Yen Continues to Trade Near Four-Week High as Vaccination Gathers Pace

The Bank of Japan left the near-term benchmark interest rate unaltered at -0.1% and maintained the target for the 10-year Japanese government bond yield at about 0% during the July meeting, as broadly anticipated, supported by a 8-1 vote. In

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Aussie Up on Strong Chinese Trade Data

Following the publication of several better-than-anticipated Chinese statistics, the Aussie was seen eclipsing its rivals, confirming that events in the world’s second-largest economy continue to be an important determinant of currency movements. In June, China’s imports increased by 36.7% year

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Pound Galloped Against Loonie In spite of Positive Job Data from Canada

The Pound-to-Canadian Dollar exchange rate rose in the closing session of the week, as the Loonie seemed to ignore stronger-than-anticipated June employment numbers from Statistics Canada, allowing GBP/CAD’s break out from a two-month trading range to go unhindered. The Canadian

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Aussie Strengthens on RBA’s Decision to Taper Bond Purchases

The Australian Dollar remains the top performing major currency so far this week following the Reserve Bank of Australia (RBA) announcement that it will begin tapering its asset purchase initiative in response to the economy’s continued growth. The Australian Dollar

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UK’s Tilt Away from the EU Could Eventually Put the Pound at Advantage

As per recent research from BMO Capital Markets, the UK’s evolving trade agreement with the EU and the rest of the region might be beneficial to the British Pound. BMO Capital Markets continues to prefer the Pound over the Euro

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South African Rand Holds its Fort Against Major Currencies

In a prolonged display of tenacity, the South African currency has held its territory against several major currencies, having put GBP/ZAR below 19.90 and forcing it on the back foot. In the previous week, the Rand has climbed against all

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New Zealand Dollar Strengthens on Robust Economic Rebound

The Kiwi dollar gained ground against its peers before the end of last week’s trading. Specifically, the New Zealand dollar recorded its robust gain against the pound, which did not fare well even against the greenback. Notably, the US dollar

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Pound Strengthens on Soothing of EU-UK Trade War Worries

The British Pound gained ground in the mid-week trade, with market experts citing news indicating that strains between the EU and the UK over the Northern Ireland agreement were lessening. According to a Bloomberg article, “British and European officials are

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Japanese Yen Surprises Market by Outperforming the US Dollar

After completely disregarding a roaring comeback in Dollar exchange rates that occurred against the backdrop of signals of disparity between the Federal Reserve (Fed) and the Bank of Japan, the Japanese Yen was a relative outperformer on Friday and on

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Pound Continues to Consolidate Against the Aussie

If Australia’s continuous fight to resuscitate a lengthy insufficient rate continues to make the antipodean currency a slacker among global currencies, the Pound-to-Australian Dollar exchange rate may likely maintain a climb over 1.84 in the coming weeks and months. In

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