The USD is on the Back Foot as Risk Appetite Kicks in Ahead of Today’s Stats

Earlier in the Day: Economic data released through the Asian session this morning was on the lighter side once more. February Business PMI numbers out of New Zealand was the only major stat released in the early hours. Outside of the numbers, the Bank of Japan’s March monetary policy decision was also there to consider….

Next Global Crisis – Strengthening U.S. Dollar Index or Weakening Euro?

The U.S. Dollar was the resource of much volatility recently as investors were compelled to withstand a variety of factors affecting its value. These consisted of U.S. government records, U.S.-China trade relations and compromising economic information from China as well as the Euro Zone. At times, the rate activity was impacted by investor cravings for…

Forex – U.S. Dollar Rises Even as Fed Takes Dovish Stance

The greenback rallied on Thursday as it slowly recovered from an unanticipated dovish position from the Federal Book. The U.S. dollar index, which gauges the greenback’s stamina versus a basket of 6 significant currencies, rallied 0.6% to 95.755 as of 10:38 AM ET (14:38 GMT). The Fed left rates unchanged on Wednesday, but reduced its…

The EU Summit and also the BoE Placed the Extra Pound Back in the Limelight

Previously in the Day: Economic information released via the Eastern session this morning was on the lighter side. Fourth quarter GDP numbers out of New Zealand and also employment determine of Australia offered instructions early. In the wake of an especially dovish FED, the marketplaces also responded additional to the forward support on policy and…