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Euro moves dominated exchange rates on Thursday with sharp gains after the ECB council meeting failed to pull Euro yields lower.
The Pound to Euro (GBP/EUR) exchange rate dipped to 2-week lows at 1.1800 before a slight recovery to 1.1820.
The Pound was broadly side-lined on Thursday with net Pound to Dollar gains to 1.3785, but no break above 1.3800 ahead of Bank of England and Federal Reserve meetings next week.
Month-end position adjustment will trigger volatile Pound moves later on Friday.
On the other hand, the British pound is attempting to find support at 1.3665 lows on Friday’s late US trading, after plummeting more than 0.7% on the day. End-of-month moves with November’s Federal Reserve meeting around the corner, have boosted the US dollar across the board.
The USD surges on expectations of a hawkish Fed statement
The GBP/USD has dropped sharply on Friday, weighed by broad-based US dollar strength in a combination of a moderate risk aversion, and higher expectations of a hawkish turn by the Federal Reserve next week high.
Oil and gas rally boosts Chevron's quarterly profit to 8-year high.
The strong results for the No. 2 U.S. oil producer came a day after U.S. lawmakers grilled top executives of major oil companies over the industry’s past dismissals of climate warming and for funding groups that oppose a shift from fossil fuels.
Chevron’s earnings reflect, in part, gains from higher demand after the industry’s deep production cuts last year during the pandemic and production increases.
The company posted net income of $6.11 billion, compared with a loss of $207 million a year ago, on sales of oil that fetched nearly twice as much as a year ago and U.S.-produced gas that sold for three times as much.
African Gold Group announcement.
Yesterday, African Gold Group (TSX-V: AGG) announced that the Ministry of Environmental and Sustainable Development of the Republic of Mali has approved the Environmental and Social Impact Assessment ("ESIA") for the Kobada gold project and issued an updated Environmental Permit.
According to the company's statement, the ESIA marks a key milestone in the permitting process and is the culmination of extensive consultations and stakeholder engagement. "The approval of the ESIA and issuance of the Environmental Permit is a major achievement for our company and brings us to the final stages of the permitting process for Kobada," stated CEO Danny Callow.
Euro moves dominated exchange rates on Thursday with sharp gains after the ECB council meeting failed to pull Euro yields lower.
The Pound to Euro (GBP/EUR) exchange rate dipped to 2-week lows at 1.1800 before a slight recovery to 1.1820.
The Pound was broadly side-lined on Thursday with net Pound to Dollar gains to 1.3785, but no break above 1.3800 ahead of Bank of England and Federal Reserve meetings next week.
Month-end position adjustment will trigger volatile Pound moves later on Friday.
On the other hand, the British pound is attempting to find support at 1.3665 lows on Friday’s late US trading, after plummeting more than 0.7% on the day. End-of-month moves with November’s Federal Reserve meeting around the corner, have boosted the US dollar across the board.
The USD surges on expectations of a hawkish Fed statement
The GBP/USD has dropped sharply on Friday, weighed by broad-based US dollar strength in a combination of a moderate risk aversion, and higher expectations of a hawkish turn by the Federal Reserve next week high.
Oil and gas rally boosts Chevron's quarterly profit to 8-year high.
The strong results for the No. 2 U.S. oil producer came a day after U.S. lawmakers grilled top executives of major oil companies over the industry’s past dismissals of climate warming and for funding groups that oppose a shift from fossil fuels.
Chevron’s earnings reflect, in part, gains from higher demand after the industry’s deep production cuts last year during the pandemic and production increases.
The company posted net income of $6.11 billion, compared with a loss of $207 million a year ago, on sales of oil that fetched nearly twice as much as a year ago and U.S.-produced gas that sold for three times as much.
African Gold Group announcement.
Yesterday, African Gold Group (TSX-V: AGG) announced that the Ministry of Environmental and Sustainable Development of the Republic of Mali has approved the Environmental and Social Impact Assessment ("ESIA") for the Kobada gold project and issued an updated Environmental Permit.
According to the company's statement, the ESIA marks a key milestone in the permitting process and is the culmination of extensive consultations and stakeholder engagement. "The approval of the ESIA and issuance of the Environmental Permit is a major achievement for our company and brings us to the final stages of the permitting process for Kobada," stated CEO Danny Callow.
