April 27, 2022 8:28 am
Use of Decentralized Finance has been on the rise throughout 2021 with an over 9-fold increase in DeFi transactions, compared to 2020. The race to reinstate the traditional financial services in the crypto space is a rapid one. It turns out it is also very perilous for the early adopters. 2021 saw a 1330% increase […]
Read moreApril 26, 2022 8:58 am
After hitting a 20-year trough of 129.408 on April 20th against the US Dollar, Japan’s Yen attempted a slight recovery at the start of the new week, with USD/JPY slipping below the 128.00 mark. Still, the greenback remained underpinned by aggressive US interest rate hike expectations that kept Treasury yields high and by concerns over […]
Read moreApril 19, 2022 9:08 am
NZD/USD rebounded from Monday’s seven-week trough of 0.6715 on Tuesday, after Reserve Bank of New Zealand Governor Adrian Orr said the bank remained focused on constraining inflation expectations and was ready to hike interest rates further in upcoming quarters. The RBNZ Governor said if the central bank raised interest rates too slowly there was a […]
Read moreApril 18, 2022 8:10 am
USD/JPY registered a fresh two-decade peak at 126.79 during the early Asian session on Monday, before comments from Bank of Japan Governor Haruhiko Kuroda and Finance Minister Shunichi Suzuki led to a swift bounce to 126.24. Although the US Dollar was stuck in a narrow range due to the Easter holiday in many parts of […]
Read moreApril 12, 2022 8:27 am
EUR/USD did not manage to hold on to Monday’s slim gain after French President Emmanuel Macron’s victory over far-right challenger Marine Le Pen in the first round of presidential voting. “The bottom line, then, is that we are where we were before yesterday’s vote,” Rabobank analysts wrote in an investor note. “Macron looks set to […]
Read moreApril 11, 2022 8:00 am
USD/JPY surged to a fresh 82-month high on Monday, supported by inexorably rising US Treasury yields. US 10-year bond yields soared to over 2.77%, or their highest level in three years, and exceeded China’s government bond yields for the first time since 2010, as the Federal Reserve prepares to hike interest rates sharply. Markets have […]
Read moreApril 5, 2022 8:05 am
AUD/USD registered a fresh 42-week high on Tuesday, after the Reserve Bank of Australia dropped its pledge to be “patient” on policy tightening, while indicating the first interest rate hike in over a decade may be closer. The RBA kept its official cash rate intact at a record low level of 0.10% for the 16th […]
Read moreApril 4, 2022 9:23 am
EUR/USD extended a two-day streak of losses on Monday, as US bond yields surged on expectations of sharp interest rate hikes by the Federal Reserve, while the common currency was pressured by talk of fresh European sanctions on Russia. Concerns over economic damage stemming from Russia-Ukraine military confrontation have been weighing on the Euro, which […]
Read moreMarch 28, 2022 8:25 am
USD/JPY gained more than 1.3% on Monday and touched highs not seen since August 2015 after the Bank of Japan intervened to prevent government bond yields from surging above its target. At the same time, rising US Treasury yields drove the US Dollar higher against a basket of six major peers. The Dollar Index was […]
Read moreMarch 22, 2022 9:57 am
Last week’s rally in AUD/USD stalled at the start of the new week as fresh bets on Fed rate hikes supported the US Dollar and US bond yields registered multi-year highs. Speaking at the annual conference held by National Association for Business Economics, Federal Reserve Chair Jerome Powell noted “the economy is very strong and […]
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