Category: Weakness
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XRP Faces Extended Bearish Pressure At $0.4937 Amid Market Weakness
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My name is Godspower Owie, I was born and raised in Edo State, Nigeria. I grew up with my three brothers who have always been my role models and mentors, helping me grow and understand the lifestyle. My parents are literally the backbone of my story. They have always supported…
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XRP Faces Extended Bearish Pressure At $0.4937 Amid Market Weakness
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My name is Godspower Owie, I was born and raised in Edo State, Nigeria. I grew up with my three brothers who have always been my role models and mentors, helping me grow and understand the lifestyle. My parents are literally the backbone of my story. They have always supported…
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Dollar surge unlikely to mark end of recent weakness ahead of Fed decision: MUFG By Investing.com
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Investing.com — It jumped on Friday to a weekly win, as a strong jobs report cooled bets on a Fed rate cut in September, but that is unlikely to mark a major reversal in the dollar’s bumpy ride lower unless it signals… The Fed points out that it is not.…
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Yen weakness persists despite Tokyo’s $62 billion intervention By Reuters
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By Tetsushi Kajimoto TOKYO (Reuters) – Japanese authorities spent 9.79 trillion yen ($62.23 billion) intervening in the foreign exchange market to support the yen over the past month, moves that prevented the currency from testing new lows but are unlikely to reverse long-term declines. Finance Ministry data released on Friday…
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BofA sees dollar weakness amid negative US data, China optimism By Investing.com
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Bank of America (BofA) highlighted several factors contributing to potential headwinds for the US Dollar (USD). The bank pointed to recent negative surprises in US economic data and growing positive sentiment towards the Chinese economy as key drivers behind the US dollar’s challenges. Furthermore, Bank of America noted the currency’s…
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More yen weakness likely – BOA Securities survey By Investing.com
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Investing.com – Further weakness in the Japanese yen appears likely, according to Bank of America Securities, citing its latest surveys of foreign exchange rates and interest rates. At 10:25 EST (14:25 GMT), it was trading 0.2% higher at 155.83 yen, with the pair up just under 2% this week as…