The Euro is expected by several analysts to extend its period of weakness against the U.S. Dollar as delays to the rollout of the EU rescue fund combine with a slow vaccination rollout program and a rapid spread of covid-19 to cast a shadow over the Eurozone. Euro Falling Behind the U.S. Dollar In France, Italy and Germany Covid-19 infection figures are rising significantly … [Read more...] about New Analysis Predicts Euro-Dollar Rate to Roll Back to 1.16
Swiss Franc Outlook Hinged as Swiss National Bank Guards Stock Market Inflation
The Swiss Franc was little changed against the Dollar and Pound on Thursday following the March monetary policy decision of the Swiss National Bank (SNB), which has left the outlook for USD/CHF hinged on the recovery prospects of the all-important EUR/USD and EUR/CHF exchange rates. Swiss Franc on the Edge Switzerland's Franc was sold against commodity and growth currencies … [Read more...] about Swiss Franc Outlook Hinged as Swiss National Bank Guards Stock Market Inflation
UK Economy Surges and Employment Increases for the First Time in Months
According to the PMI DATA for March, the UK economy is springing back to life and creating more jobs for the first time since February. Employment Increases This Year The Manufacturing PMI read at 57.9, above the 55.0 forecast and 55.1 reported in February. The Services PMI - which covers the largest component of the UK economy - read at 56.8, above the consensus expectation … [Read more...] about UK Economy Surges and Employment Increases for the First Time in Months
Germany’s Economy Strained Again After New Virus Variant Forces Lockdown Through Easter
Germany is extending its lockdown until April 18 and calling on citizens to stay at home for five days over the Easter holidays to try to break a third wave of the Covid-19 pandemic, Chancellor Angela Merkel said early on Tuesday. In talks that ran deep into the night, Merkel pushed the leaders of Germany's 16 states to take a tougher stance to fight the pandemic, reversing … [Read more...] about Germany’s Economy Strained Again After New Virus Variant Forces Lockdown Through Easter
British Pound Forecast is Higher in 2021 Against US Dollar and Euro
Pound Sterling is forecast to gain against the Euro and Dollar over coming months, but a near-term pause in the currency's rally must be expected, say analysts we follow. "The UK is vaccinating at a much faster pace than the rest of Europe, which, combined with the Brexit deal, means the UK is set to outperform the rest of Europe beyond Q1 21," says Mikael Milhøj, Senior … [Read more...] about British Pound Forecast is Higher in 2021 Against US Dollar and Euro