Yen Remains Weak as BoJ Shows No Signs of Ending Stimulus Program
During the last session of the week, the Pound to Japanese Yen exchange rate achieved its highest point of the year, nearing the 2022 highs. This was due to the Bank of Japan (BoJ) stating that it may take a
Read MorePound Sterling Gains Ground Against Euro & Dollar as Inflation Data Suggests Another Rate Hike by BoE
The British Pound went up against the Euro, the U.S. Dollar, and most of its other peers after a string of strong inflation numbers in the UK. These numbers mean that the Bank of England will raise interest rates again
Read MoreSafe Haven Buying Propels Greenback Against the Euro Despite Weak US Retail Sales
When U.S. retail sales numbers came out and they were much lower than expected, the Dollar got stronger and stocks went down. Retail sales in the US fell 1.0% from February to March, which was worse than the expected 0.4%
Read MoreRobust US Payroll Report Strengthens Greenback Against Pound
During the Good Friday trading session, the Pound to Dollar exchange rate experienced a reversal of some of the gains made earlier in the week. This was due to the release of non-farm payrolls data, which portrayed a robust outlook
Read MoreEuro Remains Strong on Anticipations of Further Rate Hikes
Euro exchange rates may depend on additional interest rate increases by the European Central Bank (ECB) in response to news that the largest economy in the Eurozone continues to experience widespread inflationary pressures. The Euro was the best-performing major currency
Read More
