Currency

The Canadian Dollar’s downward slide doesn’t seem to be easing anytime soon as analysts predict more loses due to concerns about brewing trade issues. The Loonie, which has been one of the poorest performers in a week where the US Dollar took a battering, managed to stabilize the decline though that can be attributed to factors that affected other trading currencies rather than a change of...

The Greenback took a hit this week from two sides as it fell against major trading currencies no thanks to two news releases that had a negative impact on the US Dollar. Firstly, the latest release of inflation figures projects a 0.2% rise in inflation, which is down from the figure of 0.5% registered in January. The annual rate, however, stood at 2.2%, a figure that definitely agrees with the...

The Pound once again caught a break this week after the optimistic statement by the UK’s Chancellor. The nearly battered currency strengthened against the Dollar, which unfortunately was subjected to another mild economic hit no thanks to the latest in a long list of power-play moves by the White House. The pound also solidified gains against most of the world’s major currencies as it...

Despite the lack of immediate domestic data, the Pound Sterling rose against the rest of the world’s heavily traded currency in the wake of Phillip Hammond; Chancellor of the Exchequer’s spring statement. The spring statement suggested that the days of austerity brought about in response to the recession and financial crisis of 2008 are almost over. Phillip Hammond confirmed to markets that...

According to forecasts by Australia and New Zealand Banking Group (ANZ), the pound could see a double-digit growth against the Australian Dollar before the end of the year. Despite the news, Britain’s currency continues to be the scapegoat of Brexit negotiations which will influence periods of volatility. The Bank of England’s (BoE) growing intolerance towards UK inflation should provide a...

Thursday 22nd of February saw the US Dollar hit a 10 day high in response to minutes from the US Federal Reserve January meeting. The result of the meeting saw policy makers showing confidence in the economic outlook for 2018. The US Dollar which is measured against six other major currencies climbed to a 90.235 (DXY) high, the highest it has been since the 13th of February. The dollar index climbed up...

In 2017, Bitcoin was the rage as the cryptocurrency’s value shot up in bounds and leaps. As its value went up, not only did more people become interested in what Bitcoin actually was, they also became interested in owning Bitcoins of their own which suddenly made the digital currency a viable object of trade for many people, including people looking to sell their homes. Sadly, come 2018, Bitcoin...

According to Reaz Rahman a Senior Dealer at Currencies Direct the pound was left flat against the euro and slumping versus the US dollar on Friday after the latest UK retail sales figures disappointed. Data covering January showed that sales including petrol increased just 0.1% month-on-month, compared to the 0.5% expected, while year-on-year sales grew 1.6% instead of the forecast 2.5%. Although...

Halo Financial a leading foreign exchange brokerage and specialist foreign exchange service provider released it's Euro Research report  Strong economy doesn’t translate to a strong Euro While the economic results for the Eurozone appear to be largely positive – beating forecasts and continuing to demonstrate growth – the pace of growth has slowed recently. Key economies for the...

If you’ve ever dreamed of building your own – perfect – house, you know just how disheartening it can be to consider how long it could take to have the money to not only buy the land for your home, but to also have the money to have the house built with just the right additions and fittings. Each one by itself might seem attainable, but together it feels impossible on your current...