The Great Britain pound rose against most of its major rivals during the Monday’s trading session. The euro was an exception, rising against the sterling intraday, though giving up virtually all of its gains later. While Britain’s pound gained today, it looks like the currency struggles to maintain upward momentum as Brexit fears return. Finance Minister Philip Hammond, a known proponent of a “soft” Brexit, tried to alleviate such […]
Read moreThe Great Britain pound rose against most of its major rivals during the Monday’s trading session. The euro was an exception, rising against the sterling intraday, though giving up virtually all of its gains later. While Britain’s pound gained today, it looks like the currency struggles to maintain upward momentum as Brexit fears return. Finance Minister Philip Hammond, a known proponent of a “soft” Brexit, tried to alleviate such […]
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Read moreThe US dollar weakened against the Canadian dollar during Monday’s trading session following a rally in oil prices. Global oil prices rose significantly following the announcement that the meeting between Organization of the Petroleum Exporting Countries and non-OPEC countries was successful. The non-OPEC countries, led by Russia, agreed to reduce their oil production in light of the global oversupply that had led to depressed oil prices. The USD/CAD tested new lows as it […]
Read moreThe US dollar weakened against the Canadian dollar during Monday’s trading session following a rally in oil prices. Global oil prices rose significantly following the announcement that the meeting between Organization of the Petroleum Exporting Countries and non-OPEC countries was successful. The non-OPEC countries, led by Russia, agreed to reduce their oil production in light of the global oversupply that had led to depressed oil prices. The USD/CAD tested new lows as it […]
Read moreThe dollar moved higher against the Japanese yen on Monday, as investors expected that a possible interest rate hike from the Federal Reserve on Wednesday will boost the US currency. Anticipation for higher inflation under President-elect Donald Trumpâs administration further lifted the dollar. The greenback, which traded within a tight range against the euro today, soared to its highest level against the Japanese yen since February 8. Marketsâ focus is […]
Read moreThe dollar moved higher against the Japanese yen on Monday, as investors expected that a possible interest rate hike from the Federal Reserve on Wednesday will boost the US currency. Anticipation for higher inflation under President-elect Donald Trumpâs administration further lifted the dollar. The greenback, which traded within a tight range against the euro today, soared to its highest level against the Japanese yen since February 8. Marketsâ focus is […]
Read moreThe Japanese yen remained soft against most major currencies on Monday, though it managed to pare losses versus the US dollar by now, but not before reaching the lowest level since February. Economic data released from Japan today was a bit mixed, failing to provide reasons for the currency to change its bearish trend. Core machinery orders rose in October from the previous month, while the Index for Tertiary Industry […]
Read moreThe Japanese yen remained soft against most major currencies on Monday, though it managed to pare losses versus the US dollar by now, but not before reaching the lowest level since February. Economic data released from Japan today was a bit mixed, failing to provide reasons for the currency to change its bearish trend. Core machinery orders rose in October from the previous month, while the Index for Tertiary Industry […]
Read moreThe Norwegian krone joined the rally against the US dollar together with other currencies of oil-producing countries after the meeting between OPEC and non-OPEC producers on the weekend. The Organization of Petroleum Exporting Countries met with representatives from several countries not belonging to the organization on the weekend. It was attempting to convince them to join oil production cuts that the OPEC had announced earlier. The news about success of this endeavor boosted oil […]
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