In the recent days, the US dollar index reached the highs of July 2017.
Daily Market Analysis
USD/TRY opened the week with the gap up and rose to a new record high abive 7.00.
Today we will have a look at the currency of the third-largest Southeast Asian economy – Malaysian ringgit.
The strong rise of the USD caused by the tight monetary policy of the Fed made emerging market currencies depreciate.
Usually, traders pay attention to major currencies such as USD, EUR, GBP and etc. But what about exotic currencies?
It’s not a secret that the New Zealand dollar has been suffering a lot.
On Thursday, July 26, the European Central Bank will hold a meeting.
The oil market is always highly volatile.
The situation in the economic world is unstable, however, the Japanese yen does not rise.
It’s not a surprise that the Brexit remains the main driver of the GBP.
The weakness of the USD supported the Canadian dollar.
The downward trend of the New Zealand dollar started in the middle of April 2018 and has been continuing until current days.