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👤Arthur Greene
🕔August 1, 2016
The Canadian dollar has more recently been hit by wave after wave of turbulence mostly arising from the volatility surrounding oil prices. The Canadian dollar last week reached its least in four months against the US dollar, a significant reason for this fall is the slump in crude oil price.…
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👤Arthur Greene
🕔July 28, 2016
The Chinese Yuan on Thursday displayed a growing strength after the US Federal Reserve left interest rates the same, with Thursday marking the third day of consecutive gains for the currency.
During Thursday’s day trading session in China the yuan was priced at 6.6680 to the dollar at around 10:15 am, this value was 0.09% stronger than the previous day, meanwhile outside China in Hong Kong, the yuan stood 0.06% stronger than its Wednesday value at 6.6667 to the dollar.…
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👤Arthur Greene
🕔July 23, 2016
- The GBP has grown very sensitive to fundamental surprises
- Voting Member challenges rates cut
The GBP closed the week at almost the same value it started with against the USD amidst obvious disappointments in the UK economic data. A tight economic calendar in the following week could well have a profound effect on investor’s sentiment, the coming Bank of England interest rate decision which is due in the next two weeks further compounds the situation.…
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