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The Pound slumped to the bottom of the G10 league table Wednesday as traders dumped it in response to an attempt by Prime Minister Boris Johnson to curtail a rebellion among anti-Brexit MPs by shutting down parliament, although technical analysts at Commerzbank have suggested this fall is a buying opportunity.
August 28,2019
The Dollar put in a mixed performance Tuesday as investors responded positively to economic data and President Donald Trump's earlier claims that progress is being made in the trade talks with China, which have prompted analysts at TD Securities tip the U.S. currency to weaken in the days ahead.
August 28,2019
The GBP/USD rate is trading at 1.2244 at the start of the new week after rising almost 1.16% in the week before and studies of the charts suggest that the short-term trend has turned positive.
August 26,2019
The Dollar hit the ropes in the final session of the week after Chairman Jerome Powell's hinted in Jackson Hole the Federal Reserve (Fed) is slowly leaning toward further cuts for U.S. interest rates, which was too little and too late for President Donald Trump.
August 23,2019
The Dollar was marching north Friday ahead of an eagerly-anticipated speech from Federal Reserve (Fed) Chairman Jerome Powell that will set the direction for major exchange rates for weeks to come, and analysts are increasingly warning the U.S. currency could strengthen further.
August 23,2019
The Dollar advanced against most rivals Thursday after minutes from the latest Federal Reserve (Fed) interest rate meeting painted a picture of outright division on the Federal Open Market Committee, which is expected to support the Dollar ahead of a landmark speech from Chairman Jerome Powell on Friday.
August 22,2019
The Dollar was weaker against most currencies Wednesday during a session where so-called risk assets were in demand, but the downside should be limited ahead of Friday's speech from Federal Reserve Chairman Jerome Powell because U.S. bond yields are are proving so attractive to investors according to strategists at ING.
August 22,2019
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