Forex News

Pound Strengthens On Unexpected GDP Growth Data

The British Pound seems poised to reach the end of the month on a stronger footing, having recorded gains versus…

2 years ago

South African Rand Declines as Fed Remains Hawkish

The South African Rand declined under volatile market circumstances ahead of the weekend, as experts repeated their pessimistic outlooks for…

2 years ago

Pound Hits Near Four Decade Low Versus US Dollar as Retail Sales Decline 1.60% in August

August retail sales in the United Kingdom declined at the fastest rate in eight months due to a growing cost-of-living…

2 years ago

Canadian Dollar and Job Market Concerns

In August, Canada posted a loss of 39,700 jobs, supporting economists' projections for a slump and a halt in the…

2 years ago

Pound Poised for Further Decline

In accordance with recent research undertaken by HSBC, the UK economy is conditioned to devalue its currency in the long…

2 years ago

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,…

2 years ago

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…

2 years ago

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…

2 years ago

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…

2 years ago

Euro Rallies on Strong Eurozone GDP Data

Due to inflation and GDP numbers that were higher than expected by the market on the last trading day of…

2 years ago