Aussie fixing drops 1.41% below 0.7000 as US data jolts markets
AUD/USD's ECB fixing fell 1.41% to 0.6911, the biggest move among majors. We use the drop to explain volatility and how to measure it for new forex traders.
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AUD/USD's ECB fixing fell 1.41% to 0.6911, the biggest move among majors. We use the drop to explain volatility and how to measure it for new forex traders.
AUD/USD's ECB fixing rose 0.46% to 0.7010 before Australian jobs data. We use the move to explain lot size and what it means for profit and loss.
US September CPI came in at 3.7% against 3.6% expected and the dollar jumped. We use the release to explain data surprises, actual vs forecast, for new traders.
The dollar fell against every major as Fed's Williams cooled hike bets before US CPI. We use the move to explain the Consumer Price Index for new forex traders.
GBP/USD's ECB fixing rose 0.08% to 1.3246 as BoE hike bets lifted sterling. We use the move to explain base and quote currency for new forex traders.
The US Dollar Index slipped below 102.50 in Asia after an 18-month high. We use the ECB fixings to explain how a dollar index measures the greenback.
The dollar eased from 18-month highs even as US PPI hit 6.3% against 5.3% expected and retail sales beat, while sterling rose on stronger UK growth data.
Bitcoin briefly fell below $80,000 for the first time in a month as a Kospi plunge and Fed hike bets drove nearly $1 billion in crypto liquidations.
The dollar held near an 18-month high after hot US CPI, as Fed's Goolsbee called the data discouraging and the Beige Book showed price pressures broadening.
Bitcoin fell 1.87% to $81,562 as the hot US CPI drag lingered, while Sberbank and Standard Chartered moved to offer bitcoin trading to clients.
The dollar rose and US yields jumped after September CPI hit 3.7% against 3.6% expected, with core at 2.6%, reviving Fed rate hike fears across FX markets.
Bitcoin dropped 2.02% to $81,886 after a hotter-than-expected US September CPI report, while total crypto market value fell 4.25% to $2.773 trillion.