Industry

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…

4 years ago

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…

4 years ago

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…

4 years ago

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…

4 years ago

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…

4 years ago

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…

4 years ago

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…

4 years ago

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…

4 years ago

Pound Turns Weak as Moody’s Slashes UK’s Credit Rating

The pound sterling fell 1% last week to $1.292, against the backdrop of Brexit uncertainty, stringent lockdown initiatives, likelihood of…

4 years ago

Russian Ruble Weakens on Surge in Covid-19 Cases, Weak Trade Surplus Data

The Russian ruble fell 0.5% to $77.60 yesterday following reports of a surge in Covid-19 cases for the second day…

4 years ago