The Australian dollar continues its impressive rally and is in positive territory on Friday. AUD/USD has climbed 1.37% this week. The war in Ukraine shows no signs of letting up, and news that a Russian missile scored a direct hit on a Ukrainian power plant has made investors even more jittery about the war in […]
US stocks are rallying as Wall Street anticipates central bank reluctance to go overly aggressive with tightening monetary policy, so they could provide a cushion for a growth hit that will stem the Russia-Ukraine developments. Even as Russian troops move in on Ukraine’s capital, risk appetite got a boost from Moscow’s signal that they could […]
Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York.  This week they discuss how financial markets reacted to the War in Ukraine, what is driving the oil markets and what to expect going forward, recap the latest round US economic data, and how cryptos […]
The US dollar is running roughshod over the Swiss franc this week. USD/CHF has shot up 2.16% this week, rising to its highest level since November. In the European session, the Swiss franc is trading slightly above the 0.93 level. Swiss economic outlook remains favourable The KoF Economic Barometer, a key indicator, rose to 107.8 […]
The US dollar has posted strong gains against the majors on Thursday, and GBP/USD has fallen 0.64% on the day, trading below the 1.34 line. It has been a dismal week for the pound, which has lost 1.29% in value. Powell powers the US dollar upwards The FOMC didn’t make any changes to policy at […]
What started off as a calm week has turned into a rout. The euro is down 0.83% in the North American session and has fallen into 1.11 territory for the first time since June 2020. The currency has taken a nasty spill this week, falling a massive 1.73%. US GDP outperforms The markets are still […]
The British pound has ticked higher, trading just above the 1.35 line in the North American session. We could see stronger movement from GBP/USD later today, after the release of the FOMC policy decision. The British pound is sensitive to risk, so a strong reaction from the financial markets will likely be reflected in the pound’s […]
