U.S. Labor Market Signals Slowdown Amidst Dollar Weakness
Recent labor market data has revealed that the U.S. economy continues to exhibit robust job growth, although signs of a slowdown have emerged in the August data released on September 01. The repercussions of this data have had a notable
Read MoreCanadian Dollar Weaker Following Disappointing Economic Growth Figures
The Canadian Dollar faced a setback against major currencies following the release of unexpectedly weak economic growth data for June and the second quarter. The Pound to pound-to-Canadian dollar exchange rate surged to a daily high of 1.72048 after Statistics
Read MorePound Struggles as Risk Sentiment Falters Amidst Rising US Yields
The Pound faced challenges below a crucial technical support level against the Dollar and encountered difficulties against the Euro on Friday. This development followed a weakening global market risk appetite, triggered by an earlier rally in government bond yields that
Read MorePound Sterling Softens as Retail Sales Dip Amid Weather Woes
Pound Sterling saw a slight retreat against major currencies, including the Euro and Dollar, in the recent week’s closing session. The decline followed the release of retail sales data for July, which indicated a more significant drop than anticipated. This
Read MoreAustralian Dollar Reacts to Cautiously Optimistic Economic Outlook by RBA Governor
Assessing Australia’s Economic Landscape During the final session of the week, the Australian Dollar demonstrated resilience, reversing earlier losses against most major counterparts. This shift was attributed to remarks made by the Reserve Bank of Australia (RBA) Governor Philip Lowe,
Read MoreDollar Gains Momentum Amid Rising Producer Price Inflation Concerns
Introduction: The Pound to Dollar exchange rate retraced a portion of its earlier gains heading into the weekend, as financial markets grappled with the implications of robust producer price inflation figures for July. The unexpected strength in these figures led
Read MoreEuro Poised for Near-Term Softness, but Strong Recovery Expected by 2024: Commerzbank Analysis
Introduction: As the Euro retreats from recent highs, Commerzbank analysts offer insights into the currency’s trajectory, projecting near-term softness driven by fundamental factors. However, the German bank remains steadfast in its outlook for a robust Euro recovery as the new
Read MoreNew Zealand Dollar Rises on Federal Reserve’s Hawkish Stance
The New Zealand Dollar (NZD) has demonstrated strong performance compared to other major currencies, taking advantage of the positive investor sentiment triggered by the recent policy decision made by the Federal Reserve. The New Zealand dollar exhibited resilience compared to
Read MorePound Suffers Losses Amidst Growing Speculation of Bank of England’s Pause in Rate Hikes
In a recent development, the European Central Bank (ECB) announced its readiness to halt its interest rate hiking cycle after raising the deposit rate to its highest-ever level. While the Euro’s performance was expected to dominate the headlines, it was
Read MorePound Sterling Holds Steady After Positive Retail Sales; Analysts Await Further Impact of Inflation Data
Pound Sterling remained steady as it approached the weekend, buoyed by better-than-expected retail sales data, though analysts caution that the sell-off following the inflation release earlier in the week may not be fully concluded. In June, UK retail sales saw
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