NZD/USD is under pressure again as the US dollar soars to fresh highs. All eyes will now be with the NFP event on Friday while otherwise, bets are on a recovery in NZD. NZD/USD is currently trading at 0.6984 and is a touch lower on the day after having its wings clipped again on US […]
NZD/USD bleeds lower as the US dollar prints fresh cycle highs Read More »
Not a whole lot of action though The dollar continues to hold its ground on the week as it inches a little higher across the board, though this is perhaps just some stretching for the ranges of the day. It has been a relatively quiet start to proceedings, with EUR/USD resting in a 25 pips
Dollar holds steadier in European morning trade Read More »
Risk taking In the first half of the year European stocks have really grown in their hunger for risk. Some of the biggest returns within European stocks have been stocks, banks, electric vehicle manufacturers and bookmakers. Some of the lockdown leaders have fallen into the background. These move reflect a move away from 2020’s more
European stocks attract risk Read More »
The central bank of Russia is setting up a group of banking institutions to test its central bank digital currency (CBDC) next year. On Tuesday, the Bank of Russia officially announced the establishment of the first pilot group for testing the digital ruble, bringing together 12 Russian banks. The pilot members include Russia’s largest banks like
Bank of Russia forms first digital ruble testing group Read More »
NEW DELHI: Coriander prices on Wednesday fell by Rs 4 to Rs 6,740 per quintal in futures trade as speculators reduced their positions amid weak demand at spot market. On the National Commodity and Derivatives Exchange, coriander contracts for July eased by Rs 4, or 0.06 per cent, to Rs 6,740 per quintal in 6,340
Coriander futures decline on low demand Read More »
Gold price got dumped, falling to the lowest level in over 2 months. Losing over -7% against USD in June, the selloff this time has been driven by strong US dollar, rather than higher yields. The greenback is darling of the market recently, thanks to strong economic data, a more hawkish Fed and diminished risk
Gold Rarely Declines with Real Yield. This Time Due to USD Strength Read More »