<div class="at-above-post addthis tool" data-url="https://www.metro.us/reuters-poll-canadas-economic/"></div>BENGALURU (Reuters) – Canada’s economy will hit a major roadblock during the first quarter of 2021 before gaining momentum in the next quarter, according to economists in a Reuters poll who said the country’s GDP would reach its pre-pandemic growth levels within a year. Although economic activity had recovered partially from a record drop – […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/reuters-poll-canadas-economic
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BENGALURU (Reuters) - The dollar’s weakening trend will last at least another year, longer than previously expected, according to a majority of foreign exchange strategists polled by Reuters who cited a hunt for yields in emerging market currencies as the main reason.
FILE PHOTO: A woman counts U.S. dollar banknotes as Lebanese pounds are pictured in the background at a currency exchange shop in Beirut, Lebanon April 3, 2020. Picture taken April 3, 2020. REUTERS/Mohamed Azakir
After posting its first annual loss since 2017 last year - dropping around 7% - the dollar index has weakened as much as 1% since the new year. While on brief occasions the dollar has shown resilience, it has failed to sustain that as the factors underpinning its rally for years have largely abated.
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=EURNOK= EURNOK poll data
OSLO/STOCKHOLM, Jan 8 (Reuters) - The currencies of Norway and Sweden are set to extend their recent gains against the euro and dollar in 2021 as the Nordic region’s economic prospects continue to recover, a Reuters poll of analysts showed.
Both the Swedish and Norwegian crowns plunged in March as the first wave of the COVID-19 pandemic swept the region, but have since seen a gradual normalisation of exchange rates.
In Norway, which is expected to see the biggest currency bounce, the central bank has said it may raise interest rates in early 2022, potentially making it the first developed economy to increase the cost of borrowing after the pandemic.