Pound Remains Strong Against the Euro as BoE Signals Likelihood of Additional Hikes

Some analysts anticipate future gains for the British pound in the aftermath of the Bank of England’s most recent interest rate increase. As anticipated, the Bank raised interest rates by 25 basis points and stated that future rate increases would

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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 haul. HSBC argues that the UK economy does not have the wherewithal to bolster its currency over a multi-year period

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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 US government bond rates to re-emerge the Japanese yen fell across the deck in the run-up to the weekend. Japan’s

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US Manufacturing Index Hits Two-year Low in June

In the European session on Friday, the US dollar rose versus its main rivals as European markets sank on increasing concerns of a recession in the aftermath of a speedier policy tightening by major central banks to combat skyrocketing inflation.

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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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Malaysian Ringgit’s Trend to be Decided by Multiple External Factors

As per an economist, the ringgit is forecast to be affected by external forces next week, with investors having a close watch on retail sales data from the United States. When queried if the ringgit would stay weak in the

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HSBC 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

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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 figure reflects the largest rise in private payrolls since October 2020. Service sector added 437,000 jobs, aided by 169,000 job

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Dollar Hits 4-Month High on Rising Optimism Over Robust Economic Rebound

The US dollar index shot over 92.70 against a bouquet of currencies Friday, just notches away from the four-month high of 92.92 recorded in the earlier session and on track to record a 0.8% weekly increase as better-than-anticipated weekly jobless

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Pound Trades Near 2-Yr High Against Dollar on Covid-19 Vaccine Induced Optimism

The British pound is witnessing revived buying interest as multiple analysts point to the country’s vaccine launch as the primary reason for the demand. At the time of writing this article, the pound to dollar exchange rate has rebounded to

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