Dollar Extends Slide Against Other Major Currencies
The U.S. dollar was weak against most of its rivals on Friday, extending recent weakness, amid a drop in bond…
Jobless Claims Dropped Sharply Last Week
While employment is gaining momentum, layoffs are still happening and are significantly elevated compared to pre-pandemic. For more info about…
XE Market Analysis: Asia – Apr 16, 2021
FX trade was very light in N.Y. on Friday, with narrow ranges the case for most major Dollar pairings. The…
U.S. Consumer Sentiment Improves Less Than Expected In April
After reporting a substantial rebound in U.S. consumer sentiment in the previous month, the University of Michigan released a report…
Instant Reaction: Housing Starts, April 16, 2021
The housing inventory shortage has been pushing up prices, but also holding back home sales. For more info about this…
U.S. Housing Starts Skyrocket To Highest Level Since June 2006
A report released by the Commerce Department on Friday showed a substantial rebound in new residential construction in the U.S.…
Fed standing back as economy shifts into higher gear
The economic data released this week reinforce our view that the recent fiscal stimulus and continued lifting of virus restrictions…
XE Market Analysis: North America – Apr 16, 2021
The dollar has managed to find a toehold, rising above its prior day high for the first time in nine…
GBP/NZD – RBNZ Keeps Policy Stance Unchanged
RBNZ continues with ultra-loose monetary stance GBP/NZD took a strong hit During the monetary policy meeting on Wednesday, the Reserve…
USD/JPY Continues Trading Below 109.00
USD/JPY is trading 0.16% higher to 108.86 after having touched a low of 108.61 on Thursday. The ongoing sell pressure…