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EUR/USD Exchange Rate Rangebound, Could an Upbeat Fed Boost the ‘Greenback’? The Euro to US Dollar (EUR/USD) exchange rate held steady today following the The Euro to US Dollar (EUR/USD) exchange rate held steady today following the publication of the latest US inflation data for July, which undershot forecasts and fell from June’s 0.9% to 0.3% month-on-month. The pairing is currently trading around $1.17.

June 9, 2021 - Written by John Cameron GBP/AUD Exchange Rate Rangebound, BoE Says UK Housing Market is ‘On Fire’ The Pound Australian Dollar exchange rate held steady this morning following dovish comments from the Bank of England’s (BoE) chief economist, Andy Haldane, who said the British labour market remains highly uncertain. The pairing is currently fluctuating around AU$1.82. GBP failed to benefit from his more bullish comments, however, such as that the UK housing market was ‘on fire’. Rising inflation is however causing some concern for the central bank. Haldane commented on ...

May 20, 2021 - Written by John Cameron EUR/CAD Exchange Rate Rangebound as Canadian Jobs Market Improves The Euro Canadian Dollar (EUR/CAD) exchange rate held steady today as sliding oil prices have undermined demand for the commodity-linked ‘Loonie’. The pairing is currently fluctuating around CA$1.47. The Canadian Dollar (CAD) struggled today as sinking oil prices and souring global risk sentiment has limited the appeal of the risk-sensitive currency. Analysts at Reuters explain: ‘Oil prices dropped over $2 a barrel on Wednesday to their lowest in three weeks, on worries that surging...

May 19, 2021 - Written by John Cameron GBP/ZAR Exchange Rate Rangebound as South African Economy Remains Vulnerable The Pound South African Rand (GBP/ZAR) exchange rate held steady today after the latest South African consumer price index for April beat forecasts and rose by 0.7%. The pairing is currently trading around R19.89. The South African Rand also benefited from a slight rise in retail sales in March. As a result, confidence in the South African economy is continuing to grow. Analysts at Bloomberg explain: ‘Manufacturing and mining production, and retail sales rose slightly in the...

May 6, 2021 - Written by John Cameron GBP/JPY Exchange Rate Rangebound as Japanese Economic Optimism Returns The Pound Japanese Yen (GBP/JPY) held steady today after the Bank of Japan (BoJ) revealed that it was optimistic about Japan’s vaccine rollout. The pairing is currently trading around ¥151.92. The Japanese Yen failed to gain against the Pound today despite yesterday’s modest but notably more bullish BoJ monetary policy minutes report. The BoJ minutes said: ‘Some members said while the beginning of vaccine rollouts was a positive sign, developments regarding the pandemic continu...