Forex
Strong economic data keeps Loonie strong against the Peso
Both Canada and Mexico are commodity based economies. Mexico has the world’s largest reserves of silver and stands tenth in oil reserves. Likewise, Canada stands third among the countries with proven oil reserves. In spite of these similarities, the Canadian
Read MoreEuro to resume downtrend on trimmed GDP forecasts
The EURJPY currency pair started going up after touching a low of 122.06 on the last day of February. Eventually, the pair hit a high of 127.81 on March 30th, 2016. Due to the reasons mentioned below, both fundamentally and
Read MoreRBS Pays Final £1.2 billion Dividend Fee to the British Treasury
The Royal Bank of Scotland has made its final payment to Britain’s finance ministry in order to end an arrangement with the British government under which it had to pay dividends to the government before other shareholders. This arrangement referred
Read MoreEuro Signals Downtrend On Further Monetary Stimulus
Low crude prices and sanctions against Russia for the latter’s interference in Ukraine enabled the EURRUB to hit a historical high of 95.5310. However, the recovery in the price of crude enabled the Russian Ruble to strengthen against the EUR.
Read MoreCentral Bank Of Egypt Eases Forex Caps For Corporations
As a measure to improve liquidity in Egypt’s economy, the Central Bank of Egypt has decided to remove the caps that were applicable on foreign exchange deposits and withdrawals by companies that import essential goods. The 2011 uprising in the
Read MoreRussian Ruble strengthens on higher crude oil prices
Russia, which is geographically the largest country in the world, saw its currency exchange rate crash to a low of RUB 85.9097 against the US dollar in January 2016. However, the Russian Ruble showed enormous resilience to bounce back to
Read MoreSNB Might Take Aggressive Measures To Counter Currency Rise
Market analysts are expecting that the Swiss National Bank (SNB) which is Switzerland’s national bank will soon take aggressive action to regulate the steady increase in the value of the Swiss currency. Triggered by the recent volatility, the Swiss franc
Read MoreImproving Balance Sheet Favors Rise Of New Zealand Dollar
Expectations of another Fed hike later this year has kept the US dollar stronger against all the major currencies, except the Yen. However, the US dollar has not gained much against the New Zealand dollar in the past six months.
Read MoreYen To Strengthen Further As BoJ Runs Short Of Options
The Japanese Yen continued to march forward to hit a two-week high against the US dollar in the first half of this week. With Yen showing no signs of a trend reversal, the economists are wondering the impact it would
Read MoreChina’s Foreign Reserves Drops $100 Billion In January
Latest reports show that China’s foreign exchange reserves saw a drop of $99.5 billion in January to $3.23 trillion. This is the lowest level of reserves held by China since May 2012. China’s foreign exchange reserves have been declining at
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