Latest Currency News Continued - page 2
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EUR to USD Exchange Rate Touches January Worst as Data Keeps Investors Optimistic on US Economy
20 Jan 2020 at 3 PM - Written by James Fuller
STORY LINK EUR to USD Exchange Rate Touches January Worst as Data Keeps Investors Optimistic on US Economy
Amid a lack of fresh support for the Euro, the Euro to US Dollar (EUR/USD) exchange rate has been unable to avoid losses while the US Dollar benefits from stronger than expected US ecostats. Strong US data and hopes that the Federal Reserve will avoid a dovish stance are keeping the US Dollar sturdy in recent sessions. For now, investors are both currencies are highly anticipating upcoming data due in the coming sessions which...
CATEGORIES: American Dollar Forecasts Euro Forecasts
GBP to NZD Exchange Rate Recovery Stops Short as UK Retail Sales Keep Bank of England Bets Afloat
17 Jan 2020 at 12 PM - Written by Ben Hughes
STORY LINK GBP to NZD Exchange Rate Recovery Stops Short as UK Retail Sales Keep Bank of England Bets Afloat
Rising Bank of England (BoE) interest rate cut bets have remained the biggest story for Pound exchange rates this week, but the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has still recovered from weekly lows due to a lack of strength in New Zealand Dollar trade. The New Zealand Dollar has been benefitting slightly from global developments, but lingering uncertainties and underwhelming New Zealand data is keeping...
GBP to ZAR Exchange Rate Climbs on Poor South African Data Ahead of South African Reserve Bank
16 Jan 2020 at 11 AM - Written by Tim Boyer
STORY LINK GBP to ZAR Exchange Rate Climbs on Poor South African Data Ahead of South African Reserve Bank
Despite rising Bank of England (BoE) interest rate cut bets and higher market demand for currencies correlated to trade and risk, the British Pound to South African Rand (GBP/ZAR) exchange rate has recovered to above the week’s opening levels today. The Pound is steadying ahead of tomorrow’s key UK retail sales report, while the South African Rand continues to face pressure from concerns over South Africa’s economic...
CATEGORIES: Pound Rand Forecasts
GBP to AUD Exchange Rate Avoid Losses despite BoE Bets as US-China Trade Uncertainties Persist
15 Jan 2020 at 3 PM - Written by Minesh Chaudhari
STORY LINK GBP to AUD Exchange Rate Avoid Losses despite BoE Bets as US-China Trade Uncertainties Persist
Despite Bank of England (BoE) interest rate cut bets continuing to rise in reaction to the latest UK data and general market optimism over recent geopolitical developments, the British Pound to Australian Dollar (GBP/AUD) exchange rate is advancing again today. The Australian Dollar is tumbling amid market disappointment that the US-China ‘phase one’ trade deal would not leave all US tariffs undone, and this is keeping...
CATEGORIES: Pound Australian Dollar Forecasts
GBP to JPY Exchange Rate Holds Ground as Investors Continue to Sell Safe Havens
14 Jan 2020 at 3 PM - Written by Toni Johnson
STORY LINK GBP to JPY Exchange Rate Holds Ground as Investors Continue to Sell Safe Havens
While the Pound has slumped against many major currencies on Bank of England (BoE) interest rate cut bets this week, the British Pound to Japanese Yen (GBP/JPY) exchange rate has been able to avoid significant losses due to market aversion to safe haven currencies this week. Investors have been hesitant to buy the safe haven Japanese Yen as market sentiment surrounding global geopolitical tensions improves, but the Pound’s...
CATEGORIES: Pound Yen Forecasts
Pound US Dollar Exchange Rate News: GBP/USD Languishes at Three-Week Low as US Inflation Accelerates
14 Jan 2020 at 2 PM - Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Languishes at Three-Week Low as US Inflation Accelerates
US Dollar (USD) Buoyed by US CPI Figures
The US Dollar is trending higher this afternoon as markets response to the latest US consumer price index (CPI).
According to data published by the US Bureau of Labor Statistics (BLS), headline inflation climbed from 2.1% to 2.3% in December, rising to its highest levels since October 2018.
However the monthly figures came in slightly below expectations, accelerating 0.2% against...
CATEGORIES: American Dollar Forecasts