The dollar climbs as Hawkish Fed supports
The U.S. Dollar Index climbed to its highest level in nearly two years early Wednesday, fueled by aggressive Fed comments and strong data releases, after climbing 0.50% the previous session.
The United States Gross Domestic Product (GDP) has fallen for the last two quarters, leading many to believe that the world's biggest economy is in recession. The most recent scorecard alters perspective by exceeding economists' consensus and providing the first positive reading since the start of the 2022 fiscal year.
Read moreThe U.S. Dollar Index climbed to its highest level in nearly two years early Wednesday, fueled by aggressive Fed comments and strong data releases, after climbing 0.50% the previous session.
Risk sentiment is still positive moving into the European session, while there is some sense of caution about more Western penalties against Russia for its atrocities against Ukrainian citizens.
The U.S. dollar index rose on Monday after closing 0.30% higher on Friday, as robust U.S. jobs data bolstered the case for more aggressive Federal Reserve rate hikes to contain decades-high inflation.
The U.S. dollar index edged up on Friday, following a 0.46% advance the previous day, as traders awaited the March U.S. jobs report for hints on the pace of Federal Reserve policy tightening.
Despite the risk-averse market environment, the dollar continued to fall versus its peers on Wednesday, with the U.S. Dollar Index falling 0.63% before entering a consolidation phase early Thursday.
Moneycorp Americas, a world-leading payments services provider for banks, businesses, and consumers, is today announced as an FX liquidity provider for Digital Asset Exchanges (DAXs) around the world.
Moneycorp announces Koen Vanpraet will oversee Moneycorp’s continued growth in the EMEA region and play a key role in driving the business forward.
Moneycorp Americas, a leading provider of global payments and FX risk management solutions, has expanded its in-country payment capabilities by offering access to alternative payment rails in APAC, LatAm, and Africa.
moneycorp Americas announces its new partnership with KyckGlobal, an alliance set to improve payment speed and workflow security for cross-border payments.
Today, the global payments provider announced its new cloud API integration enhancement that can seamlessly integrate into client accounting software and ERP systems.
We asked one of our most successful referring partners a few questions about the buying process for their clients, the foreign exchange market, and how working with Moneycorp has benefitted them.
The US economy was gripped by a slew of activities in March. Read more about the April FX Consensus Forecast here.
On International Women's Day 2022, we are proud to highlight the voices of some of the women at all levels at Moneycorp.
In February, the U.S. economy appears to be dealing with two major difficulties. The first is the issue between Ukraine and Russia and the second is the continued price increase. Read more about the March FX Consensus Forecast here.
In January, the US economy was heading through caseloads of Omicron variant, geopolitical chaos, and record-high inflation. Read more about the February FX Consensus Forecast here.