US Dollar Remains Weak on Widened Trade Deficit
The greenback remains bearish against its rivals, despite the successful tax overhaul in the US. In particular, the US dollar is weak against the yen. The strong consumer spending and better-than-expected inflation rate in Japan aided the strengthening of the
Read MoreNew Study Shows Massive Salary Disparity in UK FTSE Salaries
The Vlerick Business School in Belgium carried out a study recently which showed that British companies have the most noticeable disparities in salaries. The study looked at different corporate salaries in Europe and noticed that British bosses in the country's
Read MoreIndian Economy Will Overtake France And The UK In 2018
The Indian economy is set to overtake both France and the United Kingdom (UK) in 2018 as Asian economies continue to march forward. The Indian economy has suffered in 2017 due to a demonetization drive and the roll out of
Read MoreYen Remains Weak Despite Solid Consumer Spending Data
The Forex market remains relatively quiet as most of the traders are away on holidays. The statistical agencies in the Europe are closed as well. So, there are no economic releases during the past two days. However, the Japanese institutions
Read MoreCanada’s Economy Unexpectedly Stalls in October
The Canadian dollar fell against its rivals on Friday, after Statistics Canada reported a worse-than-expected GDP data for October. Economists doubt whether the Bank of Canada will be in a position to raise rates in the next monetary policy meeting
Read MorePound Strengthens as UK’s Current Account Deficit Narrows
The Confederation of British Industry’s (CBI) recent survey painted a mixed picture of the UK’s economy. While the manufacturing sector is seen growing strongly, the retail sector is struggling. Additionally, the postponement of trade talks with the EU, to March,
Read MoreCanada’s Annual Inflation Climbs 2.1% in November
The Canadian dollar is generally categorized as a commodity currency due to its direct correlation with the price of crude oil. Canada’s biggest export revenue earner is crude oil. So, it is obvious that a volatility in the price of
Read MoreAustralian Dollar Turns Bullish on Upbeat Fiscal Outlook
The Australian dollar has turned bullish against the G10 currencies in December. In particular, the Aussie hit a one-and-a-half month high of 86.84 against the yen and a one month high of 0.7680 against the greenback. Following the poor current
Read MoreGreenback Turns Bullish Against Pound, Euro
The weak US core inflation data and soft GDP growth outlook issued by the Fed has turned the greenback weak against the Euro and the Pound. The October industrial production growth of 0.2% in the Eurozone and a 1.1% m-o-m
Read MoreRand Strengthens as Ramaphosa Wins ANC Election
Yesterday, the Rand strengthened considerably against the Greenback after Cyril Ramaphosa, Deputy President of African National Congress (ANC), won the closely contested party leadership election against the ANC MP Nkosazana Dlamini, ex-wife of Jacob Zuma. Ramaphosa is now in a
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