On Tuesday, Bank of America (BofA) analysts suggested that there might be a limit to how much the U.S. dollar (USD) can appreciate against the Canadian dollar (CAD), despite recent trends showing CAD weakness primarily driven by a broad USD rally. The USD/CAD pair has seen a notable rise, attributed to the surge in global […]
Divergence in new policy can lead to a shift in investment setup , Read More »
The U.S. dollar steadied in early European trading Tuesday, while a bounce in European services activity data in April helped the euro. At 05:25 ET (09:25 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded flat at 105.915, below the five-month peak seen last week. Safe-haven dollar retreatsThe
Economic release data New houses sold well as both production and building. Read More »
. Most Asian currencies moved little on Tuesday even as easing safe haven demand saw the dollar weaken slightly, although anticipation of more cues on the U.S. economy and interest rates kept traders biased towards the greenback. Regional currencies were still nursing steep losses against the dollar over the past week, as hawkish signals from
USD index futures Forward little in Asian Market trade on this month Read More »
| Citi FX analysts highlighted a dovish shift in the Bank of England’s (BoE) recent remarks, which has led to a weaker British Pound (GBP) at the start of the week. The comments from BoE officials Bailey and Ramsden last week suggested that the Consumer Price Index (CPI) for the next month is expected to
Cti predicts GBPeconomic analysts, and government agencies Citi predicts continued GBP Read More »
Markets in March USD 34-year peak vs yen on US rate outlook Published 04/21/2024, 09:00 PM Updated 04/22/2024, 04:21 PM Dollar touches new 34-year peak vs yen on US rate outlook 0 © Reuters. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January
34 years peak $$ his includes financial institutions, central banks Read More »
