Dollar Strengthens Amidst Fed’s Hawkish Tone
The Dollar has shown resilience following remarks from a prominent member of the U.S. Federal Reserve, signaling a departure from market expectations of immediate interest rate cuts. Chris Turner, Head of FX Research at ING Bank, notes that Christopher Waller’s
Read MoreUK Retail Sector Shows Signs of Recovery Amidst Economic Rebound
UK retail sales remained stagnant in February, a figure that exceeded expectations and signals a continued trend of improvement, indicating the UK’s departure from recessionary territory. Performance Metrics and Economic Outlook Despite February’s retail sales registering at 0.0% month-on-month, surpassing
Read MoreEuro-Dollar Forecast Downgraded Amid Shifting Economic Conditions
Analysts at SEB, the Scandinavian lender and investment bank, have revised their forecasts for the Euro-Dollar exchange rate, suggesting a potential breakout towards lower levels in the near future. Indicating a shift in economic conditions, SEB’s analysts believe that recent
Read MoreCanadian Dollar Stumbles Despite Strong Job Report; U.S. Influence Looms Large
The Pound to Canadian Dollar exchange rate reached a new 6-month high at 1.7314, following a Canadian jobs report that surpassed expectations. Despite the upbeat data, the Canadian Dollar finds itself among the day’s second-biggest G10 losers, reflecting its role
Read MoreDollar Strengthens Amidst Shifting Fed Expectations in 2024
In a recent update, Apollo Global Management, a major American money manager, has revised its outlook, suggesting that the Federal Reserve is unlikely to cut interest rates throughout 2024. This projection, if accurate, holds significant consequences for financial markets, especially
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