Forex News

Canadian 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…

9 months ago

Dollar 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…

9 months ago

TD Securities Predicts RBNZ Interest Rate Hikes Amid Surging Inflation Expectations

TD Securities has joined the ranks of banks forecasting the Reserve Bank of New Zealand (RBNZ) to raise interest rates,…

9 months ago

The Interplay Between USD and Tech Stocks: Unveiling Market Dynamics

In recent discussions within the foreign exchange (FX) community, there is a growing debate on whether the fervor for Nvidia…

9 months ago

Commerzbank’s Positive Outlook for New Zealand Dollar Amid Challenges

The New Zealand Dollar has encountered challenges recently, influenced by various factors, according to an analysis by Commerzbank. Despite facing…

9 months ago

U.S. Inflation Surprises Weigh on Pound-Dollar Exchange Rate

The Pound to Dollar exchange rate faced downward pressure towards the end of the week following a recent U.S. inflation…

9 months ago

New Zealand Dollar Strengthens Amidst Anticipation of Further Interest Rate Rise

The New Zealand Dollar (NZD) exhibits resilience in the currency markets, demonstrating strength as traders factor in the likelihood of…

10 months ago

Australian Dollar Faces Early Challenges in 2024, but Resilience Expected

The Australian Dollar has encountered a challenging start to the year 2024, yet UBS strategists remain optimistic about the currency's…

10 months ago

Bank of England Hints at Interest Rate Cut, Pound Volatility Ensues

In a noteworthy turn of events, the British Pound experienced volatility following the Bank of England's decision to maintain existing…

10 months ago

Robust US Job Data Stalls Rate Cut Speculations, Puts Dollar Bulls in Charge

The Pound Sterling faced a substantial downturn against the resilient US Dollar after the release of robust employment and wage…

10 months ago