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Pound sterling soars after general election victory

The massive Conservative party victory gives Boris the mandate to end the uncertainty since the referendum to exit the European Union began. Markets expect the sterling surge to draw foreign investment back to the UK. Traders who also bought into...

Yuan and dollar fall as trade deal ride continues

On Monday, the dollar and the yuan fell in Asia as deal negotiations continue. The Dollar Index slipped 0.1% to 96.655 by 03:40 GMT. The USD/CNY pair gained 0.2% to 6.9979. Robert Lighthizer, the U.S. Trade Representative, told the CBS...

U.S Producer Price Index remains unchanged in November

The U.S Bureau of Labor Statistics announced the Producer Price Index for November on Thursday. According to the report, producer prices remained unchanged in November as a considerable drop in services’ cost balanced the rising prices for gasoline and food....

GBP slips on U.K. poll projections, as USD eyes the Fed

On Wednesday, during the early trade, the GBP dropped after a poll showed a narrowing lead for the British PM Boris Johnson’s Conservative Party in the election later this week. The USD movement looked to the Fed’s policy meeting. Investors...

German ZEW economic sentiment records the highest since February 2018

ZEW announced the German economic sentiment report for December earlier this afternoon. Beating analysts forecast and figure for November, the report fueled an upward rally in the EUR/USD. As per December’s report, the German ZEW economic sentiment hiked to 10.7...

EUR/USD exchange rate muted ahead of Fed and ECB Meetings

On Tuesday, the EUR/USD exchange rate remained muted, leaving the pair to trade at around $1.1082. The dollar was also steady against a basket of currencies at 97.605. The pair remained flat as the markets remained wary of the looming...

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