during the early Asian trading hours on Thursday. The modest recovery of the US dollar (USD) might be limited amid reduced bets on the US Federal Reserve's (Fed) rate cut this year. On Wednesday, the Canadian dollar (CAD) was trading thinly,...
FX Zombie Effects of an epidemic in the country In this article I will be looking at the effect of the recent outbreak of the swine flu on US economic policy. As an American I do not want to see any negative effects of this on my country's economic...
XAU/USD During the Asian session on Thursday, the price of gold (XAU/USD) fluctuated in a range just below $2,300 and consolidated its recent losses to a nearly two-week low set the day before. At the conclusion of its June policy meeting, the...
The Federal Market Committee (FOMC) recently decided to keep the benchmark interest rate between 5.25% and 5.50% at its seventh consecutive meeting in June. The decision is consistent with economic forecasts showing FOMC officials expecting only one...
The current exchange rate for the Australian dollar stands at approximately $0.6655, reflecting a period of stability in the foreign exchange market. Analysis of daily charts reveals that the AUD/USD pair is currently moving within a rectangular...