The US dollar initially rallied against the Canadian dollar on Tuesday but then gave back gains to show there is still a bit of hesitation at the moment, as there are a lot of questions about the Federal Reserve and what its plans are for interest rates going forward. Furthermore, there are some questions as…
The S&P 500 has been very quiet in premarket trading as we are in a region that I think is going to end up being sideways action in general. This does make a certain amount of sense, considering that the market has been in a very strong uptrend for quite some time, and of course…
The USD/SGD is near the 1.28900 vicinity in early trading this morning, less than one hour after the U.S government shutdown officially began. Trading action has been calm thus far as financial institutions maneuver.
The EUR/USD exchange rate was flat on Wednesday this week as market participants reacted to the latest government shutdown in the United States and its implications on the American economy. It was trading at 1.1740 up from last week’s low of 1.1635.
Bitcoin price has bounced back this week as demand from American investors has rebounded. The BTC/USD pair has jumped in the last three days and is hovering at its highest point since September 22.
The AUD/USD exchange rate rose after the Reserve Bank of Australia (RBA) concluded its two-day monetary policy meeting and did what analysts were expecting. It rose to 0.6615, its highest in a week.