Wells Fargo Forecasts Pound Weakness to Continue Until Late 2023
Wells Fargo said in their August financial technical report that they “As a consequence of the Federal Reserve’s hawkish stance, dollar momentum is expected to persist through the final leg of 2022. We now anticipate the dollar might reach its
Read MoreSouth African Rand Hits Near Yearly Lows
The South African Rand was approaching some of its worst levels in over a year prior to the weekend, as liquidation in the Chinese Renminbi and rebound by the US Dollar derailed a multi-week rebound and sparked a ferocious decline
Read MoreRussian Ruble Could Weaken in the Months Ahead as Economic Data Falters
As per the Bank of Russia’s macroeconomic forecast, the USD/RUB exchange rate is projected to average 70.4, 75.0, and 80.0 in 2023-2025. Presently, the USD/RUB exchange rate is at 60.50. Nevertheless, the most recent economic data shows that the ruble
Read MoreYen Marred by Dollar’s Uptrend as Robust Jobs Data Lifts US Bond Yields
Following seemingly jaw-dropping employment and salary numbers that seemed to entice an already aggressively hawkish Federal Reserve (Fed), and stunned US government bond rates to re-emerge the Japanese yen fell across the deck in the run-up to the weekend. Japan’s
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