Markets News

Analysts Forecast Pound to Hit 1.45 Against Dollar in 2021

According to Paul Dales, an analyst at research firm Capital Economics, the pound could rebound this year to levels seen…

4 years ago

Analysts issue Bullish Outlook for Canadian Dollar

The Canadian dollar, a commodity currency, is strengthening against its peers as the outlook for crude oil has turned bullish.…

4 years ago

Pound Consolidates Near Three Year High Against the Dollar

The British pound continues to hover around three-year high of $1.3850, aided by chances of a speedier economic rebound in…

4 years ago

Russian Ruble Rebounds from 2-Month Low as Services, Mfg. PMI Records Robust Increase

The Russian ruble rebounded slightly after hitting a two-month low of 76.20 against the greenback last week as Brent crude…

4 years ago

British Pound Rebounds as BoE Maintains Interest Rate

The Bank of England left its benchmark interest rate unchanged at a historical low of 0.1% in a unanimous decision,…

4 years ago

Covid-19 Restrictions Caused US Personal Spending to Decline in December

A series of mixed economic data ensured a range bound movement of the greenback against other major currencies Friday. However,…

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

Argentina Economic Outlook for 2021 as Peso Hits New All-Time Low

The Argentine Peso recorded a historical low of 86.3870 against the US dollar Friday, raising concerns about country’s economy outlook.…

4 years ago

Canada Housing Starts Miss Estimates for December

According to the Canada Mortgage and Housing Corporation (CMHC), housing starts decreased to 228,000 units in December, from 261,000 units…

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