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Forex
Why is Australian dollar under pressure
November 26, 2021 06:45 PM AEDT| By Akanksha VashishtHighlights The Australian dollar has been trending downwards in the last one month. The domestic currency appears to be bearing the brunt of a hawkish Fed. The AUD would be susceptible to drastic changes in the days ahead as economic recovery .....
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 (.....
Kiwi & Aussie dollars recover lost ground, stand firm against USD
June 26, 2021 01:06 AM AEST| By ManikaSummary The Kiwi and Aussie dollars firm after solid gains on Thursday Commodities on firmer ground with demand for crude rising. Last week, the currencies were weak. Currency movements were modest on Friday as there was no reason for a m.....
Why is the Canadian dollar called loonie?
June 18, 2021 02:27 AM AEST| By Team Kalkine MediaCurrencies across the world are influenced by the respective countries' cultural backgrounds. Influences from across social, economic, linguistic, or even biological roots find their way into making a country's currency unique and closer to home. Fo...
Why was Kiwi dollar not enthused by the better-than-expected GDP numbers?
June 17, 2021 07:12 PM AEST| By ManikaSummary Kiwi dollar struggles to regain lost ground on GDP numbers Aussie and Kiwi had lost their gains on Wednesday after change in the Fed’s’s dovish stand Overall, the good economic news in both countries did not have much impac.....
New Zealand dollar up after RBNZ signalled rate hikes next year
May 31, 2021 07:00 PM AEST| By SonalNZD/USD kept see-sawing around $0.7257 on Monday, putting it on the course for a monthly gain of over 1.3% after the RBNZ signalled rate hikes as early as the middle of 2022, making it one of just a few central banks to do so. RBNZ had left its OCR...
Canadian Dollar Hits 6-Year High As Inflation Rises in US
May 13, 2021 11:58 PM AEST| By Team Kalkine MediaBacked by rising oil prices, the Canadian dollar strengthened against the US greenback at 82.90 US cents early on Wednesday, May 13, touching its highest level since May 2015. The loonie’s strength was aided by a weaker US dollar, which has be...
NZD and AUD Hold On To Gains As Commodity Prices Move Up
May 11, 2021 07:08 PM AEST| By ManikaSummary Commodity currencies gain against the US Dollar. The USD is volatile, waiting for announcements from the Fed. NZD and AUD likely to gain more as bullish trend to continue in commodity prices. The commodity currencies, NZD and AUD .....
Australian, Kiwi Dollar Firm Ahead of Series of Global Events
May 03, 2021 06:47 PM AEST| By ManikaThe Australian dollar remained firm on Monday despite all indications from the Federal Bank of Australia (FBA) that it was going to keep the interest rates unchanged. The NZ dollar also remained strong. The AUD remained strong at $0.7713, holding on...
AUD & NZ Kiwi Weak On Biden’s Plan To Tax The Weathiest
April 26, 2021 03:29 PM AEST| By ManikaSummary Australian and New Zealand dollars weaken after Joe Biden’s tax news. Investors started moving to safter assets like the US dollars and treasuries. This week, the currency investors will watch out for inflation numbers in Austral.....
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...
What’s Making Australian Dollar Weak And NZD Firm?
April 13, 2021 04:13 PM AEST| By ManikaSource: Atstock Productions, Shutterstock Australia’s slow vaccine roll-out had an impact on the investor sentiment and the Australian dollar opened lower on Monday. However, the NZ dollar remained unchanged. The Australian dollar was down by...
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...
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