US Dollar Index Rebounds from 2-Month Lows Despite Weak Retail Sales Data
After a series of significant declines in recent trading sessions, the US dollar recovered little ground in Friday’s trade. The US dollar index rose 0.39 points (or 0.4%), to 95.18, a rebound from two-month lows. The dollar ended Friday’s trading
Read MoreEuro Declines on Fed Rate Hike Expectations, Contradicting Eurozone’s Pandemic Low Unemployment Rate
In European trade on Monday, the euro sank versus its most important rivals, as European markets fell before the release of the US consumer inflation (CPI) data, which is likely to bolster chances for a Fed rate rise in March.
Read MoreUS Dollar Strengthens on Upbeat ADP Non-Farm Data and Safe Haven Asset Demand
The US dollar strengthened against its main rivals on Monday, as an increase in coronavirus infections throughout the world boosted appetite for the safe-haven asset. The rise was also spurred by spectacular ADP non-farm job creation figures. Furthermore, increased treasury
Read MoreGBP/CAD Pair On Course to Test 1.73 in the Week Ahead
Since the beginning of December, the GBP/CAD conversion rate has regained roughly 75% of its fall recorded in the past few weeks. However, the Loonie’s under-performance against other riskier currencies, until the end of this year, could pave way for
Read MoreUS Dollar Records its Worst Week Since August
The dollar index stayed near 96 Friday, indicating that it is on track to have its terrible week after August as risky financial assets recovered. The dollar remained weak versus stocks, bond rates, and currencies susceptible to risk as market
Read MoreUS Dollar Strengthens as PCE Consumer Prices Hit 39-Year High
Following a 0.4 percent decline in the earlier trading session, the dollar index traded almost unchanged to slightly higher on Thursday, rising over 96 as investors mulled a hefty collection of economic numbers. Personal expenditure growth would slow to 0.6
Read MoreUS Dollar Poised for Further Uptrend Against Canadian Dollar
While the Canadian dollar was trading about 1.284 in mid-December, it had weakened from a roughly one-week peak of 1.27933 reached on December 16th, as top central banks took a more hawkish tone in contradiction to the Bank of Canada’s
Read MoreSouth African Rand Has Bottomed Out
Three consecutive daily advances has assisted in fueling the South African rand to the forefront of the performance rankings amongst key advanced and emerging markets for the week ended December 19. The South African Rand surged all through the second
Read MorePound Gains Ground Against its Peers As BoE Lifts Rate Unexpectedly
The Bank of England increased its key interest rate by 15 basis points to 0.25 percent, prompting a rally in the British Pound. In the seconds after the news, the pound sterling was half a percent higher versus the euro
Read MoreKiwi Dollar Hovers Near 13-Month Low on Expectations of Further Policy Tightening by US Fed
On Wednesday, the New Zealand currency dropped below 0.6760 versus the US dollar, holding at 13-month lows and being sensitive to omicron-related stories and expectations of additional Federal Reserve policy tightening. Since the beginning of November, the Kiwi has been
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