South African Rand Weakens on FATF Greylisting
In unfavorable global market scenarios preceding the weekend and in response to a “greylisting” judgment by the Financial Action Task Force, the South African Rand trailed a number of comparable currencies (FATF). On Friday, the South African Rand fell against
Read MorePound Loses Momentum as BoE Hints Smaller Rate Hikes
The Bank of England (BoE) risks going overboard if it keeps raising the Bank Rate as rapidly as it has in recent months, according to its chief economist Huw Pill, who hints that he, too, may prefer a swing back
Read MoreCanadian Dollar Strengthens on Overwhelmingly Positive Canadian Jobs Data
GBP/CAD declined as a result of Statistics Canada’s announcement of a substantial rise in the labor force for January, which was comparable to the growth in non-farm payrolls witnessed across the frontier only last week. In January, Canada’s labor market
Read MoreUS Dollar Strengthens Against Pound on Solid Employment Data
Following the announcement of unexpectedly robust US data, the British Pound came under substantial pressure versus the Euro and the US Dollar just before the weekend. Regardless of a series of activity-restricting interest rate rises by the US Federal Reserve,
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