Markets News

British Pound Hits One-Month High on Brexit Trade Deal Hopes

The pound hit a one month high of 1.301 against the greenback Friday as investors received positive update about Brexit…

4 years ago

Russian Ruble Trades Near 6-Month Low as Manufacturing Sector Resumes Contraction

The Russian ruble continued to trade near 6-month low hit last week as crude oil prices remained weak on worries…

4 years ago

South African Rand Hits Over One Week High as Mfg PMI Rises Above Pre-Pandemic Levels

The South African rand recorded more than one week high of 16.40 against the greenback Friday, following news reports that…

4 years ago

Euro Down as ECB’s Lagarde Signals Allowing Inflation to Overshoot 2% target

The euro dollar declined against the pound yesterday after the European Central Bank (ECB) President Christine Lagarde hinted that the…

4 years ago

US Dollar Index Hovers Around 2-Month High On Solid Texas Manufacturing Index Data

The US dollar index declined slightly to about 94.20 Monday, but stayed near two-month high of 94.64 in the earlier…

4 years ago

Canadian Dollar Hits Eight Week Low as Covid-19 Infections Surge

The Canadian dollar closed Friday’s trading at 1.3396 against the greenback, reflecting eight week low against the back drop of…

4 years ago

Yen Declines as Japanese Flash Mfg. PMI Signals Further Economic Slowdown

The Japanese yen declined against the greenback yesterday following the report of worse than anticipated flash manufacturing PMI (purchasing managers’…

4 years ago

Russia Central Bank Maintains Benchmark Rate at 4.25% as Unemployment Soars to 8-yr High

The central bank of Russia maintained its benchmark interest rate at 4.25% Friday, freezing its monetary easing policy for the…

4 years ago

US Retail Sales Growth Eases in August

In spite of ending the federal stimulus program that boosted consumer spending, the US retail sales rose in August, reflecting…

4 years ago

Dollar Posts 2nd Straight Weekly Gain

The US dollar index inched down 0.1% to roughly 92.30 on Friday, but recorded a weekly gain of 0.6%, reflecting…

4 years ago