© Reuters. The US dollar is showing signs of strain against commodity currencies, despite the rise in yields, indicating a market shift favoring growth over rate differentials, as reported on Thursday. This situation emerges as the Federal Reserve considers potential further rate hikes that could have adverse effects on the US economy. Earlier this week,
Oil (Brent Crude, WTI) Analysis US API crude inventory data posts sizeable rise, EIA data delayed to next week Oil sell-off sees the commodity (Brent) trading below the key 200 SMA WTI trading in a similar fashion with the 200 SMA holding as resistance The analysis in this article makes use of chart patterns and
© Reuters. The continuous devaluation of the Nigerian Naira, which recently peaked at N2,010 per CFA1000, has significantly disrupted cross-border trade and led to record high commodity prices. The situation has been particularly severe for traders dealing in rice and frozen poultry products at the Seme-Krake border in Lagos. The price of a 50kg bag
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Share: Australian Dollar snaps the losing streak due to a rise in monthly CPI. Australia’s inflation reported a reading of 5.2% as expected, up from the 4.9% prior. US Dollar (USD) trades around 106.30, the highest since December. Upbeat US Treasury yields are contributing support for the Greenback. The Australian Dollar (AUD) looks
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Saqib Iqbal Ahmed NEW YORK (Reuters) – Some investors are zeroing in on the battered currencies of commodity-producing countries such as Norway and Australia to take advantage of more potential weakness in the dollar, which
