* This article was originally published here
Thursday, September 30, 2021
End of Third Quarter 2021
The DXY weighted dollar dipped 0.1% overnight but experienced a quarterly advance of around 2.5%. In the Pacific Rim, share prices on the final trading day of the quarter rose 1.9% in Australia, 1.4% in New Zealand, 2.0% in Indonesia, and 0.9% in China but fell by 0.4% in Hong Kong and 0.3% in Japan. […]
* This article was originally published here
* This article was originally published here
Wednesday, September 29, 2021
Tuesday, September 28, 2021
Monday, September 27, 2021
Norges Bank
Central bank rate normalization has begun in Norway. Officials of the Bank of Norway at today’s scheduled policy review decided to increase their policy rate by 25 basis points to 0.25% from a record low of zero percent. This action reverses a 25-bp cut in May 2020 that followed two reductions in March totaling 75 […]
* This article was originally published here
* This article was originally published here
Sunday, September 26, 2021
Considerable Central Bank News and a Whole Lot More
The takeaways from Fed Chairman Powell’s press conference yesterday are that a tapering of Fed bond purchases could begin as soon as right after the next scheduled FOMC meeting and should be drawn down to zero by mid-2022, plus the lift-off date for the fed funds target could occur next year rather than in 2023. […]
* This article was originally published here
* This article was originally published here
Saturday, September 25, 2021
Pound Australian Dollar Exchange Rate News: GBP/AUD Muted amid UK Economic Concerns
Pound (GBP) Undermined by Rising Economic Uncertainty
The Pound (GBP) is trading without any strong directional bias against the Australian Dollar (AUD) today as traders grow increasingly concerned about the UK’s economic trajectory.
As a result surge in wholesale gas prices, the UK is now facing an energy price...
* This article was originally published here
* This article was originally published here
Friday, September 24, 2021
GBP/USD Forecast: Pound to US Dollar Exchange Rate Edges Higher as US Non-Farm Payrolls Fall
The Pound to US Dollar (GBP/USD) exchange has been mixed for much of the day as the latest services PMI...
* This article was originally published here
* This article was originally published here
Thursday, September 23, 2021
Wednesday, September 22, 2021
Tuesday, September 21, 2021
Financial Market Sell-Off
Investors are worrying the Congress will this time fail to raise the debt ceiling, whose limit will be reached during October. Many earlier games of chicken over raising the debt ceiling have always been averted, but political divisiveness has never been so raw since the convention of debt ceilings were adopted. The consequence of not […]
* This article was originally published here
* This article was originally published here
Monday, September 20, 2021
Meaningful Data Released Today in China, U.S., U.K., Japan and Euroland
The dollar fell overnight by 0.2% against the DXY weighted index and sterling, 0.4% versus the Japanese yen, and 0.1% relative to the euro and Swiss franc. Ten-year sovereign debt yields rose two basis points each in the United States, Germany and Great Britain but slipped a basis point in Japan. Equity markets mostly dropped […]
* This article was originally published here
* This article was originally published here
Sunday, September 19, 2021
Central Reserve Bank of Peru
The Central Reserve Bank of Peru’s Board of Directors hiked its policy interest rate twice as much as analysts were anticipating to 1.0% from 0.5%. This was the second straight increase after a hike of 25 bps in August, but unlike then, today’s statement admonishes against assuming more moves following immediately: “The current decision does […]
* This article was originally published here
* This article was originally published here
Saturday, September 18, 2021
Pound Australian Dollar (GBP/AUD) Exchange Rate Dips as Risk Sentiment Improves
GBP/AUD Exchange Rate Sinks, ‘Aussie’ Buoyed by Returning Risk-On Mood
The Pound Australian Dollar exchange rate fell by -0.3% this morning as a return of improved risk sentiment drives-up demand for the risk-averse ‘Aussie’. The pairing is currently fluctuating around AU$1.90.
Last week saw a ‘risk off’...
* This article was originally published here
* This article was originally published here
Friday, September 17, 2021
Pound Japanese Yen (GBP/JPY) Exchange Rate Steady as Japanese Industrial Production Dips in July
GBP/JPY Exchange Rate Rangebound as Japanese Covid-19 Vaccinations Increase
The Pound Japanese Yen (GBP/JPY) exchange rate held steady following the release of the latest flash Japanese industrial production figure for July, which fell below forecasts from 23% to 11.6%. The pairing is currently fluctuating around...
