Author Archive

Latest Posts

Bank of England Carney tames rate speculation

On Monday, the British Pound fell nearly 1% against the US Dollar, retreating from its highest level since the Brexit vote, after Bank of England (BoE) Governor Mark Carney said that any coming interest rate rises would be limited and gradual.

Markets yawn another North Korea missile launch

Last Friday, the US Dollar rose versus the Japanese Yen, regaining its footing after taking a hit when North Korea fired a missile over Japan into the Pacific Ocean, ratcheting up tensions after Pyongyang’s recent test of a powerful nuclear bomb.

Dollar recovers as geopolitical risks fade away

Yesterday the US Dollar held to large gains, following a sharp rebound against the Yen and Euro, lifted by improving investor risk sentiment as worries over North Korea and Hurricane Irma receded. A revival of interest in riskier assets prompted some

Euro Pushes Past ECB Concerns To Top $1.20

Last Friday, the Dollar slumped near its lowest levels in more than 2-1/2 years as the Euro continued to shine after European Central Bank President Mario Draghi’s suggestion that the ECB may begin tapering its massive stimulus program this fall. Draghi

Loonie jumped to its strongest level in two years

On Wednesday, the Loonie surged to 1.2134 against a weaker US Dollar, its highest level since mid-June 2015, after the Bank of Canada (BoC) surprised the markets by raising rates although many investors had expected the bank would wait until October.

Candy maker Mars looks to curb greenhouse Gas emissions across supply chain

Candy manufacturer Mars is one of a number of US firms, including Walmart Stores Inc. and Apple Inc, that have committed to curbing climate change. Mars is aiming to cut greenhouse Gas emissions and address other sustainability issues across its supply

Dollar maintains upward momentum as Havens retreat

Last week, the US Dollar strengthened after the release of strong economic data on Wednesday, posting a second consecutive increase for just the first time in two weeks, and fueling speculation that the Fed has more reasons to raise interest rates

Safe Haven assets rise after North Korea missile launch

Early on Tuesday, the US Dollar slumped to a four-month low against the Yen after North Korea fired a missile that passed over northern Japan, the latest act of provocation by Pyongyang that has ramped up tensions in the region over

Dollar supported as spotlight falls on monetary policy

Last week on Friday, the Dollar rebounded against its peers, helped by fewer than-expected US initial jobless claims, which rose 2,000 to a seasonally adjusted 234,000 for the week ended August 19 and as some participants bought back the currency to

Pound set for lowest close versus Euro

On Wednesday, the Euro hit its strongest level of 0.9237 against the British Pound in eight years, reflecting the diverging economic outlook for the Eurozone and the UK and its implications for their respective Central Banks’ policymaking. Economic data published yesterday