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The euro fell to a nearly two-year low against the US dollar as commodity-dependent currencies hit multi-month highs after Russia’s invasion of Ukraine raised oil prices. The euro slid by about 1% to $1.0822, its lowest since May 2020. The ...

Asian currencies showed positive signs on Monday, after risk appetite improved on US and Russian plans for a summit on the Ukraine crisis. The South Korean won and the Thai baht climbed about 0.2%, while the Philippines peso and the ...

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The euro rallied in Tuesday’s trading on news that Russia announced it would pull back some of its troops from the Ukraine border. However, no sooner had the currency jumped 0.45% did it soften to $1.1347 on the news of ...

The Australian dollar dropped sharply on Friday after the European Central Bank (ECB) sent shockwaves through markets by finally acknowledging the dangers of high inflation. The euro surged to a two-month high of A$1.6038 after the ECB voiced “serious concerns” ...

Turkey’s finance ministry announced in a meeting with economists that it expects inflation to reach highs of 40% during 2022. The country’s inflation rate touched 36.1% in December 2021 and is not expected to go below that level at any ...

Currency analysts are predicting a tough 2022 for Argentina, Latin America’s third largest economy. The Argentinian Peso is currently trading at 103.29 Pesos to the US Dollar, but is expected to tumble in the coming months, hitting a rate of ...

The US Dollar showed strong gains in Tuesday’s trading on expectations the Fed would raise interest rates in the first quarter of 2022 to counter high inflation. The Dollar index, which measures the greenback against six peer currencies, was 0.217% ...

The US Dollar flagged to a one-week low against other major currencies as investors shifted toward a more positive outlook for the global economy. Fueled by news that Omicron will not be as serious as previous variants, risk appetite has ...

Key currencies continued to trade cautiously as markets tried to figure out how the Omicron COVID variant would affect monetary policy.  The Australian dollar was steady at $0.7171, having made gains this week as investors looked towards risk-friendly currencies. Meanwhile, ...

The ongoing worldwide shortage of computer chips is slowing the supply of everything from new coffee machines to electric cars. Driven by COVID-related supply chain issues in Asia, computer chips are in short supply. This has heavily impacted the roll-out ...

Investors breathed a sigh of relief after news emerged that the Omicron variant is not as dangerous as first feared.  The US Dollar climbed to 113.89 against the Japanese Yen after Monday's two week low of 112.97. The Dollar Index, ...

Global stocks fell on Friday on the back of fears that a new infectious strain of COVID-19 could cause renewed restrictions. The Dow faced its worst trading day in a year, with global oil prices also taking a hit. The ...

High inflation in the US shows no sign of slowing, especially in the short term. The US Fed understands this, as confirmed in notes released this week from its most recent meeting. Fed officials are bracing for elevated levels of ...