Indian Rupee Sinks to Record Low Against the U.S. Dollar
U.S. dollar strength has been a major market theme in 2023—a reality that was underscored recently when the Indian rupee set a fresh all-time low against the dollar
Indian Rupee Sinks to Record Low Against the U.S. Dollar
Dollar Gains as Crumbling Russian Economy Pulls Down Ruble
Weakness in the Russian economy has spilled over into the ruble, and helped push the ruble to fresh 16-month lows against the dollar.
Dollar Peaks Against Yuan As Chinese Economic Slowdown Weighs on USD/CNY Exchange Rate
The post-COVID economic recovery in China weakened in Q2 and a new stimulus package has weighed on the yuan, tilting the USD/CNY exchange rate further in favor of the dollar.
Dollar Dominance: If BRICS Currency Plan Comes to Fruition, the Dollar Could Get Dinged
The U.S. dollar has dominated as the world’s number one reserve currency since the end of WWII, but the proposed BRICS currency could mount a legitimate challenge to dollar hegemony.
Trading the Gold Market Amid the Latest Surge in Prices
Gold prices have been moving higher in recent days as lingering concerns over the banking crisis and persistently high inflation triggered strong demand in the precious metals sector
Bullish in the Mexican Stock Market
The Mexican stock market has been one of the world’s outperformers in early 2023, with the iShares MSCI Mexico ETF (EWW) up 16% during the month of January
What You Need to Know about the Recent Breakout in the Gold
After months of downward pressure, the precious metals sector finally rebounded in November, with gold prices rising by about 7%, and silver prices jumping by nearly 13%.
Trading the British Pound’s Recent Collapse Against the Dollar
It’s been a big year for the U.S. dollar, and during the last week of September the greenback rallied sharply against the British Pound
Trading Metals Amidst a Looming Recession
During previous economic contractions, gold has been a relatively safe place to park capital, which is why investors and traders may want to give this niche of the financial markets a closer look in 2022.
U.S. Dollar Surges to Multiyear Highs Against Yen and Euro
Dollar strength from 2021 has carried over into the new trading year, with the greenback recently marking multiyear highs against other major currencies, such as the Euro and the Japanese Yen.