Euro Remains Under Pressure as Russia Stops Gas Supply to Bloc
The GBP/EUR currency pair exchange rate has been consolidating as economic concerns of investors shift from the UK to the Eurozone following a reduction in the flow of Russian gas supplies to the bloc and against the backdrop of worries
Read MoreEuro Eclipses Pound as UK Witnesses Series of Poor Economic Data
The British Pound has fallen dramatically versus the Euro and the US Dollar after a series of dismal economic data readings. It is possible that economic growth in the UK may drop significantly since consumer confidence in the country has
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 MoreWas Beijing Behind “Co-Movement” of Currency Pairs Seen Last Week
A strong mid-week rise in the pound versus the greenback and Eurodollar has erased its early April falls, and there is corroboration that this buy began in Beijing and was designed to keep the trade-weighted renminbi from appreciating further. Despite
Read MoreCanadian Dollar Forecast to Remain Strong on 50-bps Rate Hike Expectations
With the Bank of Canada (BoC) policy announcement scheduled for coming Wednesday, the GBP/CAD exchange rate fell in the last trading session as the Loonie regained most of the ground lost to Sterling in the previous trading sessions. On Friday,
Read MoreCanadian Dollar to Remain Range Bound Against Greenback in April
The Canadian Dollar paused on Friday as the greenback and Sterling recovered from previous losses, benefiting CIBC Capital Markets analysts who purchased the latest USD/CAD slump, even as the Scotiabank team advises customers to trade GBP/CAD advances. As the greenback
Read MoreDollar Strengthens Against Rivals as Market Bets 50bps Rate Hike in May
In the the US session Friday, the greenback strengthened versus most of its key peers, as the US government rates increased amid rising anticipation that the Federal Reserve would tighten monetary policy forcefully to combat rising inflationary pressure. The 10-year
Read MorePound Signals Rally Against Dollar as Fed Rate Hike Fueled Rally Hits its Peak
According to some experts, the Dollar will find it difficult to prolong a multi-month uptrend as the market appears to have reached ‘maximal hawkishness’ in its estimates of future Federal Reserve interest rate increases, while others question the concept that
Read MoreAussie Weakens on Rising Covid-19 Cases in China
While officials in China try to claim on a zero-covid strategy, Chinese share prices have fallen and the Australian dollar has fallen as a result of this uncertainty. An additional 5.68 percent plunge in the Chinese A50 and a fresh
Read MoreStrengthening of Pound against Euro is Fueled by Worries Over Intensified Ukraine-Russia War
While there were concerns that the conflict in Ukraine was about to escalate dramatically, experts cut their projections for the European currency, pushing the pound to euro exchange rate over the 1.21 mark. Following reports that Russia had attacked Europe’s
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