Surprise rate hike by BoC propels Canadian dollar
The EUR/CAD pair remained range bound between 1.4600 and 1.5000 for the past five months. While the French election, notable improvement in the economy, increase in inflationary pressure, and anticipation of ECB tapering kept the Euro stronger, the Canadian dollar
Read MoreEuro turns weak on soft service sector PMI data
North Korea’s aggressive rhetoric and expectations of an announcement regarding the ECB tapering has strengthened the Euro dollar against the Greenback, Pound and the New Zealand dollar. However, many analysts had warned that the Euro has strengthened to an uncomfortably
Read MoreIBM bets on block chain & AI initiatives for future growth
In mid-July, software company International Business Machines (NYSE: IBM) reported a decline in the fiscal 2017 second-quarter revenues, compared with the corresponding quarter of fiscal 2016. The 21st sequential decline in quarterly revenue prompted a sell off that saw the
Read MoreStrong Q2 GDP growth turns Greenback bullish
The USD/MXN pair has been on a decline for the past six-months. The inability of the Trump administration to push through the much anticipated tax reforms, failure to repeal Obama care, soft inflationary pressure, and weak wage growth had kept
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