Wells Fargo Forecasts Pound Weakness to Continue Until Late 2023

Wells Fargo said in their August financial technical report that they “As a consequence of the Federal Reserve’s hawkish stance, dollar momentum is expected to persist through the final leg of 2022. We now anticipate the dollar might reach its

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South African Rand Hits Near Yearly Lows

The South African Rand was approaching some of its worst levels in over a year prior to the weekend, as liquidation in the Chinese Renminbi and rebound by the US Dollar derailed a multi-week rebound and sparked a ferocious decline

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Russian Ruble Could Weaken in the Months Ahead as Economic Data Falters

As per the Bank of Russia’s macroeconomic forecast, the USD/RUB exchange rate is projected to average 70.4, 75.0, and 80.0 in 2023-2025. Presently, the USD/RUB exchange rate is at 60.50. Nevertheless, the most recent economic data shows that the ruble

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Yen Marred by Dollar’s Uptrend as Robust Jobs Data Lifts US Bond Yields

Following seemingly jaw-dropping employment and salary numbers that seemed to entice an already aggressively hawkish Federal Reserve (Fed), and stunned US government bond rates to re-emerge the Japanese yen fell across the deck in the run-up to the weekend. Japan’s

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