We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
Oil - US Crude
More View more
Real Time News
  • The Canadian Dollar may be at risk as crude #oil prices appeared to resume the steep decline from January. The #Yen soared as #coronavirus woes plunged stock markets across the globe $USDCAD #CAD #CrudeOil - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/02/24/Crude-Oil-Slips-As-Markets-Fret-Virus-Spread-Chance-of-Production-Cuts.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/5wDZt7f0io
  • RT @TruthGundlach: The extra yield for downgrading from BBB corporates to BB corporates got insanely narrow in December. The spread has wid…
  • CDS spreads on South Korean sovereign bonds up 4.65 basis points from #coronavirus fear pandemic
  • $USD Forecast: US Dollar Drops on Fed Cuts, Consumer Confidence Eyed Full Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/02/24/usd-forecast-us-dollar-drops-on-fed-cuts-consumer-confidence-eyed.html #Forex #FX #Trading #FOMC #DXY https://t.co/Cv7j8FHN2n
  • Nikkei Futures down over 4% following the brutal US session
  • RT @ZabelinDimitri: Feb 24: - Trump meets with Modi - German🇩🇪 IFO business confidence - New Zealand🇳🇿 retail sales - China🇨🇳 may announc…
  • The $JPY has lost out to a broadly resurgent US Dollar, with a clearly dwindling band of Yen bulls left to hope that the most recent rise has become overextended. Get your market update from @DavidCottleFX here:https://t.co/7Ndm5jiOi7 https://t.co/ikXioYKa1S
  • The markets have not been this dovish on the #Fed since October with 2 rate cuts by the end of this year full priced in with odds of a 3rd on the rise (blue line is the implied hikes/cuts via Fed funds futures for 2020). #SPX is down over 4.8% from peaks seen last week https://t.co/is6Wbl6XIz
  • #Coronavirus update on 2 U.S. companies just crossed the wires: United Airlines (-0.62% afterhours): - Withdraws 2020 forecast with 100% decline in near-term demand to China Mastercard (-2.94% afterhours): - Sees lower revenue growth in the first quarter
  • RT @KyleR_IG: * MASTERCARD SEES LOWER REVENUE GROWTH ON CORONAVIRUS IMPACT Corporate warnings coming in thick and fast today.
U.S. Dollar Rallies and Kiwi Falls on Libya, Earthquake News

U.S. Dollar Rallies and Kiwi Falls on Libya, Earthquake News

2011-02-22 01:57:00
DailyFX Research,

The U.S. Dollar is rallying in the Asia session, led by gains against the New Zealand Dollar and the Euro. With regard to the former, a 6.3 magnitude earthquake in the city of Christchurch was the catalyst for underperformance in the Kiwi. Reports are surfacing that there have been fatalities and notable damage to buildings and streets.

Meanwhile, the U.S. Dollar’s gains versus the Euro and other rivals seems to be related to the events unfolding in Libya, including an increasing amount of violence and even indiscriminate bombing upon civilian targets by Muammar Gaddafi’s regime. Stocks indices in Asia are down across the board, with Japan’s Nikkei 225 benchmark falling almost 2%.

Speaking of Japan, the Yen has had an extremely volatile session as multiple crosscurrents impact the currency, including a change in the rating outlook for Japan’s Aa2-rated government bonds by Moody’s.

U.S. Dollar Index Intraday Chart:

US_Dollar_Rallies_and_Kiwi_Falls_on_Libya_Earthquake_News_body_Picture_3.png, U.S. Dollar Rallies and Kiwi Falls on Libya, Earthquake News

NZD/USD Intraday Chart:

US_Dollar_Rallies_and_Kiwi_Falls_on_Libya_Earthquake_News_body_Picture_4.png, U.S. Dollar Rallies and Kiwi Falls on Libya, Earthquake News

EUR/USD Intraday Chart:

US_Dollar_Rallies_and_Kiwi_Falls_on_Libya_Earthquake_News_body_Picture_5.png, U.S. Dollar Rallies and Kiwi Falls on Libya, Earthquake News

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.