Euro Eclipses Pound as UK Witnesses Series of Poor Economic Data
The British Pound has fallen dramatically versus the Euro and the US Dollar after a series of dismal economic data readings. It is possible that economic growth in the UK may drop significantly since consumer confidence in the country has
Read MoreJapanese Yen Hits 20-Year Low as US Yields Rise
The dollar-yen exchange rate fell to a 20-year low earlier today, helped by strong US Treasury rates and perhaps positive economic reports from the United States. At 127.44 yen in the Asian trading session, the dollar was at its peak
Read MoreWas Beijing Behind “Co-Movement” of Currency Pairs Seen Last Week
A strong mid-week rise in the pound versus the greenback and Eurodollar has erased its early April falls, and there is corroboration that this buy began in Beijing and was designed to keep the trade-weighted renminbi from appreciating further. Despite
Read MoreCanadian Dollar Forecast to Remain Strong on 50-bps Rate Hike Expectations
With the Bank of Canada (BoC) policy announcement scheduled for coming Wednesday, the GBP/CAD exchange rate fell in the last trading session as the Loonie regained most of the ground lost to Sterling in the previous trading sessions. On Friday,
Read MoreCanadian Dollar to Remain Range Bound Against Greenback in April
The Canadian Dollar paused on Friday as the greenback and Sterling recovered from previous losses, benefiting CIBC Capital Markets analysts who purchased the latest USD/CAD slump, even as the Scotiabank team advises customers to trade GBP/CAD advances. As the greenback
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