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US Dollar’s Extended Rally Comes To A Halt

US Dollar’s Extended Rally Comes To A Halt

  It’s certainly conceivable…that the dollar rally has topped out The dollar erased the post election rally that sent the currency to its highest level since 2002, in one of the clearest signs that investors have lost faith in the so-called Trump trade. The ICE U.S. Dollar Index, which gauges the dollar against a basket of six currencies, […]

Post-Brexit Vote: UK Stocks May Reach Its Limit As Sterling Jumps

Britain’s benchmark stock index has soared by over a fifth since the post-Brexit referendum low it reached in late June, yet some believe the stunning momentum is soon set to fade. The rally has been largely driven by the plummeting British pound since the Brexit vote which had fallen by as much as 19 percent against the U.S. dollar by […]

Bitcoin’s Blockbuster Week In Charts

Bitcoin’s Blockbuster Week In Charts

Bitcoin broke through $1,800 to a fresh record high on Thursday, and has gained more than $200 this week alone, driven by a huge jump in demand from around the world. The digital currency started off the week at around $1,555 per coin, then breached $1,700 for the first time on Tuesday before carrying on […]

Pound To Dollar Recovers After Data Shows Dip In US Inflation

Pound To Dollar Recovers After Data Shows Dip In US Inflation

The Pound Sterling to Dollar recovered on Friday after the release of US Inflation and Retail Sales data undershot expectations and raised questions about the strength of the US recovery. Whilst headline inflation came out in line with expectations, the arguably more important, Core inflation increased by a lower-than-expected 0.1% in April and 1.9% on […]

Naira Firms As CBN Settles Forex Demand For Airlines, Fuel

Naira Firms As CBN Settles Forex Demand For Airlines, Fuel

The Nigerian Naira firmed against the US currency at the investors and export window as well as inter-bank spot market after the Central Bank of Nigeria was said had planned to auction an undisclosed amount of dollars on Wednesday through book building to settle a backlog of demand for airlines, fuel and raw material imports. […]

Bank Of England Lowers 2017 Growth Forecast, Leaves Rates Unchanged

Bank Of England Lowers 2017 Growth Forecast, Leaves Rates Unchanged

The Bank of England held interest rates steady at 0.25 percent, as expected, on Thursday while implementing some widely anticipated modifications to its growth and inflation assumptions over the three-year forecast horizon. Meantime, the Bank maintained stock levels of government bonds and corporate bonds at £435 billion and £10 billion, respectively, also as expected. Governor […]

Pound Again Falls As BOE Says Hikes Depend On Smooth Brexit

Pound Again Falls As BOE Says Hikes Depend On Smooth Brexit

The pound fell the most in a month after the Bank of England voted to keep rates unchanged by a 7-1 vote, an outcome that disappointed those betting the ranks of dissension would grow. Sterling traded at its lowest level in a week after policy makers left rates at 0.25 percent, a decision forecast by […]

Zambia’s Kwacha To Firm With Increased Dollar Supply

Zambia’s Kwacha To Firm With Increased Dollar Supply

Zambia’s kwacha is expected to firm next week as dollar supply increases in the market ahead of a government bond sale, while the Kenyan shilling is seen slipping on a dollar squeeze amid increased demand from oil importers and general merchants. ZAMBIA The kwacha is expected to stay firm next week due to a tight supply […]

Bitcoin Adds $3 Billion Four Days In Market Cap, Crosses $1,800 For The First Time

Bitcoin Adds $3 Billion Four Days In Market Cap, Crosses $1,800 For The First Time

Bitcoin surpassed $1,800 on Thursday to a fresh record high, rising more than $100 in just two days, driven by comments from policy makers and positive noises around the future of the cryptocurrency. The price of the digital currency was trading at around $1,824 by early morning in London, according to Coindesk’s bitcoin price index. It […]

Bank of England Warns Brexit Will Weaken Incomes For Years

Bank of England Warns Brexit Will Weaken Incomes For Years

The Bank of England, BOE, has warned that Brexit will weaken incomes for years as new UK data suggests firms are already holding back on investment. In its latest assessment of the U.K. economy, the Bank of England (BOE) kept interest rates on hold and warned that a squeeze on households could intensify with inflation […]

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