USD/CAD has declined further as investors digest Wednesday’s BoC interest rate decision. As was expected, the bank retained interest rates at 0.25%. The rates have remained at that level since the beginning of the coronavirus pandemic in 2020. Besides, the central bank has decided to lower its weekly quantitative easing […]
EUR/USD has eased on its rally as investors focus on the ECB interest rate decision scheduled for Thursday. While the central bank is likely to leave rates unchanged at 0.00%, the focus will be on its tone. On the one hand, the stubbornly rising COVID-19 infections in most parts of […]
Crude oil price continues to face a key hurdle in the form of unsteady recovery in global oil demand. The rising COVID-19 cases are of the drivers of the decline. India, the third-largest crude oil importer in the world, has continued to record a surge in new infections. According to […]
USD/CAD is trading lower as investors eye Wednesday’s BoC interest rate decision. The central bank is expected to leave interest rates unchanged at 0.25%. Notably, the rates have remained at that level since the beginning of the coronavirus pandemic. However, the focus will be on the bank’s tone and the […]
GBP/USD is trading lower after the US dollar managed to rise past the $91 mark in the previous session. However, the greenback is yet to find its footing amid the declining US treasury yields. On Wednesday, the benchmark 10-year bond yields were at 1.56, up by 0.22%. While this has […]
S&P 500 is on a decline as investors become cautious about the relentless rallying of the US stock market. In an interview with CNBC, Rick Rieder, the CIO of BlackRock’s Global Fixed Income noted that the economy is accelerating rather quickly. On the one hand, retail sales, housing starts, as […]
GBP/USD has eased after experiencing resistance at 1.4000. However, the pair remains on an uptrend amid a weakening US dollar. On Tuesday, the dollar index was down by 0.14% at 90.96. This is its lowest level since early March. The risk-on sentiment is weighing on the greenback as a safe-haven; […]
AUD/USD is trading higher as a reaction to the minutes of the RBA meeting on April. The Australian central bank is keen on maintaining an accommodative policy until it is able to stabilize inflation within the targeted range of between 2% and 3%; which may take till 2024. In its […]
Dow Jones has eased on its rally as investors await this week’s earnings reports to push the stock market to new record highs. After closing last week at a new record high of about 34,264, the index is down by a few points to 34,200. However, it remains on an […]
Silver price is wavering around $26 amid a weakening US dollar and lower US bond yields. The dollar index, which tracks the value of the greenback against that of several other currencies, was down by 0.53% at 91.13. That is its lowest level since early March. The greenback, which is […]
