FED CHAIR NOMINATION TALKING POINTS: US President Joe Biden is expected to make his decision on who will be the next Fed Chair in the coming days. Current Fed Chair Jerome Powell’s term is set to end in February 2022 if he’s not reappointed to another four-year term. If...
By Tommy Wilkes LONDON (Reuters) - The dollar slipped back from a 16-month peak on Thursday, losing ground on the euro and Australian and New Zealand dollars as traders assessed whether the U.S. currency's recent surge was starting to stall. The dollar has rallied in recent weeks as traders bet on...
By Peter Nurse Investing.com - The dollar edged lower Thursday, consolidating just below its 16-month high, while the Turkish lira slumps ahead of the country’s latest central bank meeting.  At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1%...
Elsewhere, Crude and Brent oil prices fell despite a bullish US inventory report. The Energy Information Administration’s Weekly Petroleum Status Report revealed a 2.1 million barrel decrease in stockpiles for the week ending November 12. That was well below the forecasted 1.07 million barrel build. Crude prices fell over 4% overnight...
By Joice Alves LONDON (Reuters) - The dollar eased on Monday from an almost 16-month high versus major peers, as traders awaited fresh clues on Federal Reserve interest rate hike plans on the back of red-hot inflation. The dollar had been buoyant since Wednesday, when data showed U.S. consumer prices rose...
By Peter Nurse Investing.com - The dollar edged lower Monday, retreating from a 16-month high, as traders seek new clues as to the Federal Reserve’s thinking over the timing of interest rate hikes. At 3:05 AM ET (0805 GMT), the Dollar Index, which tracks the greenback against a basket of six...

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Interest in Bitcoin still persists

Despite its recent decline, the most traded virtual currency - Bitcoin (BTC) - is still attracting a lot of investors. It is...

Euro dollar volatility surges on Omicron, bets on Fed

By Joice Alves London (Reuters) - The dollar edged up on Wednesday as euro-dollar volatility hit the highest level of the year in response to...

Turkey Central Bank Intervenes in FX Markets to Stabilize Lira

Turkey’s central bank intervened in markets by selling foreign currencies for the first time in seven years to stem the lira’s decline against the...

Oil rises 1% ahead of OPEC meeting under Omicron cloud

(Corrects Brent, WTI Tuesday price falls) By Sonali Paul MELBOURNE (Reuters) - Oil prices clawed back some losses on Wednesday after steep falls in the previous...

Gold strengthens its value again after price decline

The price of gold bounced back on Wednesday morning at 7:42 am CET after its decline on 23 November 2021, when the...