Australian Dollar Gains Strength as Analysts Predict Sustained High-Interest Rates
The Australian Dollar, along with its high-risk counterparts, the New Zealand Dollar and Norwegian Krone, experienced significant gains in anticipation of a more positive risk sentiment trend. Analysts at Commerzbank, a global lender and investment bank based in Germany, have
Read MoreJapanese Yen Declines Amid Economic Challenges and Policy Decisions
The Japanese yen has continued its downward trajectory, marked by a series of losses that have persisted since around midnight yesterday. This trend has seen the US dollar strengthen against the Japanese yen (USD/JPY), reaching a new yearly high at
Read MoreBritish Pound Declines as UK Economy Faces Significant Slowdown
Economic Indicator Signals Worrying Contraction The British Pound has witnessed a continuous decline over several weeks as survey data indicates a substantial slowdown in the UK economy, surpassing anything observed since the onset of the Covid-19 lockdown. According to the
Read MoreCIBC Bank Recommends Selling Canadian Dollar Due to Weak Market Positioning
In a recent market analysis, strategists at CIBC Bank have advised selling the Canadian Dollar (CAD), citing unfavorable market positioning and the likelihood of disappointing economic data in Canada. The recommendation to sell the CAD is also rooted in the
Read MoreAustralian Dollar Surges on Positive Chinese Economic Data and Strong Domestic Jobs Report
The Australian Dollar (AUD) has continued its winning streak, bolstered by a combination of upbeat Chinese economic data and impressive domestic job figures. These positive indicators suggest that China’s economic downturn may be receding, while Australia’s job market remains robust.
Read MoreHSBC Analysis Signals Shift in Currency Markets, Predicts Euro and Pound Weakness
Amid evolving global economic dynamics, HSBC has released a noteworthy analysis indicating that the British Pound and Euro may have reached a turning point, prompting discussions about the resurgence of the US Dollar. This shift in perspective from HSBC follows a
Read MoreU.S. Labor Market Signals Slowdown Amidst Dollar Weakness
Recent labor market data has revealed that the U.S. economy continues to exhibit robust job growth, although signs of a slowdown have emerged in the August data released on September 01. The repercussions of this data have had a notable
Read MoreCanadian Dollar Weaker Following Disappointing Economic Growth Figures
The Canadian Dollar faced a setback against major currencies following the release of unexpectedly weak economic growth data for June and the second quarter. The Pound to pound-to-Canadian dollar exchange rate surged to a daily high of 1.72048 after Statistics
Read MorePound Struggles as Risk Sentiment Falters Amidst Rising US Yields
The Pound faced challenges below a crucial technical support level against the Dollar and encountered difficulties against the Euro on Friday. This development followed a weakening global market risk appetite, triggered by an earlier rally in government bond yields that
Read MorePound Sterling Softens as Retail Sales Dip Amid Weather Woes
Pound Sterling saw a slight retreat against major currencies, including the Euro and Dollar, in the recent week’s closing session. The decline followed the release of retail sales data for July, which indicated a more significant drop than anticipated. This
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