US Federal Reserve

The Pound-to-Dollar exchange rate entered the penultimate session of the week appearing well supported after minutes of June’s Federal Reserve (Fed) meeting asked awkward questions of market assumptions about the bank’s timeline for ending its quantitative easing (QE) programme and lifting interest rates.

The U.S. Dollar recorded a 2.0% advance against the British Pound in the month of June and how the coming days and weeks play out for the U.S. currency could well depend on the July 02 jobs report.

The Dollar advanced against all major rivals ahead of an important Tuesday address from Federal Reserve Chairman Jerome Powell (Fed) which is set to determine if the greenback seeks to advance further in the weeks ahead, or if it eventually settles into a low volatility summer range.

Foreign exchange analysts are backing further Dollar strength in the wake of the U.S. Federal Reserve meeting, but the Euro-Dollar exchange rate's dip below 1.20 could ease selling pressures as bargain hunters return to the market.

The Pound-to-Dollar exchange rate was walking wounded near the bottom of its recent range Thursday after the Federal Reserve (Fed) triggered a sharp rally by the Dollar when announcing slightly adapted economic forecasts and guidance for monetary policy late on Wednesday.

Wednesday's Federal Reserve event presents the highlight of the week for the foreign exchange market with the outcome potentially setting the tone for currency markets over coming weeks.

The Pound-to-Dollar exchange rate was softer but off overnight lows in the mid-week session, alongside a once downtrodden Dollar, but could face further indecisive trading ahead as an evolving Federal Reserve (Fed) policy conversation leans against strength in Sterling.

The U.S. Dollar deflated in broad overnight losses, enabling the Pound-to-Dollar exchange rate to decisively reclaim 1.39 before looking toward the landmark 1.40 handle after the Federal Reserve stayed a steady and stable monetary policy course in April.

Investors are turning to the Euro once more as they anticipate it to rise in value against the U.S. Dollar, however the mid-week meeting of the U.S. Federal Reserve could determine whether these bets face a near-term setback.

U.S. inflation is heating up according to new data out on Thursday, prompting one economist to say pressure will now build on the Federal Reserve to raise interest rates.

The Dollar almost cleared from the market the last semblances of resistance to its resurgence on Friday when besting all other major currencies, after the Federal Reserve (Fed) called time on an almost year-long reprieve from some of the onerous capital requirements typically imposed on commercial banks.

The Dollar is rising alongside the yield paid on U.S. government treasury bonds, a sure sign that the market did not buy into the Federal Reserve's message delivered at its March policy meeting.

The U.S. Dollar went from boom-to-bust in spectactular fashion late Wednesday after the Federal Reserve (Fed) caught a falling bond market in its arms and in the process burned the fingers of investors whose 'hawkish,' if-not tin-eared wagers had effectively thrown down a gauntlet for American policymakers. 

The Federal Reserve's March policy event is front and centre for foreign exchange markets today and could well determine how the Dollar trades against the Pound and Euro over coming days.

EUR/USD has made a convincing break below the key 1.20 level driven by a surge in U.S. Dollar buying, after Fed Chair Powell failed to directly address a surge in U.S. bond yields.

The U.S. Federal Reserve Chairman Jerome Powell is to sit down with the Wall Street Journal for an interview today and what he says could well dicatate market direction for the next two weeks.

Expectations for higher growth and rising inflation have caused the value of the yield paid on U.S. government bonds to rise rapidly over recent weeks, tightening fiscal conditions not only in the U.S. but around the world.

A subtle shift in guidance by U.S. Federal Reserve Chairman Jerome Powell has done enough to send the Dollar lower against the Pound, Euro and other major currencies once more.

The Dollar faltered and the sell-off in bond markets resumed after Federal Reserve (Fed) Chairman Jerome Powell neglected to indulge misplaced speculation that a tapering of the bank's quantitative easing program is in the pipeline, when appearing before the Senate Banking Committee on Tuesday.  

The Dollar has strengthened over the course of the past 24 hours in the wake of the Federal Reserve policy meeting, although the prime driver of the move appears to be a sharp decline in markets.