing Starts, Jobless Claims

Despite the Federal Reserve announcing an increase in interest rates by 75 bp, which represents the biggest increase since 1994, dollar markets were fairly calm and the greenback e...

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14
Jun

German ZEW Economic Sentiment, US monthly PPI and Core ...

The dollar continues to gain strength on Monday, with the dollar index (USDX) ending the day 0.7% higher touching fresh 20-year highs as investors look ahead to the upcoming Fed me...

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10
Jun

China renews Covid restrictions, US Consumer Price data...

The dollar index (USDX) broke the tight trading range seen since Monday and moved 0.7% higher on Thursday, touching levels last seen three weeks ago. On Thursday, the long awaited ...

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9
Jun

ECB Monetary Policy Statement and Press Conference, US ...

The dollar index (USDX) that measures the performance of the US dollar against a basket of major currencies is seen trading in a tight range between 101.88 and 102.87 since Monday ...

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8
Jun

EU Revised GDP and Quarterly Employment Change, EIA Wee...

The dollar index (USDX), after reaching a two-week high early on Tuesday, finally retraced to end the day moderately lower. The U.S. currency remains elevated against most of its m...

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7
Jun

RBA raises rates by most in 22 years, Treasury secretar...

The dollar index ended Monday moderately higher but continued to gain into the Asian trading hours on Tuesday, with the greenback hitting fresh two-decade highs versus the yen, as ...

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6
Jun

Cryptos Recover, High Turkish Inflation, RBA Decision

The USD/TRY rate continued moving to the upside while the Turkish consumer price index (CPI) reached an annualised inflation of 73.5% and given the rather low central bank rates fo...

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3
Jun

Eurozone PMI, Non-Farm Payrolls, U.S. Unemployment Rate

The U.S. dollar traded overall weaker against all other major currencies with the USDX index retracing even below its level from Tuesday before the rally of that day. Despite the w...

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2
Jun

ADP Employment Report, Nonfarm Productivity, OPEC Meeti...

While the U.S. dollar strongly appreciated against other major currencies like the Japanese yen (JPY) and the pound sterling (GBP) on Wednesday, the results among emerging countrie...

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1
Jun

BoC Decision, ISM Manufacturing Index, Eurozone PMI

The U.S. dollar started to appreciate on Tuesday after the recent losing streak for the greenback. Not only other major currencies were trading mostly lighter against the greenback...

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31
May

European CPI, France and Italy GDP, U.S. House Price In...

The dollar overall continued to devaluate against other major currencies on Monday as seen in the performance of the USDX index, while multiple a similar trend could be observed am...

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30
May

Italy PPI, Germany CPI, Japanese Industrial Production

The Turkish lira (TRY) stabilised on Friday, remaining consistently below the 16.5-mark in the USD/TRY pair. Despite the relative weakness of the dollar the lira was significantly ...

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27
May

PCE Price Index, Personal Income, Consumer Sentiment

While the dollar overall weaker against other major currencies as seen in the performance of the USDX, among emerging markets the trend was a bit mixed. The USD/CNH pair continued ...

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26
May

U.S. Jobless Claims, Home Sales, Canadian Retail Sales

The U.S. dollar started to recover on Wednesday from the four weeks low seen in the USDX index earlier this week. The greenback moved also stronger against multiple emerging market...

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