Euro Plunges on Poor Eurozone PMI Data
The Euro to Dollar exchange rate (EURUSD) experienced significant downward pressure ahead of the weekend following the release of economic survey data that was described by one economist as “dreadful.” This has prompted economists to suggest that it may be
Read MorePound Sterling Resilient Against Euro and Dollar Amid Stronger-than-Expected Economic Performance
According to Bank of America, the Pound is expected to maintain its strength despite the unfavorable economic outlook in the UK. The bank, known for its bearish stance on the Pound, has revised its forecasts due to the economy’s better-than-expected
Read MoreCanadian Dollar Dips on Weak Employment Data
According to the latest report from Statistics Canada, the Canadian Dollar experienced a significant decline prior to the weekend. This decline followed the revelation of a decrease in local employment levels, marking the first outright fall since the last ‘lockdown’.
Read MorePound’s Rally Against Euro Remains Intact as Market Expects Further Hikes by the BoE
As per the analysis of an investment bank, the British Pound has exhibited a 3.0% appreciation against the Euro in 2023, leading to the attainment of the highest exchange rate since December. The bank predicts that there will be additional
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