US Dollar Ends Week On a Stronger Note, but Euro is Expected to Catch Up Soon
The US dollar finished the week in condescending disregard of its skeptics Friday as currency exchange rates along with the US government bond returns, as a result of a barrage of economic jolts, and a few at the end-of-the-day drops
Read MoreNatWest – Pound to Lose Gains Against EUR, US Dollar in Third-Quarter
According to analysts at Natwest, the pound will maintain its momentum against the euro and the US dollar in the weeks ahead but the thrust is likely to evaporate in the second half of this year, giving an opportunity for
Read MoreNew Zealand Dollar Continues to Trade Near Six Week Highs
The kiwi dollar gained 0.09% to trade at 0.7185 on Friday morning, aided by risk on sentiment after fears of increasing inflationary pressure startled market participants earlier this week. Domestic 10-year rates hit 2-month high of 1.886%, while the US
Read MorePound Surges on Weak US Non-Farm Private Payroll Data
The US dollar declined sharply against its peers after data indicated that the country’s economy added far lesser jobs than consensus estimates for April. Specifically, the long-awaited non-farm payrolls (NFP) data reflected 266,000 job additions in April, far lower than
Read MorePound Signals Further Strengthening Against Major Currencies
The GBP/AUD pair has begun its uptrend and the scenario could remain bullish in the days and weeks ahead as the comparative central bank policy outlook calls for Sterling’s better performance against the Aussie. The pound rallied against several major
Read MoreJapanese Yen Strengthens Amid Likely ‘Short Squeeze’
The yen eclipsed other top currencies Tuesday following the monetary policy meeting by the Bank of Japan (BoJ) and against the backdrop of rising demand for safe-haven assets, even though there is a room to appreciate again in the forthcoming
Read MoreEuro Breaks Above 1.21, More Highs to Come in the Weeks Ahead
The euro dollar has gained ground against a slightly weaker greenback in the last 24 hours as analysts forecast the EUR/USD to make another attempt to test this year’s high. On January 5th, the spot market witnessed the EUR/USD hit
Read MoreCrédit Agricole Expects Further Strengthening of the New Zealand Dollar
Last week, the kiwi dollar has eclipsed all other top currencies in performance, paving way for Westpac, Crédit Agricole CIB and other to suggest buying the kiwi dollar in expectation of another round of uptrend in the days ahead. In
Read MoreCanadian Dollar Rallies on Bank of Canada’s Upgraded Economic Outlook
The Canadian dollar rallied Wednesday and while doing so pushed the GBP/CAD pair downwards from their weekly high after the BoC (Bank fo Canada) revealed its decision to maintain interest rate at a record low level of 0.25%, while slashing
Read MoreBMO Capital Forecasts Further Upside to the Canadian Dollar
Analysts at BMO Capital Markets have suggested buying the Canadian dollar on dips against the backdrop of national budget and the central bank’s monetary policy meeting next week. The outcome of those events may affect the demand for the Canadian
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