Euro Continues its Losing Streak as Gas Prices Surge

The Eurodollar continued its downtrend last week against the backdrop of another sharp rise in natural gas prices, aided by reports of Russia initiating new steps to turn off the taps to Europe. The Eurodollar declined fell to its major

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Pound Remains Weak Despite the Recent Decline

The pound lost considerable ground against the euro, the US dollar, and other top currencies in the week that ended and analysts stated that additional losses are likely in the week ahead even though a short-term rebound cannot be brushed

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Euro Remains Under Pressure as Russia Stops Gas Supply to Bloc

The GBP/EUR currency pair exchange rate has been consolidating as economic concerns of investors shift from the UK to the Eurozone following a reduction in the flow of Russian gas supplies to the bloc and against the backdrop of worries

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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

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Japanese 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

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Was 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

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Canadian 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,

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Canadian 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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Dollar Strengthens Against Rivals as Market Bets 50bps Rate Hike in May

In the the US session Friday, the greenback strengthened versus most of its key peers, as the US government rates increased amid rising anticipation that the Federal Reserve would tighten monetary policy forcefully to combat rising inflationary pressure. The 10-year

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Pound Signals Rally Against Dollar as Fed Rate Hike Fueled Rally Hits its Peak

According to some experts, the Dollar will find it difficult to prolong a multi-month uptrend as the market appears to have reached ‘maximal hawkishness’ in its estimates of future Federal Reserve interest rate increases, while others question the concept that

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