Trend of Canadian Dollar to be Determined by Inflation Figures
Last week’s final session saw the Pound to Canadian Dollar exchange rate staying close to the middle of a potential short-term range. The Canadian inflation data scheduled for next Wednesday may cause a shift toward either 1.67 or 1.72. During
Read MorePound Sterling Gains Ground Against Euro & Dollar as Inflation Data Suggests Another Rate Hike by BoE
The British Pound went up against the Euro, the U.S. Dollar, and most of its other peers after a string of strong inflation numbers in the UK. These numbers mean that the Bank of England will raise interest rates again
Read MoreSafe Haven Buying Propels Greenback Against the Euro Despite Weak US Retail Sales
When U.S. retail sales numbers came out and they were much lower than expected, the Dollar got stronger and stocks went down. Retail sales in the US fell 1.0% from February to March, which was worse than the expected 0.4%
Read MorePound 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
Read MorePound 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
Read MoreYen 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
Read MoreUS 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.
Read MoreJapanese 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
Read MoreMalaysian 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
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
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