Canadian Dollar could Rebound on Rising Expectations of Rate Hike, Despite Weak Nov Retail Sales

On Friday, the Canadian currency fell beyond $1.25, its lowest level since January 14th, as investors flee risky investments.Softer-than-anticipated earnings from corporations that rose during the epidemic began to weigh on the US stock market, as tensions between Russia and

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Fed Rate Hike Worries Keep the Euro Weak Despite Overwhelmingly Positive ZEW Economic Sentiment Data

The euro fell against almost all of its main competitors during European session mood of risk aversion prevailed in the market. The US long-term (10-year) treasury rates soared to a two-year peak on growing anticipation that the Federal Reserve would

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US Dollar Index Rebounds from 2-Month Lows Despite Weak Retail Sales Data

After a series of significant declines in recent trading sessions, the US dollar recovered little ground in Friday’s trade. The US dollar index rose 0.39 points (or 0.4%), to 95.18, a rebound from two-month lows. The dollar ended Friday’s trading

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Euro Declines on Fed Rate Hike Expectations, Contradicting Eurozone’s Pandemic Low Unemployment Rate

In European trade on Monday, the euro sank versus its most important rivals, as European markets fell before the release of the US consumer inflation (CPI) data, which is likely to bolster chances for a Fed rate rise in March.

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US Dollar Strengthens on Upbeat ADP Non-Farm Data and Safe Haven Asset Demand

The US dollar strengthened against its main rivals on Monday, as an increase in coronavirus infections throughout the world boosted appetite for the safe-haven asset. The rise was also spurred by spectacular ADP non-farm job creation figures. Furthermore, increased treasury

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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 few weeks. However, the Loonie’s under-performance against other riskier currencies, until the end of this year, could pave way for

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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 as risky financial assets recovered. The dollar remained weak versus stocks, bond rates, and currencies susceptible to risk as market

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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 Thursday, rising over 96 as investors mulled a hefty collection of economic numbers. Personal expenditure growth would slow to 0.6

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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 reached on December 16th, as top central banks took a more hawkish tone in contradiction to the Bank of Canada’s

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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 key advanced and emerging markets for the week ended December 19. The South African Rand surged all through the second

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