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
Economy
Bank of Canada Overtakes Bank of England as UK Pound-Canadian Dollar Tide Turns
The Canadian Dollar has overthrown the Sterling as the best performing major currency of the year. But with the Bank of Canada’s (BoC) policy set to evolve in a favorable direction sooner than elsewhere, the Loonie is now a leading contender for a sustained period of outperformance. Canadian Dollar Overtakes U.K. Pound Sterling has suffered a setback alongside a softening … [Read more...] about Bank of Canada Overtakes Bank of England as UK Pound-Canadian Dollar Tide Turns
Barclays Predicts Pound-to-Australian Dollar Exchange Rate at 1.84 by End of 2021
Foreign exchange analysts at Barclays have updated clients with their latest foreign exchange forecasts. It says that British Pound is likely to remain strong while the Australian Dollar is prone to consolidation over coming weeks and months. The UK-based international lender and investment bank sees upside potential in the Pound-to-Australian Dollar exchange rate (GBP/AUD) … [Read more...] about Barclays Predicts Pound-to-Australian Dollar Exchange Rate at 1.84 by End of 2021
BNY Mellon Says Euro Holdings is Extreme, Euro-Dollar Rate at Risk of Decline
Euro exchange rates could be teetering on the brink of a more notable shift lower as a growing new wave of covid-19 infections grip Eurozone countries, leaving the region's services sector at risk of permanent scarring. COVID-19 Infections Risk on Economy The rise in COVID infections will likely require governments to implement further restrictions that could hit sentiment … [Read more...] about BNY Mellon Says Euro Holdings is Extreme, Euro-Dollar Rate at Risk of Decline
Bank of America Says U.S. Dollar Exceptionalism Will Push Through
The Dollar continues to advance against the Euro, and British Pound, say foreign exchange analysts at Bank of America. Research briefing to clients says that a period of U.S. economic outperformance and linked Dollar "exceptionalism" will not evaporate in the foreseeable future. U.S. Exceptionalism Expected The investment bank says they have been expecting general U.S. … [Read more...] about Bank of America Says U.S. Dollar Exceptionalism Will Push Through