The Dollar faded on Wednesday as a prior rebound melted away ahead of September’s Federal Reserve (Fed) policy decision in which the bank is expected to set out how its actions could change in the months ahead as a result of a new inflation targeting strategy announced in August.
September 16,2020
The Dollar Index swung back into the black Tuesday after U.S. officials indicated President Donald Trump could ignore a World Trade Organization (WTO) determination that tariffs imposed on China were in fact illegal, undermining the Yuan, EUR/USD and Pound-to-Dollar rate in the process.
September 15,2020
The Pound-to-Dollar exchange rate could stabilise at nearby levels in the days ahead after an escalation of ‘no deal’ Brexit fears and Sterling’s worst week since March lifted the Dollar Index, although with Brexit again scrawled over the British currency’s wall, further losses may also be likely sooner or later.
September 13,2020
The Pound-to-Dollar exchange rate was left beaten, bruised and bloodied on Friday following a painful week for Sterling exchange rates that have all been walloped by renewed fears about the outcome of the Brexit process, although analysts are warning that further, steep losses are still possible.
September 14,2020
The Pound-to-Dollar rate was under renewed pressure on Thursday as the Brexit talks hung in the balance amid controversy over the government’s internal markets bill, which has divided analysts and the market on the prospect of a deal being reached as well as the outlook for Sterling.
September 10,2020
The Dollar has rebounded this week but could have the legs to recover further if a darkening mood between Brexit negotiators leads UK-EU trade talks fall apart in Autumn, given that Sterling and the Euro account for a substantial part of flows measured by the Dollar Index.
September 8,2020
The call to sell Sterling against the Dollar was made ahead of the 0.87% decline registered on Monday, but there is still further downside to come before it fulfils its potential.
September 8,2020
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