Forex News

BMO Capital Forecasts Further Upside to the Canadian Dollar

Analysts at BMO Capital Markets have suggested buying the Canadian dollar on dips against the backdrop of national budget and…

3 years ago

Aussie Turns Weak on Vaccination Issues

Following remarks from a top government minister that state borders could stay largely sealed for an unspecified amount of time,…

3 years ago

Weak Economic Data, Geopolitical Worries Push Russian Ruble to 5-Month Low

The Russian ruble faced heavy sell off last week, with the currency breach $77 mark for the foremost time since…

3 years ago

Canada Economy Gains Momentum as Ivey PMI Hit 10-yr High

The Canadian dollar eclipsed other top currencies Wednesday and continued to stay as the leader amongst the bouquet of major…

3 years ago

US Dollar Index Ends the Week at 5-Month High

The dollar index remained almost unaltered at 92.90 in a lackluster trading session on Good Friday, reflecting levels which were…

3 years ago

US Dollar Down as Pending Home Sales Decline for the First Time in Nine Months

Private enterprises in the US added 517,000 jobs in March, compared with economists’ expectations of 550,000 job additions. The reported…

3 years ago

Pound Hits Seven Week Low as Consumer Price Inflation Weakens in February

The pound declined to seven-week low of 1.3677 against the greenback on intense selling pressure, before regaining some of the…

3 years ago

Turkish Lira Strengthens on Strong Rate Hike & Positive Economic Data

The Turkish lira strengthened to 7.20 per US dollar after the central bank of Turkey (Türkiye Cumhuriyet Merkez Bankası, TCMB)…

3 years ago

US Housing Starts Hit 6-Month Low as 10Y Bond Yield Hits 13-Month High

The US Treasuries with 10-year maturity period recorded a yield of 1.65% against the backdrop of Fed monetary policy decision…

3 years ago

Strong Job Additions Propel Canadian Dollar to Two Week High

The Canadian dollar breached two-week high of 1.25 per US dollar in mid-March, against the backdrop of upbeat labor market…

3 years ago