Economy

The Norwegian Krone meandered along the middle of major currency road Tuesday but could accelerate through the 2021 rankings this summer as Europe frees itself from a coronavirus vaccination mire, a global economic upswing lifts oil prices, and the Norges Bank raises interest rates before any of its peers. Norway's Krone Performance Norway's Krone advanced on many European … [Read more...] about Norwegian Krone Shines in Europe’s Economy

Foreign exchange analysts at Wall Street investment bank Goldman Sacks maintain a view that the U.S. Dollar will decline over the coming 12 months, even as they acknowledge the currency's strong start to 2021 has confounded their expectations. USD Lowering on the Market Analysts meanwhile maintain a view that the Pound should benefit "on a tactical basis," supported by the … [Read more...] about UK Pound to US Dollar Forecast as Goldman Sachs Still After a Lower USD

The Pound-to-Canadian Dollar exchange rate recovered off three-month lows to rise above its breakeven point for 2021 on Monday. Still, with the Loonie poised to enjoy its own period of outperformance in the coming weeks, GBP/CAD upside may be limited over the coming days. UK Pound and Canadian Dollar Forecast Pound Sterling entered the new week on its front foot with gains … [Read more...] about UK Pound and Canadian Dollar Recovers but Loonie Predicts Issue in the Future

Pound Sterling is firmly on course to record its fourth consecutive monthly gain against the New Zealand Dollar as a fresh bout of interest in the UK currency dominates foreign exchange trade action at the start of the new week. Meanwhile, investors continue to shy away from the Kiwi as they digest recent housing market policy changes. UK Pound and NZ Dollar Hits New High The … [Read more...] about UK Pound and New Zealand Dollar Rate Hits New High for the First Time in 6 Months

The British Pound is attempting to push higher against the Australian Dollar once again at the start of a new week and ahead of quarter- and month-end, as the UK currency finds itself in the driver's seat. Still, the Aussie Dollar looks decidedly more mixed and uncertain. Increase in Pound Sterling on the Market A rise in Sterling against the majority of the world's largest … [Read more...] about UK Pound and Australian Dollar Exchange Sees Best Rate in 2021