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End of month US Dollar selling among local businesses saw the USD/INR exchange rate gain on Monday. The ‘Greenback’ was also able to advance on its Indian counterpart thanks to better-than-expected US Personal…
With a host of influential ecostats still to be published this week, the Rand began trading by softening against peers like the US Dollar, Pound and Euro. The uncertainty of the Greek bailout negotiations, persistent…
The Pound to Japanese Yen currency pair advanced on Friday as two high-profile officials from the Bank of England supported UK interest rate hike expectations. The GBP/JPY exchange rate climbed by 0.3% to hit a high of…
Although Thursday’s US reports impressed, the Canadian Dollar to US Dollar (CAD/USD) exchange rate held a 0.4% daily gain. The ‘Loonie’ surged against a number of its peers as the price of crude oil, Canada’s main…
After dropping to a two-month low against the US Dollar earlier this month (weakening to 63.0025) the Rupee has staged an impressive rebound. The Rupee gained on the ‘Greenback’ after the Federal Open Market Committee…
Ahead of the publication of the latest batch of inflation figures for the US, the Australian Dollar was trading in the region of a four-week high against the US Dollar. The South Pacific currency was supported against…
The Pound fell sharply against the Euro after it was weakened by increased concerns over the outcome of the upcoming May 7 general election and as domestic economic data came in worse than forecast. The Euro meanwhile…
A slight change of tone from the Federal Open Market Committee helped the Turkish Lira advance this week. Although the prospect of higher US interest rates is a negative for emerging-market economies like Turkey, the…
Wednesday saw the Pound decline against most of its major currency counterparts as the UK published disappointing average earnings figures. The UK’s unemployment rate also failed to decline as expected, putting further…
Despite the fact that the price of crude oil, Canada’s main commodity, fell to its lowest levels of 2015 this week, the Canadian Dollar was able to gain on several of its peers ahead of the Federal Open Market Committee…
During the local session the Australian Dollar fell to a low of 0.5132 against the Pound and 0.7610 against the US Dollar as minutes from the latest Reserve Bank of Australia policy meeting were published. At the last…
Last week a number of factors contributed to the South African Rand hitting a 13-year low against the US Dollar. Local energy supply concerns, the introduction of quantitative easing in the Eurozone (one of South…
Earlier this week the New Zealand Dollar crashed and burned as a threat made against New Zealand’s primary export reduced demand for the commodity-driven currency. It was revealed that environmental activists had…
During the Australasian session the ‘Aussie’ put on a mixed performance against the US Dollar as a number of factors affected demand for the South Pacific currency. Initially, the Australian Dollar fell below the 0.76…
The Canadian Dollar advanced over the course of the week due to a number of factors. The commodity-driven currency initially benefited from an uptick in crude oil prices and better-than-expected domestic growth data. The…
The Pound remains trading at comparatively elevated levels against several of its peers, but has come away from recent highs as a result of mixed UK reports. While the nation’s manufacturing and construction purchasing…
During the local session the Rupee edged slightly lower against the US Dollar. The ‘Greenback’ managed to display remarkable resilience on Monday as the US ISM Manufacturing index fell by more than expected. While the…
The Australian Dollar broadly gained following the People’s Bank of China’s decision to cut interest rates. This sign of additional easing in Australia’s largest trading partner gave the ‘Aussie’ a boost, as did an…
