US Dollar Declines on Weak Economic Data
The Euro to Dollar currency exchange rate surged to reclaim the 1.06 level ahead of the weekend after a diverse set of U.S. economic data, including another robust non-farm payrolls report accompanied by a significant drop in a key indicator
Read MoreJapan Housing Starts Unexpectedly Decline by 1.40%y-o-y in Nov
The yen remained range bound in the Asian session (Tuesday) following reports of mixed economic data from Japan. While the unemployment rate inched down in November, retail sales for the same period missed estimates. Also, the housing starts data was
Read MorePound Signals Rebound after Intense Volatility
The Pound to Dollar exchange rate declined significantly in the last session of the week, capping a difficult time for the pound and numerous other currencies, although it seemed to be stabilizing beyond its 200-day moving average before the weekend.
Read MorePound Remains in a Downtrend Against the Euro and the US Dollar
In the following months, experts at the world’s top foreign currency main dealer predict that the British Pound will decline near the lows of 2022. Citibank’s most recent currency study indicates the Dollar is expected to return to its previous
Read MoreYen Strengthens Against Pound on Declining US Bond Yields and Speculation of a Likely Change in BoJ Stance
The Yen gained ground against other currencies in the closing session of the week with a sustained recovery against a receding Dollar, as the Japanese currency pulled Sterling close to its November low against the backdrop of declining U.S. government
Read MoreSouth African Rand Shows Sign of Weakness
As per Goldman Sachs, the South African Rand is expected to endure larger losses if the U.S. dollar reverses further of its November fall, and it has also identified the British Pound as almost as susceptible for comparable reasons. After
Read MorePound Rallies Against the US Dollar Following Hunt’s Budget
Financial markets applauded the UK’s Autumn Statement, which pledged a restoration of fiscal sustainability, but the British Pound’s near-term path will be determined by global investor mood. As part of his efforts to guarantee that the nation’s finances stayed on
Read MorePound Rallies Against the US Dollar on Multiple Soothing Data
The British Pound maintained its Thursday advances against the US Dollar, the Euro, as well as other top currencies after the announcement on Friday of UK GDP figures indicating a 0.6% contraction in the UK economy in September. The market
Read MoreKiwi Dollar Rallies on Optimism About Chinese Market
On the eve of Saturday, the New Zealand Dollar as well as other Asia-centered currencies rose in response to speculation that China may relax its zero-Covid policy position. Chinese equities market strength was mirrored in the strengthening of the Australian
Read MoreYen Remains Weak as BoJ Remains Dovish
Last week, the Japanese Yen lagged behind other top currencies, which aided to preserve the GBP/JPY exchange rate at the six-year peaks recorded in early October. However, a section of analysts predict that Sterling will not be able to maintain
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