”Forex

Dollar Down as Investors Brace for ECB Hike, Russian Gas Restart

The US dollar was down on Thursday morning in Asia as the European Central Bank is poised to hike interest rates for the first time since 2011 and the key Russia gas pipeline is scheduled to reopen later in the day. FX Signals

The US Dollar Index that tracks the greenback against a basket of other currencies edged down 0.19% to 106.87 by 11:44 PM ET (3:44 AM GMT).

The USD/JPY pair inched up 0.05% to 138.27. The Bank of Japan kept its interest rate unchanged, even as it predicts more consumer inflation amid higher commodity prices worldwide.

The AUD/USD pair edged up 0.11% to 0.6892, and the NZD/USD pair inched down 0.08% to 0.6222.

The USD/CNY pair edged up 0.12% to 6.7637, while GBP/USD pair inched up 0.09% to 1.1980.

The euro held gains this week as investors expect the ECB might deliver a 50 basis-point rate hike. Also, the Nord Stream pipeline reopens on Thursday following a 10-day maintenance shutdown.

Investors debated on whether ECB policymakers will deliver a previously signaled 25 basis-point increase or a half-point rise to curb runaway inflation. The central bank is also likely to unveil its new crisis management tool.

FX Signals – Dollar Up as Central Banks Brace Policies

“Italy’s political uncertainty complicates the ECB plans to deliver details on its new anti-fragmentation tool, especially regarding the conditions for the tool to be triggered,” and a lack of clarity is likely to drag on the euro, National Australia Bank currency strategist Rodrigo Catril wrote in a client note.

US Dollar Index finds footing

At the same time, NAB expects a half-point hike and guidance for another half-point increase in September “with the Bank aiming to front-load rate hikes ahead of weaker conditions later in 2022 and into 2023, when room to move may be more limited

Natural Gas Tempts Value Buyers

FX Crypto News; on Dollar holds firm as growth fears stalk markets

=> Click here for Free Learning Guides and Daily Live FX News Coverage

[/vc_column_text][/vc_column][/vc_row]

FX Crypto News; on Dollar holds firm as growth fears stalk markets

Dollar Down as Investors Brace for ECB Hike, Russian Gas Restart

Dollar Down as Investors Brace for ECB Hike, Russian Gas Restart

”Forex

Legal: This website is affiliated with Xm which is operated by Trading Point of Financial Instruments Limited, registration number HE251334, with registered address at 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure. Our Partnership with Xm Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA) and the United Kingdom. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure.

telegram vip forex and crypto signals free

Any news,messages, opinions, charts, prices, analyses, or other info on this website shouldn’t be taken as a piece of investment advice but provided as general information for entertainment and educational purposes. The site should not be wholly relied on for extensive research before making personal trading decisions. Any content on this website is subject to change without notice. FxPremiere won’t accept liability for any damage, loss, or profit loss as a result of the use or relying directly or indirectly on such information. We don’t recommend only the use of technical analysis for making trading decisions. Neither do we recommend hurried trading decisions. Always understand that past performance doesn’t guarantee future results. DISCLAIMER: FxPremiere.com and its team members are not registered as financial advisors and hold no formal qualifications to give financial advice. Everything that is provided on this server telegram signals as intermediates to signal sources only, on FxPremiere.com website or FxPremiere.com and its team members is purely for educational purposes only. FxPremiere.com and its team members are not accountable or liable for any losses or damages. You are responsible for all the risks you take. Any content provided here should not be construed as financial advice.