Pound to Dollar Exchange Rate Rises as US Jobs Report Falls Short of Expectations
The Pound to Dollar exchange rate experienced a notable increase following the release of a key US jobs report that fell below market expectations. The disappointing data prompted a decrease in expectations for Federal Reserve interest rate hikes. However, the
Read MorePound to Canadian Dollar Rate Falls as Canadian Employment Rebounds
The Pound to Canadian Dollar rate experienced a decline from its recent highs in the final session of the week following a report by Statistics Canada. The report revealed a rebound in employment and a moderation of pay growth, which
Read MoreReserve Bank of Australia’s Interest Rate Decision: Crucial for Pound to Australian Dollar Exchange Rate
Based on an analysis conducted by market experts, the recent trajectory of the Pound to the Australian Dollar exchange rate indicates that the forthcoming interest rate decision by the Reserve Bank of Australia (RBA) on Tuesday will play a pivotal
Read MoreEuro 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
Read MoreAustralian Dollar Weakens On Indications of Softening of the Economy
During the last session of the week, the exchange rate between the Pound and the Australian Dollar remained strong, close to its recent highs. This was due to positive economic developments between the two countries, which helped to maintain a
Read MoreUS Dollar Shines on Signs of Resilient Economy and Debt Ceiling Resolution
Amid a global improvement in investor sentiment, the British Pound remained above 1.15 against the Euro and recovered from previous losses against the US Dollar, as investors rebalanced their portfolios in anticipation of the weekend. It is anticipated that the
Read MoreTrend of Canadian Dollar to be Determined by Inflation Figures
Last week’s final session saw the Pound to Canadian Dollar exchange rate staying close to the middle of a potential short-term range. The Canadian inflation data scheduled for next Wednesday may cause a shift toward either 1.67 or 1.72. During
Read More
