Latest 10 news items tagged India
US Dollar (USD) Rises as Trump Ends Exemptions to Sanctions on Iranian Oil Importers
Published: 23 Apr at 5 PM 2019
<h2>Pound Sterling (GBP)</h2>
The Pound (GBP) edged higher against many of its competitors – with the exception of the US Dollar – today as MPs head back to Westminster following the Easter holidays to engage with Brexit developments.
With no notable UK economic data being released today, many Sterling traders focused instead on MPs calling for Prime Minister Theresa May’s resignation.
However, with these calls generally ignored by Mrs May, and cross-party talks due to take place, Brexit developments have been...
Will GBP/EUR and GBP/USD Exchange Rates Fall on UK Trade Balance Turbulence?
Published: 5 Jan at 5 PM 2018
Pound Sterling (GBP)
The Pound has had a mixed week as 2018 begins.
GBP rose when the services PMI for December showed growth, but later fell on news that new car sales in 2017 had declined overall.
The November trade balance, out on 10th January, will be the main GBP-influencer this week. Estimates are for an expansion of the existing deficit, which could trigger a Pound decline.
The Euro fell in value on 5th January, owing to trader discontent about a flash inflation estimate for December.
AUD, NZD Exchange Rates Gain on PBOC Stimulus, CAD Trending Higher
Published: 20 Apr at 11 AM 2015
On Monday the UK’s Rightmove House Price report showed a 1.6% month-on-month increase in April, up from the 1.0% gain recorded the previous month. On the year, price growth eased from 5.4% to 4.7%, but the data had little impact on the Pound. Sterling managed to advance on the Euro following the release of Germany’s Producer Price Index and the Eurozone’s Construction Output report.
After the level of construction output in the Eurozone was shown to have fallen by -3.7% on the year in February rather...
GBP Strengthens, USD, EUR Exchange Rates Fluctuate after Manufacturing Reports
Published: 1 Dec at 4 PM 2014
A stronger-than-expected UK Manufacturing PMI helped the Pound advance on several of its most traded currency counterparts. The British asset climbed against both the Euro and US Dollar over the course of the European session, with the GBP/EUR exchange rate achieving 1.26 and the GBP/USD exchange rate rising above 1.57. Tomorrow’s UK construction report could give the Pound further support if it also surprises to the upside.
Before the US ISM and Markit Manufacturing PMI’s were published, the US Dollar...
Canadian Dollar Close To Three-Year Low After FOMC Announcement
Published: 19 Dec at 5 PM 2013
The ‘Loonie’ approached a three-year low against its US counterpart today as investors continued to respond to the Federal Open Market Committee's surprising stimulus decision.
The commodity-driven asset also softened against several of its most traded peers as commodities fluctuated.
Meanwhile positive UK retail sales figures helped the GBP/CAD pairing advance and the US Dollar remained stronger despite US initial jobless claims rising in the week ending December 14th.
According to one London based currency strategist;...
Rand And Rupee Weaken While The Pound Hits 2-Year High
Published: 3 Dec at 5 PM 2013
The Rand adopted a bearish relationship with the majority of its most traded rivals today as South Africa's current-account deficit unexpectedly widened.
While economists had forecast a shortfall of 6 per cent of GDP, following a revised shortfall of 5.9 per cent in the second quarter, the figure actually came in at 6.8 per cent of GDP.
This was the largest deficit recorded for over five years and is reflective of the impact a softening Rand and social unrest has had on the South African economy.
In a statement issued with the...
Canadian Dollar At Two-Year Low CAD/USD
Published: 2 Dec at 5 PM 2013
In a comparatively heavy news day the currency markets have seen some notable movement.
It's been a good trading day for the Pound in particular as stronger-than-expected UK manufacturing PMI saw the British currency record widespread gains.
The Euro was also able to advance on the US Dollar as final manufacturing reports for France, Germany, Italy and the Eurozone trumped previous estimates.
Meanwhile, India's Rupee was supported by encouraging domestic data and approached a two-week high against its US counterpart....
Thai Baht Plummets As Protests Intensify, CAD Tumbles
Published: 25 Nov at 5 PM 2013
As anti-government protests gather momentum in Thailand the Baht has tumbled against peers like the US Dollar and Pound.
Although the Pound declined as UK mortgage approvals data fell short of expectations, the Baht edged lower against its British counterpart and hit a 10-week low against the US Dollar as protesters stormed the Ministry of Finance in their latest attempt to force Prime Minister Yingluck Shinawatra’s removal.
Over 100,000 people are now engaged in protests against the unpopular political figure.
Franc (CHF) Cap Likely To Last Until 2015, US Dollar Slips
Published: 18 Nov at 5 PM 2013
As the economic crisis in the Eurozone deepened, investors searching for shelter from the storm turned to the Swiss Franc as a European haven. Consequently the Swiss National Bank opted to set a cap of 1.20 Francs per Euro back in 2011.
But with fears of a total currency-bloc collapse receding and the Euro regaining its footing in the currency markets, industry experts are altering their predictions regarding when the SNB will raise the Franc ceiling.
According to a recent poll conducted by Bloomberg News Agency, over 60 per cent...
Euro Recovers Losses Before German Inflation Data
Published: 11 Nov at 3 PM 2013
With economists speculating that last week’s extensive Euro declines were over the top, the common currency was able to recover some losses against its US peer. The Euro also advanced on the Pound ahead of tomorrow’s German and UK inflation data.
Last week the Euro floundered against the majority of its most traded peers as the European Central Bank introduced an unexpected rate cut, taking the central bank’s main refinancing rate to a record low 0.25 per cent. A surprisingly strong US non-farm payrolls report also kept the Euro...