Markets News

GBP/CAD Pair On Course to Test 1.73 in the Week Ahead

Since the beginning of December, the GBP/CAD conversion rate has regained roughly 75% of its fall recorded in the past…

2 years ago

US Dollar Records its Worst Week Since August

The dollar index stayed near 96 Friday, indicating that it is on track to have its terrible week after August…

2 years ago

US Dollar Strengthens as PCE Consumer Prices Hit 39-Year High

Following a 0.4 percent decline in the earlier trading session, the dollar index traded almost unchanged to slightly higher on…

2 years ago

US Dollar Poised for Further Uptrend Against Canadian Dollar

While the Canadian dollar was trading about 1.284 in mid-December, it had weakened from a roughly one-week peak of 1.27933…

2 years ago

South African Rand Has Bottomed Out

Three consecutive daily advances has assisted in fueling the South African rand to the forefront of the performance rankings amongst…

2 years ago

Pound Gains Ground Against its Peers As BoE Lifts Rate Unexpectedly

The Bank of England increased its key interest rate by 15 basis points to 0.25 percent, prompting a rally in…

2 years ago

Kiwi Dollar Hovers Near 13-Month Low on Expectations of Further Policy Tightening by US Fed

On Wednesday, the New Zealand currency dropped below 0.6760 versus the US dollar, holding at 13-month lows and being sensitive…

2 years ago

Wells Fargo Predicts Dollar Strength to Continue for the Next Two Years

On Friday, the dollar index declined against a basket of currencies, as data indicated that US consumer price inflation surged…

2 years ago

Commerzbank Forecasts Pound-Euro Rate to Hit 1.22 in First Half of 2022

As per foreign currency strategists at Commerzbank, a Frankfurt-based lender and worldwide financial solutions provider, the Pound to Euro exchange…

2 years ago

Canadian Dollar Receives Bullish Outlook from National Bank of Canada

According to the National Bank of Canada, the Canadian Dollar's recent dip just adds to its undervaluation compared to fundamentals,…

2 years ago