Yen Strengthens Against Pound on Declining US Bond Yields and Speculation of a Likely Change in BoJ Stance
The Yen gained ground against other currencies in the closing session of the week with a sustained recovery against a receding Dollar, as the Japanese currency pulled Sterling close to its November low against the backdrop of declining U.S. government
Read MoreSouth African Rand Shows Sign of Weakness
As per Goldman Sachs, the South African Rand is expected to endure larger losses if the U.S. dollar reverses further of its November fall, and it has also identified the British Pound as almost as susceptible for comparable reasons. After
Read MorePound Rallies Against the US Dollar Following Hunt’s Budget
Financial markets applauded the UK’s Autumn Statement, which pledged a restoration of fiscal sustainability, but the British Pound’s near-term path will be determined by global investor mood. As part of his efforts to guarantee that the nation’s finances stayed on
Read MorePound Rallies Against the US Dollar on Multiple Soothing Data
The British Pound maintained its Thursday advances against the US Dollar, the Euro, as well as other top currencies after the announcement on Friday of UK GDP figures indicating a 0.6% contraction in the UK economy in September. The market
Read MoreKiwi Dollar Rallies on Optimism About Chinese Market
On the eve of Saturday, the New Zealand Dollar as well as other Asia-centered currencies rose in response to speculation that China may relax its zero-Covid policy position. Chinese equities market strength was mirrored in the strengthening of the Australian
Read MoreYen Remains Weak as BoJ Remains Dovish
Last week, the Japanese Yen lagged behind other top currencies, which aided to preserve the GBP/JPY exchange rate at the six-year peaks recorded in early October. However, a section of analysts predict that Sterling will not be able to maintain
Read MoreYen Strengthens on Currency Market Intervention by Japan
On Thursday, the Japanese Yen surged against all other currencies after allegations that the administration in Tokyo had interfered in the Forex market to halt losses in a currency that had been subjected to attack from speculative traders for the
Read MorePound Sterling Stumbles as UK Economy Remains Rudderless
Investors judged that Prime Minister Lizz Truss has not done enough to restore trust in UK assets, resulting in a decline in the value of the British Pound heading into the weekend. Due to “present market problems,” Prime Minister Liz
Read MoreCanadian Dollar Outlook Remains Weak Despite Solid Labour Market Data
The Canadian Dollar rose as the Canadian economy broke a trend of negative employment statistics in September by adding 21,100 jobs; nevertheless, some experts caution that the result was hardly a “home run.” This was above the consensus estimate of
Read MorePound Strengthens On Unexpected GDP Growth Data
The British Pound seems poised to reach the end of the month on a stronger footing, having recorded gains versus the Euro, Dollar, and the majority of other currencies during the last week. The rebound from the substantial lows recorded
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