South African Rand Declines as Fed Remains Hawkish
The South African Rand declined under volatile market circumstances ahead of the weekend, as experts repeated their pessimistic outlooks for the currency due in large part to the Federal Reserve’s (Fed) aggressive stance on interest rates. Only the British pound,
Read MorePound Hits Near Four Decade Low Versus US Dollar as Retail Sales Decline 1.60% in August
August retail sales in the United Kingdom declined at the fastest rate in eight months due to a growing cost-of-living problem and falling consumer optimism. The 1.6% loss was over three times the reduction projected by experts and illustrates the
Read MoreCanadian Dollar and Job Market Concerns
In August, Canada posted a loss of 39,700 jobs, supporting economists’ projections for a slump and a halt in the Bank of Canada’s rate rises. The information was issued on a day when the Canadian dollar was falling versus the
Read MorePound Poised for Further Decline
In accordance with recent research undertaken by HSBC, the UK economy is conditioned to devalue its currency in the long haul. HSBC argues that the UK economy does not have the wherewithal to bolster its currency over a multi-year period
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