Euro 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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