09 April, 2020 |
The Dollar fell broadly on Friday, folding a strong earlier hand as the Federal Reserve (Fed) pounced on a crumbling labour market in an apparent effort to save the hard-won job gains of recent years from the coronavirus and resulting shutdown, which claimed another six million livelihoods this week.
08 April, 2020 |
The Pound-Dollar rate extended this week's rebound off earlier lows Wednesday but the outlook for it appears to be darkening as a range of forecasters tip trouble ahead for the British exchange rate while a 'death cross' further vanadalises an already bearish picture on the charts.
07 April, 2020 |
The Dollar suffered heavy losses against all major rivals Tuesday as investors serenaded an ongoing decline in the number of new coronavirus cases across some major economies which, if sustained, could produce a much steeper and more protracted depreciation of the U.S. currency in the months ahead.
05 April, 2020 |
The Pound-Dollar rate handed back some of its earlier gains last week but is in a good position to recover lost ground in the coming days, with the 200-day moving average near 1.2660 said to be a possibility, although risk appetite will be key to the trajectory of the exchange rate this week.