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Page 12 - சர்வதேச பணம் பரிமாற்றம் வழங்குநர் ஆஃப் தி ஆண்டு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

UK-EU Pessimism Of Last Minute Trade Deal Sends Pound Sterling Lower Against Euro And Dollar

Pound-to-euro exchange rate retreats as negative UK Brexit rhetoric dents confidence, dollar weakness still dominates global FX markets Although currency markets still think negative UK Brexit rhetoric is a political front in order to set the stage for last-minute concessions and a deal, the persistent downbeat UK tone has undermined Sterling confidence with the pound-to-euro rate retreating to 1.1035. US dollar weakness has still dominated in global currency markets. The Pound-to-Dollar exchange rate strengthened to 31-month highs above 1.3600 before a correction to below 1.3550. Dollar weakness remains a major driver of exchange rates The dollar remained under heavy selling pressure during Thursday amid robust risk appetite and expectations of sustained monetary support by the Federal Reserve. Congressional negotiators also edged closer to a further US fiscal stimulus.

Bitcoin Price Forecast: BTC/USD Shatters Records At $23,000, But Should Be Worth $400,000

Ultra-loose global central bank policies boost bitcoin demand The Federal Reserve made no policy changes on Wednesday, but reiterated that monetary policy would remain extremely loose over the medium term as the Fed looked to run a hot economy to cut unemployment. Global central banks are determined to main very loose financial conditions which creates a very favourable environment for assets such as cryptocurrencies. There is also increased optimism that the US Congress will pass a fiscal stimulus package this week. A support package would boost the economic outlook and tend to undermine real interest rates. Very low interest rates and an on-going surge in liquidity have maintained a flow of funds into alternative assets with bitcoin also seen as a longer-term hedge against inflation.

US Dollar To Norwegian Krone Rate Slides To 16-Month Low As Norges Bank Holds Rates

The Norges Bank held interest rates at 0.0%, but the statement indicated that rates would increase earlier than expected in September with hikes starting in 2022. The rhetoric stands out in stark contrast to very dovish rhetoric from most global central banks which boosted the krone. Image: USD/NOK exchange rate chart The euro-to-krone rate dipped to test support below 10.50 for the first time this month with the dollar-to-krone rate at 16-month lows just below 8.60. The pound-to-krone rate retreated to 11.67, still above December lows below 11.60. Norges Bank expects rate hikes in 2022 Norway’s Norges Bank held interest rates at 0.0% following the latest policy meeting, in line with market expectations.

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