* This article was originally published here
* This article was originally published here
Thursday, September 16, 2021
GBP/AUD Exchange Rate Dips as Australian Growth Boosts ‘Aussie’
GBP/AUD Exchange Rate Falls as Australia Avoids Recession
The Pound Australian Dollar (GBP/AUD) exchange rate dipped today following after the latest ABS figures revealed that the Australian economy had grown by 0.7% in June, avoiding a recession – for now. The pairing is currently trading around AU$1.86.
Deloitte...
* This article was originally published here
* This article was originally published here
Wednesday, September 15, 2021
Central Bank of Russia
The Bank of Russia‘s key interest rate was lifted for the fifth time since March. In all, the rate has climbed 250 basis points to 6.75%, but today’s move of 25 basis points matched the previously smallest change, which happened to be the initial increment. With GDP back to its pre-pandemic level and “given high […]
* This article was originally published here
* This article was originally published here
Tuesday, September 14, 2021
Monday, September 13, 2021
GBP/AUD Forecast: Pound Australian Dollar Exchange Rate Weakens as 'Aussie' Soars
The Pound Australian Dollar (GBP/AUD) exchange rate has weakened today on an absence of economic data from the UK to support GBP exchange rates.
At the time of writing the GBP/AUD pairing are trending around the AU$1.8951 level as the ‘Aussie’ finds support on the back of risk-on trade.
Pound (GBP) Dips on Lack of...
* This article was originally published here
* This article was originally published here
Sunday, September 12, 2021
GBP/CAD Forecast: Pound to Canadian Dollar Exchange Rate Struggling for Direction
The Pound to Canadian Dollar exchange rate (GBP/CAD) is struggling for direction this morning despite...
* This article was originally published here
* This article was originally published here
Saturday, September 11, 2021
GBP/AUD Forecast: Pound Australian Dollar Exchange Rate Heads Higher on RBA Interest Rate Decision
The Pound to Australian Dollar (GBP/AUD) exchange rate has strengthened this morning on the back of...
* This article was originally published here
* This article was originally published here
Friday, September 10, 2021
Thursday, September 9, 2021
BlackRock has joined the bitcoin business - the world's largest asset manager has said two of its funds can now invest in the cryptocurrency - Business Insider
Wednesday, September 8, 2021
Tuesday, September 7, 2021
Pound Australian Dollar (GBP/AUD) Exchange Rate Edges Higher on Strong UK Jobs Data
GBP/AUD Exchange Rate Rises, UK Jobs Data Beats Forecasts
The Pound Australian Dollar (GBP/AUD) exchange rate rose today following stronger-than-expected UK labour data for June, with joblessness falling from 4.8% to 4.7%, buoying optimism in the nation’s economic recovery. The pairing is currently trading around...
* This article was originally published here
* This article was originally published here
Monday, September 6, 2021
Sunday, September 5, 2021
Saturday, September 4, 2021
Economic Recoveries Restrained by Worker Fears of Catching Covid
U.S. August labor statistics highlight a mix of weakening jobs growth and strengthening upward pressure on prices. Non-farm payroll jobs rose only 235k, about a third as much as was forecast. This undershoot overwhelmed a combined 132k upward revision of jobs growth in June-July. Although the unemployment rate and under-employment rate dropped by 0.2 and […]
* This article was originally published here
* This article was originally published here
Friday, September 3, 2021
GBP/USD Forecast: Pound US Dollar Strengthens on Disappointing US Employment Change
The Pound US Dollar (GBP/USD) exchange rate has strengthened throughout the day as disappointing ADP employment change figures from the US did nothing to support the ‘Greenback’.
The GBP/USD pairing are currently trading around the $1.3796 level as a better-than-expected UK manufacturing PMI supported the appeal of Sterling....
* This article was originally published here
* This article was originally published here
Thursday, September 2, 2021
Softer Business Confidence, A Rate Hike in Iceland, and Awaiting Clarification of Fed Policy Plans
The Jackson Hole annual central banker conference begins tomorrow at which investors hope to glean greater clarification of the Fed’s exit strategy. The Delta Variant’s wave of higher coronavirus infections has cast a shadow over how aggressively Federal Reserve officials will taper quantitative monetary stimulus. Global infections are closing in on the 215 million level. […]
* This article was originally published here
* This article was originally published here
Wednesday, September 1, 2021
Pound Canadian Dollar (GBP/CAD) Exchange Rate Dips as UK Labour Shortage Weakens Sterling
GBP/CAD Exchange Rate Falls, UK Car Manufacturing Falls to a 65-Year Low
The Pound Canadian Dollar (GBP/CAD) exchange rate dipped today as fears over a UK labour shortage for consumer-facing firms has dented confidence in the nation’s economic recovery. The pairing is currently trading around CA$1.73.
Charlotte...
* This article was originally published here
* This article was originally published here
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