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The Dollar drew support Thursday from official figures that showed inflation rising faster than was expected during June, potentially leading some investors to conclude that elevated consumer price pressures could prevent the Federal Reserve (Fed) from cutting its interest rate as much as markets expect.
July 11,2019
The Pound has begun to recover lost ground from the Dollar since eary in the Wednesday session and could go on rising over the coming weeks according to technical analysts at Commerzbank, although toward the end of July the Brexit saga will return to the headlines and fresh analysis from TD Securities suggests that could mark the beginning of a punishing bout of volatility for the British currency.
July 11,2019
The Dollar slumped Wednesday after Federal Reserve (Fed) Chairman Jerome Powell appeared to validate market bets that a series of U.S. interest rate cuts are on the way, during testimony to congress, which could have just set the greenback up for a more protracted decline.
July 11,2019
The Dollar was on its front foot Tuesday as investors pared back earlier bets against it ahead of Federal Reserve (Fed) Chairman Jerome Powell's eagerly-anticipated appearance before Congress, but analysts at Barclays say the U.S. currency will continue to dominate rivals for a while yet.
July 9,2019
The Pound-to-Dollar exchange rate is under fresh pressure on Tuesday, July 09 with analysts saying the move below 1.25 opens the door to fresh losses owing to a lack of support in the market we are told.
July 9,2019
The Dollar was on its front foot Monday as investors continued to reappraise the Federal Reserve (Fed) interest rate outlook in the wake of last week's nonfarm payrolls report, although analysts at MUFG have tipped the greenback for further gains in the coming days.
July 8,2019
The GBP/USD exchange rate is trading at around 1.2523 at the start of the new week, 1.35% lower than where it started the previous week. Studies of the charts suggest the pair is in a downtrend which is expected to continue over the next five days.
July 8,2019
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