- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: June 28, 2016
June 282016
EUR/USD Up as Markets Recover After Brexit
EUR/USD rose from the second session today following the big slump on Friday that followed the surprise decision of Great Britain to leave the European Union. Markets are recovering from the shock even though traders remain cautious. As for economic data from the United States, it was mixed with the unexpected deterioration of manufacturing but the huge improvement of the consumer sentiment and growth of the economy. US GDP rose 1.1% in Q1 2016 according […]
Read more
June 282016
Brazilian Real Gains as Central Bank Suggests No Interest Rate Cuts
The Brazilian real gained against the US dollar today as the nation’s central bank signaled that it is not considering monetary easing as inflation is expected to remain above the bank’s target. The Central Bank of Brazil raised its inflation forecast for 2016 from 6.6% to 6.9%, whereas the bank’s target rate is at 4.5%. The bank said in the Inflation Report that uncertainties surrounding domestic inflation and the global economy “do not […]
Read more
June 282016
Australian Dollar Takes Breath
The Australian dollar gained today amid the improving market sentiment. While the threat of the Brexit is still looming, markets decided to take breath and halted sell-off of high-beta currencies. There are speculations that Britons may regret their decision to leave the European Union and make attempts to stay in the union. Meanwhile, EU officials urge Britain to leave as fast as possible to limit potential fallout from the event. Whatever the case, market participants […]
Read more
June 282016
Pound Hits New Lows amid Post-Referendum Turmoil
While the Brexit vote had an impact on all currencies, the Great Britain pound (unsurprisingly) has borne the brunt of Britain’s decision to part with the European Union. The currency touched a new 31-year minimum versus the US dollar and also dropped to new lows versus many other currencies. It is important to note that the results of the referendum are not binding. Moreover, there is a move to redo the voting again. Yet all […]
Read more