Malaysian Ringgit’s Trend to be Decided by Multiple External Factors

As per an economist, the ringgit is forecast to be affected by external forces next week, with investors having a close watch on retail sales data from the United States. When queried if the ringgit would stay weak in the

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HSBC 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

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US Dollar Down as Pending Home Sales Decline for the First Time in Nine Months

Private enterprises in the US added 517,000 jobs in March, compared with economists’ expectations of 550,000 job additions. The reported figure reflects the largest rise in private payrolls since October 2020. Service sector added 437,000 jobs, aided by 169,000 job

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Dollar Hits 4-Month High on Rising Optimism Over Robust Economic Rebound

The US dollar index shot over 92.70 against a bouquet of currencies Friday, just notches away from the four-month high of 92.92 recorded in the earlier session and on track to record a 0.8% weekly increase as better-than-anticipated weekly jobless

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Pound Trades Near 2-Yr High Against Dollar on Covid-19 Vaccine Induced Optimism

The British pound is witnessing revived buying interest as multiple analysts point to the country’s vaccine launch as the primary reason for the demand. At the time of writing this article, the pound to dollar exchange rate has rebounded to

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US Capacity Utilization Rate Rises to 74.5% in December

The euro dollar fell against the greenback Friday despite the release of poor retails sales data from the US. Even the Empire State Manufacturing Index was below analysts’ expectations. The expectations of another stimulus package worth $1.90 trillion, including direct

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UK Economy Expanded 16% q-o-q in 3Q20 as Public Sector Net Borrowing Rises to Record High

The pound remained range bound against the greenback following the release of mixed economic data from the UK. While the final GDP and revised business sentiment data was better than expectations, the sharp increase in public sector borrowing and widening

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New Zealand Dollar Hits 20-Month High

The NZD/USD currency pair rallied to 20-month high of 0.6886 following the Reserve Bank of New Zealand’s decision to maintain official cash rate (OCR) at a historical low of 0.25%. In New Zealand, the official interest rate is called as

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US Dollar Index Gains 1% Week, But Chinese Yuan Leads Fray with Solid Economic Data

The US dollar index edged upwards to trade at one month high of over 94 Friday, following an extended rally for the 3rd day in a row against the backdrop of increasing Covid-19 infections and forthcoming US election results. The

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Pound Dips Below 1.30 as Brexit Talks Face Roadblock

The British pound dropped below 1.30 against the greenback, against the backdrop of worries about a sharp rise in Covid-19 cases throughout the Europe and an absence of advancement on a Brexit agreement. The UK reported roughly 23,000 coronavirus infections

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