South African Rand Holds its Fort Against Major Currencies
In a prolonged display of tenacity, the South African currency has held its territory against several major currencies, having put GBP/ZAR below 19.90 and forcing it on the back foot. In the previous week, the Rand has climbed against all
Read MoreNew Zealand Dollar Strengthens on Robust Economic Rebound
The Kiwi dollar gained ground against its peers before the end of last week’s trading. Specifically, the New Zealand dollar recorded its robust gain against the pound, which did not fare well even against the greenback. Notably, the US dollar
Read MorePound Strengthens on Soothing of EU-UK Trade War Worries
The British Pound gained ground in the mid-week trade, with market experts citing news indicating that strains between the EU and the UK over the Northern Ireland agreement were lessening. According to a Bloomberg article, “British and European officials are
Read MoreJapanese Yen Surprises Market by Outperforming the US Dollar
After completely disregarding a roaring comeback in Dollar exchange rates that occurred against the backdrop of signals of disparity between the Federal Reserve (Fed) and the Bank of Japan, the Japanese Yen was a relative outperformer on Friday and on
Read MorePound Continues to Consolidate Against the Aussie
If Australia’s continuous fight to resuscitate a lengthy insufficient rate continues to make the antipodean currency a slacker among global currencies, the Pound-to-Australian Dollar exchange rate may likely maintain a climb over 1.84 in the coming weeks and months. In
Read MoreHSBC Analyst – US Dollar Could Strengthen in Days Ahead
As per a prominent foreign currency trader, the Pound-to-Dollar exchange rate (GBP/USD) failed to substantially breach and hold 1.42 in 2021, and it is doubtful to do so in the immediate future. “I think it will be tough for the
Read MoreUnresolved Brexit Issues Limit Pound’s Gains Over the US Dollar
The worsening ties between the EU and the UK will be the spotlight in the days ahead, amid rumors of a likely trade war between both parties if a deal on enforcing the Northern Ireland protocol cannot be reached. After
Read MoreGoldman Sachs – Euro to Strengthen Against the Swiss Franc
The Swiss franc has regained the lost ground against the greenback, the euro and the pound in the first-quarter, even though Goldman Sachs and UBS has opined that it has created a notable investment opportunity in the EUR/CHF exchange pair.
Read MoreRussian Ruble Backs Down From 2-1/2-Month High
The Russian ruble has declined to 73.60 against the greenback, after recording an 11-week high of $72.90 by the end of last month. The strengthening of the ruble was led by an increase in oil prices which gained momentum on
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