Pound Signals Rally Against Dollar as Fed Rate Hike Fueled Rally Hits its Peak
According to some experts, the Dollar will find it difficult to prolong a multi-month uptrend as the market appears to have reached ‘maximal hawkishness’ in its estimates of future Federal Reserve interest rate increases, while others question the concept that
Read MoreAussie Weakens on Rising Covid-19 Cases in China
While officials in China try to claim on a zero-covid strategy, Chinese share prices have fallen and the Australian dollar has fallen as a result of this uncertainty. An additional 5.68 percent plunge in the Chinese A50 and a fresh
Read MoreStrengthening of Pound against Euro is Fueled by Worries Over Intensified Ukraine-Russia War
While there were concerns that the conflict in Ukraine was about to escalate dramatically, experts cut their projections for the European currency, pushing the pound to euro exchange rate over the 1.21 mark. Following reports that Russia had attacked Europe’s
Read MoreEuro Could Appreciate on Rate Disparities Between the Fed and the ECB
The euro declined against the greenback to 1.1315 Friday following the report of solid US existing home sales data for January. The weak Eurozone consumer confidence data also enabled the greenback to gain ground against the euro. However, economists believe
Read MoreEuro Declines As Lagarde Warns Against Rapid Rate Hike
The euro fell versus its main equivalents during the European session Friday, in response to remarks from the ECB (European Central Bank) President Christine Lagarde, who said that a hasty rate rise would be detrimental to the economy and that,
Read MoreEuro May Gain Further Ground on Short Squeeze
The US dollar strengthened against most of its main competitors on Friday after the Labor Department reported that US employment rose far more than predicted in January. The US dollar strengthened against most of its main competitors on Friday after
Read MoreDollar 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
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