Category: Forex
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GBP/CAD Undermined by Positive Data and Crude Oil Gains in the Pound to Canadian Dollar Exchange Rate
During last week’s session, the Pound Canadian Dollar (GBP/CAD) exchange rate initially trended upward as a National Institute for Economic and Social Research (NIESR) research suggested that the UK would not experience a technical recession this year. However, disappointing UK GDP figures later in the week hurt the GBP/CAD exchange rate combined with rising oil […]
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EUR/USD Forecast: Market Braces for Impact of US Inflation and EU GDP Data
Economic Releases and the EUR/USD Exchange Rate Fundamental Perspective Any possible positive swings in the EUR/USD exchange rate have been constrained by the present market environment, which is defined by a risk-averse attitude. This comes before tomorrow’s anticipated releases of statistics on US inflation and the EU’s GDP. Recently, the European Commission offered upbeat predictions […]
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US Bond Yields Rise Further Before a Significant US Inflation Report
Price and Chart Analysis for the US Dollar (DXY) The key market indicator for this week will be Tuesday’s US inflation data. After the recent burst of hawkish Fed talk and ahead of a much expected US inflation data, US Treasury rates have been steadily rising. The US dollar and a number of risk markets […]
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Thailand’s Unlikely Rise: From the Epicenter of Crisis to the World’s Most Resilient Currency
The Asian Financial Crisis’ 25th Anniversary The Asian financial crisis, which started in February 1998 and impacted nations including Thailand, Indonesia, and their neighbors, is commemorated this month on its 25th anniversary. These nations fell into despair as international leaders struggled to stop the crisis from spreading, which caused a major downturn in their economy. […]
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Dollar Soars to Five-Week High as Yen Slides and Fed Policy Expectations Rise
Dollar Approaches 5-Week High Amid Expectations for Tight Monetary Policy The Japanese yen is declining, the US dollar is approaching a five-week high versus other major currencies, and investors are betting more on the Federal Reserve keeping its monetary policy tight. Crucial Information: US Consumer Price Data The release of US consumer pricing data on […]
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Japanese Yen and Stocks Tumble as Bank of Japan Policy Shift Speculation Ramps Up
Stocks and the Japanese Yen fall as governor speculation persists. The Japanese yen lost 0.6% of its value against the US dollar on Monday. The stock index fell about 1% for the day on the local stock market, which also plummeted. Uncertainty Regarding BOJ’s Monetary Policy The market’s main concerns were the rumors around the […]
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Global Markets in Turmoil: Inflation Worries Send Stocks Tumbling
Asian stock exchanges: Hang Seng, Shanghai Composite, and Nikkei 225 Shanghai Composite Index increased by 0.5% while the Nikkei 225 in Tokyo fell by 1%. In the meanwhile, the Hong Kong Hang Seng fell by 0.5%. The Kospi fell by 0.7% in Seoul, while Sydney’s S&P/ASX 200 fell by 0.3%. Stocks fell in New Zealand, […]
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As U.S. inflation looms, Asia FX declines and the dollar is approaching a one-month high.
– On Monday, most Asian currencies fell as the dollar nearly hit a month-high as markets became cautious ahead of this week’s highly anticipated U.S. inflation data and as regional economic indicators also came into sharper focus. Risk-heavy The currencies of Southeast Asia performed the worst for the day, dropping about 0.8% apiece. the country’s […]
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Euro Exchange Rate: As UK GDP Misses, EUR Under Pressure And GBP Relatively Strong
Despite some hawkish remarks from ECB members, the Euro is down versus the USD and the GBP. Despite some weak reports, the pound is still doing okay. Despite the very dismal -0.5% GDP reading, the BoE is probably more concerned about inflation indicators. This week has seen a decline in risk appetite as a result […]
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Will the BoE Be Forced To Over-Tighten If Sticky Inflation Threatens Increase Due To Brexit?
The bank contends that a halt in Bank of England (BoE) rate increases is necessary to preserve recently gained foreign trust in UK assets and to prevent additional harm to the fragile housing market. MUFG concurs with the BoE’s assessment that Brexit has boosted economic structural inflation, which will likely cause the Pound to fall […]