Tag: forex

Dollar Demise ?

he S&P/ASX 200 index declined 11 points, or 0.2 per cent, to 6043 while the All Ordinaries lost 10 points, or 0.2 per cent, to 6158. The Australian dollar was at US80.72¢ after US officials’ comments sent the greenback tumbling overnight. US Treasury Secretary Steven Mnuchin endorsed the US dollar’s decline as a benefit to […]

Dollar in the Dumps

US Commerce Secretary Wilbur Ross defended those tariffs and warned Washington would be prepared to fight back in future against countries it felt had flouted the rules. The dollar’s sell-off was also helped by investors betting on tighter monetary policies by major central banks, bringing them in line with the Federal Reserve. The dollar took […]

USD/JPY – Yen Gains Ground as BoJ Cautiously Optimistic

The Japanese yen has posted gains in the Tuesday session. Currently, USD/JPY is trading at 110.33, down 0.46% on the day. On the release front, the Bank of Japan maintained interest rates at -0.10% at its policy meeting. Later in the day, Japan releases Trade Balance and Manufacturing PMI. In the US, the sole event […]

Trading Crude Oil: Top 10 Terminologies you Need to Know

Without a doubt, crude oil is the most important commodity in the world. Without it, other commodities would be difficult to produce on a large scale. For example, it would be impossible to cultivate corn, cotton, and wheat on large scale without using the large diesel-powered machines. Because of the large demand and constrained supply, […]

US Dollar Vulnerable to Political Drama

Central banks and growth indicators to feature alongside Washington Turmoil The USD dollar remains weak versus most majors due to the downward pressure from the threat of a government shutdown. The House of representatives have passed a short term funding bill, but it faces an uphill battle in the Senate with the midnight deadline fast […]