Dollar Retreats After Release of US Personal Income & Spending Data
The US dollar reversed prior gains against its peers Friday, as anticipation for a rapid tightening of monetary policy by the Federal Reserve fell somewhat in the wake of the recent numbers on core consumer price increases, personal income and
Read MoreCanadian 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
Read MoreFed 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
Read MoreUS 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
Read MoreEuro 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.
Read MoreUS 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
Read MoreGBP/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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