The Canadian dollar traded near three-year highs on Thursday, boosted by oil price gains and the Bank of Canada’s shift to more hawkish guidance. The Norwegian crown also strengthened slightly, climbing up by 0.2% against the euro. The pair traded at 10.0125. Analysts expect the Norges Bank to leave rates unchanged. Meanwhile, the U.S. dollar …
Canadian Dollar Hit Three-Year High Thursday. Why’s That? Read More »
The forex pairs declined significantly during the last few days. Analysts think that positive sentiment about the global economic recovery is partially causing that. However, the main reason for the decrease is the possibility of removing banking sanctions, along with unfreezing billions in forex assets in foreign banks. According to Abdolnasser Hemmati, the Central Bank …
What Caused a Decline in Forex Rates During the Last Week? Read More »
The U.S. dollar continued rising on Tuesday, partially regaining a month-long loss as risk appetite faded with traders awaiting policy speeches and upcoming data for clues. Meanwhile, bond yields firmed slightly, giving an additional boost to the safe-haven greenback in London trading. Scotiabank strategists noted that the U.S. currency is generally trading firmer. On Monday, …
U.S. dollar soared on Tuesday after extended downside Read More »
The U.S. dollar traded near its nine-week lows on Thursday. Bold spending plans from the White House, along with a dovish outlook from the U.S. Federal Reserve, bolstered the global reflation trade. President Joe Biden’s aim for another $1.8 trillion stimulus in spending risked expanding the U.S. trade and budget deficits. Analysts say that Fed …
U.S. Dollar Is Low While the Canadian Dollar Rallied Read More »
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