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Tag: NOK

 

    USD Nears Peak; Oil Rebound to Send CAD Higher, INR to Record Low

    For the US dollar, analysts are predicting significant weakness in 2019. In contrast, the Canadian dollar will likely strengthen amid an energy market rebound, but under the same conditions the Indian rupee will slide to a record low. Cryptocurrencies, meanwhile, are trading higher but fail to inspire confidence.

    Canadian Dollar at Cheapest in 18 Months; Buy It Now Ahead of 2019 Rebound

    Canadian Dollar News and Forecast CAD

    The Canadian dollar fell sharply following Wednesday’s meeting of the Bank of Canada, at which the Bank appeared to imply that interest rates would rise at a slower pace than previously expected. The loonie will, though, see a great deal of support in 2019, experts have said.

    Petro-Currencies Struggle Amid Oil Market Plunge

    Undoubtedly, the speed at which the oil market has reversed has shocked foreign exchange traders as much as it has those in the commodities space. Currencies from economies that depend on oil exports can only do so much amid what is now an energy market rout. With Tuesday bringing a twelfth consecutive day of losses for oil, the Canadian dollar, Norwegian krone, Malaysian ringgit and Mexican peso all fell to multi-month lows.

    Dollar Strikes 16-Month High; Euro FX Down in the Dumps; Mexican Peso Falls Sharply

    Developments outside the US allowed for the dollar to appreciate against a basket of currencies to a sixteen-month high on Wednesday. The ICE-maintained US dollar Index, which provides a weighted-mean measure of the greenback’s value against the euro, British pound, Swiss franc, Canadian dollar, Japanese yen and Swedish krona, traded above 97.0 for the second […]

    Focus Turns to Europe Ahead of Big Brexit Meeting; Stay Long Euros; Krona Revived

    All eyes on Wednesday will be on the meeting between EU leaders and British Prime Minister Theresa May in Brussels, at which some still hope a Brexit deal might be struck. Expect volatility in sterling and euro rates throughout the evening. Meanwhile, the Swedish krona continues to outperform in Europe on expectations for tighter Riksbank policy.

    Yen Falls to 9-Month Low and Era of Cheap Money Ends in Hong Kong

    The US dollar was the best of the majors on Thursday—it broke to a nine-month high versus the yen and forced a retreat in the Australian dollar back to the low $0.72s. In Hong Kong, commercial lending rates have been raised for the first time in twelve years, indicating the beginning of the end for cheap money in the region.

    More Upside Expected for Norwegian Krone

    The Norwegian krone was the best performing G10 currency on Monday. The krone benefitted from better-than-expected inflation data and an uptick in European sentiment that followed this weekend’s Swedish election and Michel Barnier's prediction that a Brexit deal will be concluded within 6-8 weeks.

    Yuan and Australian Dollar Hit by Latest Round of US Tariffs

    Traders offloaded Chinese yuan and Australian dollars on Wednesday after the US government said it would introduce 10 percent tariffs on a further $200 billion worth of Chinese goods.

    Trump Slaps Tariffs on Allies but Calm Prevails Ahead of US Jobs Data

    The big news for investors on Thursday was Washington’s confirmation that steel and aluminium products reaching the US from Europe, Canada and Mexico – all important allies – would be subject to trade tariffs. Foreign leaders raged against the decision and announced plans for immediate retaliation. On Tuesday, Washington had already announced tariffs on $50 […]


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