Forex
Greenback up on strong bounce back in Sep retail sales
The Greenback gained momentum against the Yen and other G10 currencies in the first-week of September, as expectations of a Fed rate hike in December increased. The market also pushed the US dollar upwards in anticipation of a tax reform
Read MoreEuro up on strong German trade surplus
In the first week of September, the Euro dollar fell sharply against the Canadian dollar mainly due to a dovish statement made by the ECB president Mario Draghi and the unexpected rate hike by the Bank of Canada. However, NAFTA
Read MorePoor retail sales, Catalan referendum turns Euro weak
A strong Q2 employment growth in the Eurozone enabled the Euro dollar to rise against the Yen in early September. On the other hand, a downward revision of second-quarter GDP growth to 2.5%, from the first estimate of 4%, weakened
Read MoreBoC’s deputy governor talks down the Canadian dollar
The UK Office for National Statistics reported a better-than-anticipated inflation rate in August. That sparked hopes of a rate hike in November. Furthermore, Mark Carney, the Bank of England’s governor, had hinted about the possibility of a rate hike soon.
Read MoreAussie turns weak on RBA governor’s dovish stance
Strong employment data enabled the Aussie to reverse the downward trend against the Yen in the second week of September. A decline in the Japanese industrial production in July also supported the reversal. Since September 14, the AUD/JPY pair has
Read MoreKiwi dollar up on strong rise in dairy products’ price
In the past one month, the GBP/NZD pair had rallied by about 1100 pips. A sharp fall in the average price of dairy products, during the August auction, weakened the Kiwi dollar considerably against the British Pound. Likewise, a strong
Read MoreStrong inflation, rate hike expectations boosts Pound
The exceptional manufacturing PMI reading of 56.9, reported earlier this month by the UK Office for National Statistics, propelled the Pound against the Greenback and other G10 currencies. The US dollar was also turned weaker by the nuclear test conducted
Read MoreAussie down on weak retail sales, iron ore sell-off
On the basis of a strong rise in Japan’s trade surplus in July, we had forecast the Yen to strengthen against the Aussie, a commodity currency, in our August 21st report. We had also indicated our willingness to open a
Read MoreRate hike expectations propel Canadian dollar
The Canadian dollar was on a tear against the G10 currencies for the most part of July. However, the Loonie declined against some of its rivals in August as geopolitical tensions between North Korea and the US forced investors to
Read MoreLoonie signals downtrend on weak crude, decline in IPPI
Since the beginning of July, the NZD/CAD pair had been on a steady decline. The decline in the average price of dairy products in the July auctions and downwardly revised growth outlook was mainly responsible for the Kiwi dollar to
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