The UK Retail Sales came in at -1.4% MoM in March which is a downside surprise. Brexit issues might come to fore, weighing on the GBP. Fed- BoE divergence in the monetary policy also weighs on the UK sterling. The UK sterling dropped against the US dollar during Friday trading session. The downbeat UK [...]
USD/CAD under pressure due to hotter Canadian CPI. Commerz bank : Loonie will continue to struggle to make significant gains against the USD. Oil prices rise as market focus on supply drop from Russia, Libya. The US dollar traded low against the Canadian dollar during Thursday due to upbeat CPA data. The Canadian Consumer [...]
Aussie trades higher around multi-day high level of 0.7420. Hawkish RBA Minutes, Shanghai reopening news underpins the uptrend of Aussie. Hawkish Fed bets acts as a headwind for the uptrend of Aussie. The Australian dollar edged higher against the American dollar during Wednesday trading session amidst hawkish RBA minutes and Shanghai reopening favoring the [...]
The Japanese yen hit a 20-year low against the dollar on Tuesday backed by high U.S. Treasury yields. Contrast in monetary policy between a hawkish Fed and an dovish Bank of Japan strengthens USD against JPY. Fed’s James Bullard said inflation is “far too high.” The dollar rose against the Japanese yen during Tuesday [...]
