Forex

GBP gains as USD wobbles on worst jobs report in 2021
October 09, 2021 02:09 AM AEDT| By AbhijeetHIGHLIGHTS GBP advanced slightly against the USD after the US reported a modest jobs growth Benefiting from greenback’s weakness, pound sterling added over 0.20% BoE had fixed a reference exchange rate of 1.3622 USD on Thursday, 7 Octobe.....

GBP advances against USD, EUR as investors eye US jobs data
October 05, 2021 02:56 AM AEDT| By AbhijeetHighlights GBP advanced sharply against the USD on Monday The domestic currency also gained against the euro The US dollar index dropped nearly 0.40% during the day The Great Britain pound (GBP) advanced sharply against the United S.....

GBP rises against USD as US dollar index weakens
October 02, 2021 02:39 AM AEST| By AbhijeetHighlights GBP gained strength against the USD and EUR on Friday Though USD remains on track to finish the week on best note since June 2021 The euro also lost ground Eurostat estimated the inflation rate at 3.4% The Great Britain pound (.....

GBP trades mixed against USD, EUR, while dollar index slips below 91
April 24, 2021 12:33 AM AEST| By AbhijeetSummary GBP traded mixed against USD and the euro on 23 April. The US dollar index slipping below 91, supported sterling. At 1343 GMT, GBP to USD pair traded at 1.3861, up 0.18 per cent. The Great Britain pound (GBP) had a mixed-bag of tr.....

GBP Loses Ground Against USD, EUR As Investors Worry Resurface
April 21, 2021 02:34 AM AEST| By AbhijeetSummary GBP retreated moderately against USD and euro on Tuesday, 20 April, BoE fixed a currency conversion rate of 1.3984 USD vs a unit of pound sterling The Great Britain pound (GBP) retreated moderately against the United States dollar .....
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GBP Strengthens Against USD, EUR as US Dollar Index Tumbles
April 20, 2021 12:49 AM AEST| By Abhijeetfixed a reference exchange rate of 1.3817 USD on 16 April The Great Britain pound (GBP) strengthened sharply against the United States dollar (USD) and the euro in the late afternoon deals on Monday, 19 April, after the US dollar index witness....

GBP tumbles against USD, EUR even as US dollar index stays flat
April 17, 2021 01:23 AM AEST| By AbhijeetSource: kamui29, Shutterstock Summary GBP fell considerably against the USD and the euro in the morning trades on Friday. The domestic currency regained partial losses as the trading progressed. BoE fixed a reference currency rate of 1.3795 U...
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GBP Stays Flat as US Dollar Bounces to Green
April 15, 2021 10:53 PM AEST| By AbhijeetSource: kamui29, Shutterstock Summary The GBP traded flat against the USD in the pre-afternoon deals on Thursday The GBP to EUR pair traded higher as sterling bounced marginally vs the euro Central Bank of the Republic of Turkey maintained th...

GBP Reclaims 1.38 After A Week as Dollar Index Tumbles
April 14, 2021 09:13 PM AEST| By AbhijeetSource: jarrow153, Shutterstock Summary The GBP extended gains in the early morning deals on Wednesday The sliding dollar index acted as a catalyst in the sterling’s recovery BoE had fixed a reference rate of 1.3732 USD vs a unit of pou...

GBP shines against USD as England restarts in second stage
April 12, 2021 11:43 PM AEST| By AbhijeetSource: ALAUR RAHMAN, Shutterstock Summary Pound gained strength vs USD as England started to reopen. The GBP to USD pair was trading at 1.3776, up 0.50 per cent. Domestic currency has depreciated more than 600 bps in a month. The...

GBP stays in green against USD as dollar index slips
April 09, 2021 02:37 AM AEST| By AbhijeetSource:CHAINFOTO24, Shutterstock Summary GBP traded higher against USD, maintaining most of its morning gains. The US dollar index retreated more than 0.30 per cent. BoE had fixed a reference exchange rate 1.3788 USD on 7 April. The Grea...

INR puts worst show in 20 months on fears of liquidity glut
April 08, 2021 01:23 AM AEST| By Team Kalkine MediaSource: saisnaps, Shutterstock The Indian Rupee (INR) has put up its worst intra-day show in 20 months on concerns of liquidity glut induced by the Reserve Bank of India’s (RBI) proposed bond buying plans. At the interbank foreign exchange ma...

Dented Risk Appetite Pushes Greenback to Four-Month High
March 24, 2021 11:15 PM AEDT| By DaminiSource: Deacons docs, Shutterstock Summary The US Dollar traded near its four-month high level on Wednesday as global markets’ concerns waned investors’ risk appetite. The potential US tax hikes, shutdowns in Europe and the intensi...
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How Treasury Yields Fluctuations Swayed the Currency Market
March 10, 2021 07:56 PM AEDT| By DaminiSource: Thanwa photo, Shutterstock Summary The US Treasury yields retreated on Tuesday, driving strong gains in the riskier currencies like the Australian dollar, the New Zealand dollar, and the Canadian dollar. The Treasury yields stabilised...

Fed’s Dovish Stance Shoots Up Greenback to Three-Month High
March 05, 2021 08:01 PM AEDT| By Daminir currencies like New Zealand and Australian dollars slumped along with equities. Giving an end to growing speculations that the US Federal Reserve will pull back policy support earlier than expected, Fed Chair Jerome Powell recently reiterated...

How Bond Yields are Driving the Forex Market
March 03, 2021 08:20 PM AEDT| By Daminie Australian dollar. The bond market has begun to recover from the recent market sell-off, inducing a fall in the US Treasury yields. Last week, the sudden rise in the US bond yields soothed the enthusiasm of stock participants around the world,...

Three currency pairs gaining ground, what are chartists looking at in 2021?
January 04, 2021 12:09 PM AEDT| By Kunal SawhneyCurrencies have been a volatile so far over lower interest rate environment and economic meltdown on account of the COVID-19 outbreak. However, since the beginning of the March 2020 quarter many currency pairs have provided investors with superior re...

Brexit deal optimism pushes GBP to 31-month high vs USD
December 18, 2020 05:50 PM AEDT| By Team Kalkine MediaThe Great Britain pound (GBP) held the strength against the US dollar on Thursday after the Chief Brexit negotiator of the European Union Michel Barnier signalled positive development in the ongoing negotiations in the prospective trade arrangement.....

AUD rises as job data lifts FX traders
December 17, 2020 01:16 PM AEDT| By Team Kalkine MediaAustralian Dollar is on an upside run against the US Dollar today. Currency traders are speculating relatively better economic conditions compared to the United States. Interest rate differentials on the sovereign yields of two countries are.....

Australia Dollar Going Strong and Here’s Why
December 09, 2020 02:15 PM AEDT| By Team Kalkine MediaAustralian Dollar has been on a scintillating run this year, specifically after March 2020. On 8 December 2020, the FX rate on AUD/USD contracts clocked around US74 cents, which was recorded in August 2018. Image Source: Shutterstock On Tuesday.....
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