Markets News

Euro Rallies on Strong Eurozone GDP Data

Due to inflation and GDP numbers that were higher than expected by the market on the last trading day of…

2 years ago

South African Rand Outperforms G10 Currencies

A day after the South African Reserve Bank (SARB) attempted to dampen domestic inflation expectations and prevent currency depreciation by…

2 years ago

Kiwi Dollar Rallies on Comforting Statement of Federal Reserve’s Officials

Before the weekend, the financial markets reacted favorably to robust statistics on the US economy's growth as well as comforting…

2 years ago

Euro Could Lose Parity Against the US Dollar

The Euro barely escaped the psychologically critical threshold of parity versus the Dollar in the closing session of last week,…

2 years ago

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…

2 years ago

UK Inflation Hits 40-Yr High of 9.10% in May

As a result of higher costs for energy and food, consumer prices in the United Kingdom increased further in May…

2 years ago

Ruble Strengthens on Bank of Russia Rate Cut & Surge in Commodity Prices

The Russian ruble plummeted to historical lows on February 28, 2022, and residents of the country started withdrawing cash, leading…

2 years ago

Dollar Strengthens as Employment Data Boosts Prospects Of Further Rate Hikes

The US dollar rallied against its rivals on Friday as economic data reflected better-than-anticipated rise in the US non-farm payrolls,…

2 years ago

Dollar Turns Weak Against Rivals, But Euro is Unable to Take Advantage

The greenback lost ground against its peers on Friday, continuing its recent downtrend, against the backdrop of worries about interest…

2 years ago

Pound Strengthens on Unexpected Rise in the UK Retail Sales in April

The pound gained ground against its peers Friday following the release of better-than-anticipated economic data. According to the ONS, the…

2 years ago