September 1, 2023 8:04 am
The British Pound steadied against the Canadian Dollar on Friday after a 0.56% slump the day before ahead of the release of UK manufacturing and Canadian GDP growth data. Yesterday the Sterling lost ground against major peers after Bank of England Chief Economist Huw Pill said policy makers would “see the job through” on bringing […]
Read moreAugust 31, 2023 7:23 am
The Euro weakened against the New Zealand Dollar on Thursday, after data showed French consumer price inflation had accelerated in August and German retail sales had unexpectedly dropped in July. France’s annual CPI inflation came in at 4.8% in August, picking up from 4.3% in July and also exceeding market consensus of 4.6%. The inflation […]
Read moreAugust 30, 2023 7:28 am
The Australian Dollar pared earlier losses against its Canadian counterpart on Wednesday, which came after data showed Australian inflation had slowed to a 17-month trough in July. Australia’s annual CPI inflation stood at 4.9% in July, easing from 5.4% in June. A consensus of analyst estimates had pointed to a lesser drop – to 5.2%. […]
Read moreAugust 29, 2023 9:32 am
The South African Rand advanced against the US Dollar on Tuesday in an attempt to extend last week’s 1.9% gain, as market players looked to South African PPI and trade balance reports along with international data in what appears to be a busy week. Statistics South Africa is due to release the official Producer Price […]
Read moreAugust 29, 2023 7:36 am
India’s Rupee traded within a relatively narrow range against a softer US Dollar on Tuesday and as US Treasury yields dropped. The USD/INR pair continued to hover above recent three-week low of 82.3775, while dollar demand from corporate entities heightened. “The big corporates (who are importers) are quite active on the dips (on USD/INR), which, […]
Read moreAugust 28, 2023 7:14 am
The Australian Dollar got a lift on Monday after China announced a stamp duty cut on stock trades “to invigorate the capital market and boost investor confidence.” Additional boost came on the back of a softer US Dollar, which pulled back from a 12-week high, after Federal Reserve Chair Jerome Powell did not rule out […]
Read moreAugust 23, 2023 9:28 am
EUR/CAD extended losses on Wednesday, further pulling back from recent 1-week high, after Germany’s private sector activity shrank at the sharpest rate since the aftermath of the COVID-19 outbreak in May 2020. The HCOB Germany Composite Purchasing Managers’ Index plummeted to a reading of 44.7 in August, or much more than expected, from 48.5 in […]
Read moreAugust 23, 2023 7:59 am
GBP/CAD edged higher in calm trade on Wednesday, while being not far from recently registered 1-month high, ahead of the release of key macro data prints out of both the UK and Canada. The S&P Global/CIPS UK Services Purchasing Managers’ Index probably decreased to 51.0 in August from a final reading of 51.5 in July. […]
Read moreAugust 21, 2023 9:26 am
The South African Rand began the new week on the back foot against the US Dollar ahead of the BRICS summit and the South African CPI inflation numbers for July. South Africa will host the BRICS summit of emerging market economies from Tuesday to Thursday, with the bloc’s potential expansion being on the agenda. The […]
Read moreAugust 21, 2023 7:27 am
The Australian Dollar steadied against its US counterpart on Monday, being not far from last week’s 9 1/2-month low, as market players looked to the Federal Reserve’s Jackson Hole symposium for interest rate guidance. The Aussie dollar, a liquid proxy for the Chinese Yuan, was still under pressure after China’s move on benchmark lending rates […]
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