Greenback Turns Weak against Euro and Pound 0

The soft GDP growth outlook issued by Fed and weak US core inflation data has made the Greenback turn bullish against Pound and Euro. The Euro and Pound continue to remain strong against US Dollar after 1.1% monthly growth in

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Ramaphosa’s Win in ANC Election Strengthens Rand 0

Yesterday, Cyril Ramaphosa, who is the Deputy President of African National Congress emerged as a winner of the nail-biting party leadership election against ANC MP Nkosazana Dlamini who happens to be the ex-wife of Jacob Zuma. This, in turn, has

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Poloz’s Hawkish Speech Increases Odds of Another Rate Hike 0

Stephen Poloz, the Governor of Bank of Canada, has surprised the market on Thursday by delivering an upbeat statement regarding country’s economy. The Governor had given a hawkish comment last week about the interest rate. Things took an unexpected U-turn

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Pound Turns Weak after Delayed EU UK Talks 0

Yesterday, the market was optimistic that the leaders of the European Union would go ahead with their trade talks with the United Kingdom and their future relationship. The statements made at the end of Brussels Summit acknowledge there has been

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