Pound Australian Dollar (GBP/AUD) Exchange Rate Sinks Slightly Despite AU Retail Headwinds

GBP/AUD Exchange Rate Edges Lower on...

* This article was originally published here

Central Bank of Iceland Implements Third Rate Hike of 2021

At the Central Bank of Iceland, the seven-day term deposit rate was increased by 25 basis points to 1.5%. This is the third quarter percentage point tightening since May. Inflation topped 4% at 4.4% last month, and supply chain shortages continue, further risking an upward drift in inflation expectations. While first-half growth underperformed the expectations […]

* This article was originally published here

A Respite from Monday’s Difficult Day

Following a technology-led rout, U.S. equities are currently up around 1.25%, and the German, French, Italian and British bourses show rises of 0.6-1.0%. This rebound was not reflected in Asia, where share prices closed down 1.9% in South Korea, 1.3% in Japan, 0.9% in Indonesia, and 0.7% in Singapore. New Zealand and Australia markets dropped […]

* This article was originally published here

Dollar Strengthens on Day after Big Drop in Stocks

The DXY weighted dollar index rose 0.2% to an 11-month high overnight. Equities in the Pacific Rim picked up the baton from North America’s losing session the day before, dropping 2.1% in Japan, 1.8% in China, 1.9% in Taiwan, 1.2% in South Korea and 1.1% in Australia. However, European markets have mustered rebounds so far […]

* This article was originally published here

Daily Exchange Rates - Bank of Canada

Daily Exchange Rates  Bank of Canada

* This article was originally published here

Politics in the Forefront

As expected, political power will be changing hands in Germany. In yesterday’s national parliamentary election, the Social Democrats (SPD) captured the most seats (206 at last count) in a close and widely fractious vote. The SPD percentage of total votes cast was 25.7%, and the Christian Democrat/Social Democrat central-right group (24.1) share was its smallest […]

* This article was originally published here

GBP/AUD Exchange Rate Steady as UK Markets Confidence Dips on ‘Firebreak’ Lockdown Rumours

GBP/AUD Exchange Rate Rangebound as ‘Firebreak’ Lockdown News Dampens UK Economic Confidence The Pound Australian Dollar (GBP/AUD) exchange rate is rangebound today with UK markets concerned about the possibility of a ‘firebreak’ October lockdown, should Covid-19 infections and hospitalisations remain high next...

* This article was originally published here