Pound Struggles as Risk Sentiment Falters Amidst Rising US Yields
The Pound faced challenges below a crucial technical support level against the Dollar and encountered difficulties against the Euro on Friday. This development followed a weakening global market risk appetite, triggered by an earlier rally in government bond yields that
Read MorePound Sterling Softens as Retail Sales Dip Amid Weather Woes
Pound Sterling saw a slight retreat against major currencies, including the Euro and Dollar, in the recent week’s closing session. The decline followed the release of retail sales data for July, which indicated a more significant drop than anticipated. This
Read MoreAustralian Dollar Reacts to Cautiously Optimistic Economic Outlook by RBA Governor
Assessing Australia’s Economic Landscape During the final session of the week, the Australian Dollar demonstrated resilience, reversing earlier losses against most major counterparts. This shift was attributed to remarks made by the Reserve Bank of Australia (RBA) Governor Philip Lowe,
Read MoreDollar Gains Momentum Amid Rising Producer Price Inflation Concerns
Introduction: The Pound to Dollar exchange rate retraced a portion of its earlier gains heading into the weekend, as financial markets grappled with the implications of robust producer price inflation figures for July. The unexpected strength in these figures led
Read MoreEuro Poised for Near-Term Softness, but Strong Recovery Expected by 2024: Commerzbank Analysis
Introduction: As the Euro retreats from recent highs, Commerzbank analysts offer insights into the currency’s trajectory, projecting near-term softness driven by fundamental factors. However, the German bank remains steadfast in its outlook for a robust Euro recovery as the new
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