Pound Hits TwoYear High on Dollar, Gains on Euro

LONDON, Aug 27 Reuters Sterling reached a twoyear high against the dollar on Tuesday, and also gained on the euro, supported by bets the Bank of England will cut rates less dramatically than the Federal Reserve while the British economy outperforms the euro zone. The pound rose as high as 1.3246, its highest since March […]
Read More

Pound Hits more than 2Year High, Dollar Back under Pressure

SINGAPORELONDON, Aug 27 Reuters The pound climbed to its strongest level against the U.S. dollar in more than two years on Tuesday and other major currencies also gained as a pause in rising oil prices helped investors reverse the previous session39;s shift towards the dollar. Trade remained shaped by the prospect of upcoming U.S. rate […]
Read More

US Durable Goods Orders surge 9.9, NZDCAD drops 0.53

Previous Trading Days Events 26.08.2024 US Durable Goods Orders A 9.9 surge in July 2024 flipped the prior months 6.9 dip, the strongest bounce since May 2020, outpacing the 5 forecast. Transportation goods powered the rebound 4.8, 102.2B, but orders excluding them edged down 0.2, 187.4B. Metal products ticked up 0.2, 36.3B alongside defence aircraft […]
Read More

TSX Notches Record High as Commodity Shares Surge

TSX hits recordhigh Energy sector leads the sectoral gains Givex to be acquired by Shift4 Payments, shares jump Aug 26 Reuters Canada39;s main stock index hit another record high on Monday in a broadbased rally led by energy and mining stocks, while September rate cut optimism in the United States also boosted investor sentiment. At […]
Read More