Archives Tag: USD

BUSINESS Stock Market

April 19, 2022

The fortunes of the forex market have been hinged almost entirely on the fate of the US dollar in the past few weeks and this was particularly evident after Friday’s disappointing Non-Farm Payrolls (NFP) data was announced and the US dollar weakened against all of the major currencies. After the announcement on Friday, EUR/USD rose … Continue reading MARKET UPDATE: US Jobs Data Triggers USD Weakness Across the Board

By guestpost

Stock Market

April 19, 2022

A degree of stability has hit the market in the wake of the volatility of last week, but this may be short lived with important US unemployment data due out later in the week.  There are rumours in the market that, should there be stronger than forecast unemployment data, the Federal Reserve may decide to … Continue reading Market Update: US unemployment Data Key To Forex Market

By connectnigeria

BUSINESS

April 19, 2022

The market has experienced substantial volatility in the past few days on the back of Federal Reserve Chairman Ben Bernanke’s statement last week that the Fed intends to taper economic stimulus later this year.  Although he has not said when the stimulus will be completely withdrawn, this news has spurred US dollar strength and dragged … Continue reading FXTM MARKET UPDATE: USD Strength Spurs Currency Wars

By connectnigeria