Pound Galloped Against Loonie In spite of Positive Job Data from Canada
The Pound-to-Canadian Dollar exchange rate rose in the closing session of the week, as the Loonie seemed to ignore stronger-than-anticipated June employment numbers from Statistics Canada, allowing GBP/CAD’s break out from a two-month trading range to go unhindered. The Canadian
Read MoreAussie Strengthens on RBA’s Decision to Taper Bond Purchases
The Australian Dollar remains the top performing major currency so far this week following the Reserve Bank of Australia (RBA) announcement that it will begin tapering its asset purchase initiative in response to the economy’s continued growth. The Australian Dollar
Read MoreUK’s Tilt Away from the EU Could Eventually Put the Pound at Advantage
As per recent research from BMO Capital Markets, the UK’s evolving trade agreement with the EU and the rest of the region might be beneficial to the British Pound. BMO Capital Markets continues to prefer the Pound over the Euro
Read MoreSouth African Rand Holds its Fort Against Major Currencies
In a prolonged display of tenacity, the South African currency has held its territory against several major currencies, having put GBP/ZAR below 19.90 and forcing it on the back foot. In the previous week, the Rand has climbed against all
Read MoreNew Zealand Dollar Strengthens on Robust Economic Rebound
The Kiwi dollar gained ground against its peers before the end of last week’s trading. Specifically, the New Zealand dollar recorded its robust gain against the pound, which did not fare well even against the greenback. Notably, the US dollar
Read MorePound Strengthens on Soothing of EU-UK Trade War Worries
The British Pound gained ground in the mid-week trade, with market experts citing news indicating that strains between the EU and the UK over the Northern Ireland agreement were lessening. According to a Bloomberg article, “British and European officials are
Read MoreJapanese Yen Surprises Market by Outperforming the US Dollar
After completely disregarding a roaring comeback in Dollar exchange rates that occurred against the backdrop of signals of disparity between the Federal Reserve (Fed) and the Bank of Japan, the Japanese Yen was a relative outperformer on Friday and on
Read MorePound Continues to Consolidate Against the Aussie
If Australia’s continuous fight to resuscitate a lengthy insufficient rate continues to make the antipodean currency a slacker among global currencies, the Pound-to-Australian Dollar exchange rate may likely maintain a climb over 1.84 in the coming weeks and months. In
Read MoreHSBC Analyst – US Dollar Could Strengthen in Days Ahead
As per a prominent foreign currency trader, the Pound-to-Dollar exchange rate (GBP/USD) failed to substantially breach and hold 1.42 in 2021, and it is doubtful to do so in the immediate future. “I think it will be tough for the
Read MoreUnresolved Brexit Issues Limit Pound’s Gains Over the US Dollar
The worsening ties between the EU and the UK will be the spotlight in the days ahead, amid rumors of a likely trade war between both parties if a deal on enforcing the Northern Ireland protocol cannot be reached. After
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