The unexpected results of the recent elections in India have created a level of political uncertainty that has the potential to influence market sentiment in the short term. While some analysts have expressed concerns about the implications of this uncertainty, Citi Research maintains that it does not warrant immediate adjustments to their macroeconomic forecasts for
Forex
President Vladimir Putin recently emphasized the importance of Russia cutting imports and increasing the use of non-Western currencies in trade settlements. He highlighted the significance of expanding the country’s domestic financial markets during his speech at the St Petersburg International Economic Forum. Putin pointed out that the trade with Asia has been on the rise,
As traders eagerly awaited the release of key U.S. employment data, the U.S. dollar remained largely unchanged in early European trade. The Dollar Index, which tracks the greenback against a basket of other currencies, traded flat at 104.060. The dollar has been under pressure this week, down 0.5% amid concerns about easing labor market conditions
In early European trading, the U.S. dollar has stabilized while the euro has gained momentum as investors look ahead to the European Central Bank’s policy-setting meeting. The Dollar Index, which tracks the greenback against a basket of currencies, saw a marginal increase to 104.265 at 04:00 ET. The dollar has been on shaky ground this
The recent decision by the Bank of Canada (BoC) to cut interest rates by 25 basis points had a minimal and brief impact on the Canadian dollar. Analysts from ING suggest that this lackluster response may have been due to market anticipation of a 20 basis point cut prior to the official announcement. The BoC
The recent Reuters poll on the Canadian dollar forecast revealed that the loonie is expected to strengthen less than previously anticipated over the next year. This is due to the possibility of the Bank of Canada cutting interest rates before the Federal Reserve, combined with global trade uncertainty stemming from the U.S. election. The median
The recent rise of the U.S. dollar in early European trade has sparked some interest and speculation among investors. After hitting two-month lows, the Dollar Index managed to bounce back, showing a 0.2% increase to 104.265. This movement comes at a crucial time when the market is eagerly awaiting more information on future monetary policy
The recent victory of Claudia Sheinbaum’s Morena party in Mexico’s presidential election had a significant impact on the country’s financial markets. The peso tumbled by as much as 4.1% against the dollar, leading to concerns among investors and analysts. The ruling party’s unexpectedly strong showing raised fears of constitutional changes that could potentially weaken checks
The Russian government recently made changes to the mandatory sales of foreign currency for exporters if more than half of the value of their contracts is paid in roubles. This decision was made in an effort to prop up the rouble, which was under pressure from capital outflows and limited foreign currency supply. President Vladimir
The U.S. dollar experienced a slight rise in early European trade, bouncing back from previous losses in anticipation of key inflation data. The Dollar Index, which tracks the greenback against a basket of six other currencies, showed a 0.1% increase to 104.735. This movement followed a dip to 104.63 overnight, highlighting the volatility in currency