Fundamental view: The Euro rose against the greenback this week after a fall of last week. The Consumer Price Index was confirmed at 7% YoY in December, its highest since 1982. The high inflation due to disruptions in supply chain as pandemic blew in the year beginning caused the inflation to rise which in turn [...]
Upbeat UK manufacturing data which is much higher than expectation favors the British pound. Brexit referendum vote supports the pound to edge higher against the greenback. US dollar is under pressure due to some of the less hawkish by Fed Powell. Sterling traded high against the greenback on Friday after robust UK economic data [...]
Greenback showed a surprise fall despite a four-decade high inflation data. Fed policymakers’ speeches are largely eyed for fresh impulse. Omicron fear amid Experts warning "Dark Days Ahead for Hospitals." weigh on the yellow metal. Gold is flat against the greenback during the Thursday Asian session after refreshing multiday high on Wednesday, The rationale [...]
Less than expected Hawkishness from Fed Powell weakens the US dollar and in turn favor the Cable. Investors remain optimistic with expectation of rate hike from BoE. Fears about UK Brexit Minister Truss having personal reasons to trigger Article 16 creates woes before Thursday meeting. Pound is trading higher against the US dollar during [...]
