Fundamental and Technical Factors Affecting the EUR/USD Exchange Rate
The EUR/USD exchange rate recorded 1.0496 last week, its lowest level since October 6, 2024. It is currently trading near the 1.0550 level. It has dropped by approximately 6% since the peak of 1.1214 recorded on September 25, 2024, reaching a low of 1.0497 on November 14. It is also down about 5% since the […]
Thai Economic Reports: Optimism and Challenges – A Look at the Currency Market
The Bank of Thailand unexpectedly cut interest rates by 25 basis points for the first time this year during its latest meeting held on October 16, 2024, reducing the rate from 2.50% to 2.25%. Recent Thai economic data reveals a mixed picture. The country’s GDP grew by 3.0% year-on-year in the third quarter of this […]
The U.S. Dollar Continues to Rise Against the Japanese Yen: Is It Approaching the 160 Level?
The USD/JPY pair continues its upward trend, recently reaching 156.75, marking its highest level since July 23, 2024. It is currently stabilizing around the 154.50 level. The pair has increased by 12% since the low of September 16, 2024, when it stood at 139.57, reaching the peak it hit just two days ago. Additionally, it […]
Brief Overview of Key Economic Events from the Past Week
Last week, major economies saw some important developments. In the United States, data showed an increase in inflation with the Consumer Price Index (CPI) rising by 2.6% year-on-year, while the Producer Price Index (PPI) increased by 2.4%, surpassing expectations. Meanwhile, jobless claims fell to 217,000, and retail sales showed a slight increase, indicating some resilience […]
US Dollar Against Norwegian Krone: Fundamental and Technical Analysis
The US dollar continues its upward trend against the Norwegian krone, reaching 11.1946 yesterday, the highest level since November 10, 2023. The USD/NOK pair has risen by about 8% since the low of September 25, 2023, when it was 10.3831, reaching the peak recorded yesterday at 11.1946. It has also risen by approximately 10% since […]
The US dollar surpasses the 1.4000 mark for the first time since 2020 amid the weakness of the Canadian economy
The exchange rate of the US dollar against the Canadian dollar continues its upward trend, reaching 1.4019 today, the highest level since May 22, 2020. The USD/CAD pair has increased by about 4% since the low of September 25, 2024, when it stood at 1.3419, reaching yesterday’s peak of 1.4019. It has risen by approximately […]
The US Dollar Continues to Rise Against the Danish Krone Amid Economic Weakness in Denmark
The US dollar continues its upward trend against the Danish krone, reaching 7.0404 yesterday, marking its highest level since November 2, 2024. The USD/DKK pair has risen by approximately 6% since the low of September 25, 2024, when it stood at 6.6500, up to the peak recorded yesterday at 7.0404. The pair has also risen […]
Bitcoin Continues Its Rise: An Analysis of the Bullish Momentum
Bitcoin’s price continues its upward trajectory, reaching $89,643 yesterday, a new all-time high, and is currently trading near the $88,500 level. Bitcoin has risen by about 52% since its low on October 10, 2024, when it hit $58,867, reaching the peak achieved yesterday at $89,643. Bitcoin’s price has also increased by about 109% since the […]
Brief Overview of Key Economic Events from the Past Week
Last week saw several significant economic events. The Federal Open Market Committee (FOMC) in the United States decided to cut interest rates by 25 basis points to a range of 4.50%-4.75%. Meanwhile, factory orders declined, while U.S. oil inventories increased. Data also showed improvements in the ISM Non-Manufacturing Index and consumer confidence. In the Eurozone, […]
Performance of the Dollar Against the Turkish Lira: A Look at Economic Indicators
The price of the dollar against the Turkish lira recorded 34.3559 yesterday, the highest level since August 28, 2024. The next challenge lies in reaching the record level set on August 28, which was 34.3827. The price is currently hovering around 34.3400 lira per dollar. The dollar has risen against the Turkish lira by about […]
