The Pound is rising versus the Dollar and pushing up against the 50-day moving average on Tuesday, in a similar fashion to how it has over the last six days.
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The Pound to Dollar has risen up to the 50-day moving average at 1.2969 and then pulled back under heavy selling pressure into Friday's close after the Dollar made a strong comeback after the…
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The USD/CHF is showing signs of rebounding in line with most Dollar-based pairs, and following the general pattern of the Dollar's current, potential, 'renaissance'.
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The US Dollar remained broadly unchanged after the release of inflation data on Thursday, which showed personal consumption (PCE) rose by 0.1% month-on-month in July and 1.4% year-on-year (YoY).
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US second quarter GDP was revised sharply higher, to 3.0%, while the ADP jobs count surged - continuing a run of positive surprises for the dollar.
Read more … →The Pound to Dollar exchange rate was in the process of falling until it stationed on August 24, reversed and then started moving higher - which it has continued to do ever since.
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Stronger-than-forecast economic data has halted the fall in the Dollar and prompted some to expect that the Federal Reserve remains on the front-foot; something those betting against the Dollar mig…
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