skip to Main Content
The Light Red Arrow Icon On A Background Of Money. The Concept Of Changing Course Of US Dollar On The Market. Devaluation, Collapse, Stagnation Of The Economy.

Dollar Rates Drop as Data Disappoints and Potential Impeachment Looms

The dollar weakened slightly following another poor data run and the leader of the democrats Nancy Pelosi laying out her case in order to push ahead with impeachment proceedings against President Trump. The only respite for the dollar coming in the form of non-farm payroll numbers which smashed the target. The poor data was a continuing trend and arguably highlighted…

American Dollars An Usa Flag.Close Up Of American Flag And Dollar Cash Money On Old Oak Wood.

Dollar Weakens as Possibility of Trade Deal This Year Looks Unlikely

The Dollar had enjoyed a slight boost following the FOMC minutes which claimed that no further easing would currently be required. The gains seen on Wednesday were short-lived, however, as the sources claimed that it was now extremely unlikely that the US and China could now strike a trade deal this year. FOMC minutes The FED released its minutes following…

USA America Trade War Economy Conflict Tax Business Finance / United States Stock Market Exchange Graph Chart Money Crisis Raised Taxes On Industry Container Ship In Export Import Logistics

Currency Manipulator? – Is Trump Right to Accuse China of Being One?

The current trade war escalated further this week with President Trump officially accusing China of being a currency manipulator. In recent weeks talks between the two superpowers have if anything regressed and the latest accusations from the White House will do little to ease the deadlock. The comments were motivated by a significant weakening in the CNY exchange rate. The…

Euro And US Dollar Bills

EUR/USD Falls as FED and ECB Are Expected to Cut

Although poor data from the eurozone has punished the single currency recently, rates are currently being more guided by the moves made and measures taken by central banks rather than data as the emphasis on monetary policy becomes more crucial. This week the Euro zones data disappointed once again and increased the possibility of ECB cutting interest rates with the…

Stock Market Graph Next To A 10 Dollar Bill (showing Former Pres

Dollars Slips Further as Rate Cut Looks All but Certain

The Dollar fell back further this week as the Fed chair Jerome Powell all but confirmed that the bank would look to cut rates by 25bp at the end of the month. The latest Non-farms numbers are doing little to dissuade the central bank from cutting rates. In a prewritten statement in front of lawmakers at Capitol Hill Powell cited…

Petroleum, Petrodollar And Crude Oil Concept : Pump Jack And A Black Barrel On US USD Dollar Notes, Depicts The Money Received Or Earned From Sales After Investment In The Development Of Oil Industry.

CAD and NOK up as Reports State the US Will Removes Tariff Waivers for Importers of Iranian Oil

The Canadian Dollar and Norwegian Krone were both boosted yesterday as the Washington Post broke a story that the US will announce the removal of tariff waivers for those who continue to import Iranian oil. It's anticipated that the Secretary of state Mike Pompeo will shortly announce US sanctions to nations that continue to import Iran’s oil. The US plans…

Highway Board, Options HARD Or SOFT BREXIT

Pound Gains against Both Euro and the Dollar as UK Government Looks to Move for a Softer Brexit

Ahead of Monday's House of Commons indicative votes, Sterling posted gradual and steady gains against many major currencies as investors tried to do the impossible and predict the likely outcome of the tonight’ critical Brexit votes. As of writing the Pound to Euro exchange rate is +0.56% higher at €1.166 today and Pound to US Dollar is +0.65% higher at…