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
Read MoreJapanese 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
Read MorePound 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
Read MoreHSBC Analyst – US Dollar Could Strengthen in Days Ahead
As per a prominent foreign currency trader, the Pound-to-Dollar exchange rate (GBP/USD) failed to substantially breach and hold 1.42 in 2021, and it is doubtful to do so in the immediate future. “I think it will be tough for the
Read MoreUnresolved Brexit Issues Limit Pound’s Gains Over the US Dollar
The worsening ties between the EU and the UK will be the spotlight in the days ahead, amid rumors of a likely trade war between both parties if a deal on enforcing the Northern Ireland protocol cannot be reached. After
Read MoreGoldman Sachs – Euro to Strengthen Against the Swiss Franc
The Swiss franc has regained the lost ground against the greenback, the euro and the pound in the first-quarter, even though Goldman Sachs and UBS has opined that it has created a notable investment opportunity in the EUR/CHF exchange pair.
Read MoreRussian Ruble Backs Down From 2-1/2-Month High
The Russian ruble has declined to 73.60 against the greenback, after recording an 11-week high of $72.90 by the end of last month. The strengthening of the ruble was led by an increase in oil prices which gained momentum on
Read MorePound Sterling’s Further Uptrend Depends on the UK Consumer Spending
The British Pound gained a more solid footing before of the weekend as a Bank of England member cautioned that an interest rate hike may be necessary earlier than the street presently thinks, although advances might well be restricted due
Read MoreNew Zealand Dollar Strengthens On Hawkish Policy Statement By RBNZ
After the Reserve Bank of New Zealand startled the market with a ‘hawkish’ monetary policy statement, the New Zealand Dollar surged back into action on Wednesday, pushing GBP/NZD into a nosedive as it led the table of top currencies into
Read MoreUS Dollar Ends Week On a Stronger Note, but Euro is Expected to Catch Up Soon
The US dollar finished the week in condescending disregard of its skeptics Friday as currency exchange rates along with the US government bond returns, as a result of a barrage of economic jolts, and a few at the end-of-the-day drops
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