Forex News

Analysts issue Bullish Outlook for Canadian Dollar

The Canadian dollar, a commodity currency, is strengthening against its peers as the outlook for crude oil has turned bullish.…

4 years ago

Pound Consolidates Near Three Year High Against the Dollar

The British pound continues to hover around three-year high of $1.3850, aided by chances of a speedier economic rebound in…

4 years ago

Russian Ruble Rebounds from 2-Month Low as Services, Mfg. PMI Records Robust Increase

The Russian ruble rebounded slightly after hitting a two-month low of 76.20 against the greenback last week as Brent crude…

4 years ago

British Pound Rebounds as BoE Maintains Interest Rate

The Bank of England left its benchmark interest rate unchanged at a historical low of 0.1% in a unanimous decision,…

4 years ago

Covid-19 Restrictions Caused US Personal Spending to Decline in December

A series of mixed economic data ensured a range bound movement of the greenback against other major currencies Friday. However,…

4 years ago

Argentina Economic Outlook for 2021 as Peso Hits New All-Time Low

The Argentine Peso recorded a historical low of 86.3870 against the US dollar Friday, raising concerns about country’s economy outlook.…

4 years ago

Canada Housing Starts Miss Estimates for December

According to the Canada Mortgage and Housing Corporation (CMHC), housing starts decreased to 228,000 units in December, from 261,000 units…

4 years ago

Russian Ruble Declines Further, After Losing 18% in 2020

The Russian ruble lost further ground to trade at 74.60 against the greenback, against the backdrop of sluggishness in oil…

4 years ago

German Industrial Production Manages to Grow Marginally In November

A plethora of economic data published from the euro zone Friday indicated overall weakness in economic activity, despite some bright…

4 years ago

Eurozone Private Sector Activity Contracts in December

A plethora of economic data (December) released today indicated another month of decline in the economic activity in the Eurozone,…

4 years ago