Traders Brace for Possible Stagflation as Rates Rise Faster than Economic Growth
Traders Brace for Possible Stagflation as Rates Rise Faster than Economic Growth
The dollar moves higher against most of the major currencies after a drop in stocks stimulated demand for the safety of the world’s main reserve currency, and investors raised bets the Federal Reserve will increase interest rates by the end of the year after […]
Dollar Trounced On Global Economic Recovery Optimism
Dollar Trounced On Global Economic Recovery Optimism
Overall: The same old story continues to repeat itself. As economic releases give evidence that the global economic recession is close to a bottom, traders become bullish on riskier assets and sell the dollar. The majority of economic releases, from every region, have been positive recently leading traders to […]
Strong Rally in Risk Appetite Pressures the Dollar as Traders Watch Economic Data
Strong Rally in Risk Appetite Pressures the Dollar as Traders Watch Economic Data
The dollar sold off against the G10 early in the session, with the commodity currencies leading the rally. The EurUsd surged over 200pips trading at the mid 1.41 level, while the UsdJpy gave up most of the prior session’s gains sinking 137pips to […]