Month: October 2021

The dollar bounces up from multi-month lows at 1.2310. The pause on US bond yield’s rally has weighed on the greenback. USD/CAD might reach 1.22 by year-end – Scotiabank. The US dollar is trimming losses against its Canadian counterpart after having bottomed at 3, ½-month lows at 1.2310 earlier on Wednesday. The pair has returned to 1.2350,
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Another quiet one on the data docket in Europe today [embedded content] The dollar is down across the board with the antipodeans leading the charge, as we also see USD/CNY fall to its lowest since 17 June, briefly clipping below 6.41. The retreat in Treasury yields overnight still leaves a lot to be desired as
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A worker carries lumber as he builds a new home in Petaluma, California. Getty Images Rising interest rates will result in a sharp drop in refinance demand in 2022, meaning a lot less business for mortgage bankers, according to the Mortgage Bankers Association’s just-released annual forecast. It predicts total origination volume will drop 33% to
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Brokerage firm Interactive Brokers Group is allowing investment advisers registered with the company to trade four cryptocurrencies. In an Oct. 18 announcement, Interactive Brokers said its Registered Investment Advisers would be able to trade and custody Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) for clients using Paxos Trust Company. The firm reported
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The forex markets are generally staying in consolidative mode today, with Euro and Swiss Franc trading mildly higher. Meanwhile, Aussie is leading other commodity currencies for retreats. Dollar is also trying to firm up with 10-year yield breaking above 1.62 handle. Yen, is also mildly higher with help from some pull back in stocks. Overall,
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