Dollar exchange rates rose across the board after the U.S. services PMI beat expectations and eased fears that the economy was sliding into recession.
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New labour market figures from the U.S. show further cooling in conditions, raising fears that the U.S. economy is sliding into a recession.
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The Pound to Dollar exchange rate hit its highest level in 12 weeks on Tuesday amidst renewed USD weakness and analysts see potential for further advances if upcoming U.S. job figures disappoint.
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What is the Pound to Dollar forecast for the week ahead? We expect the Pound to potentially test the $1.28 level thanks to strong technical momentum and a potential undershoot in the all-important …
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The Dollar was softer after a key measure of U.S. inflation undershot expectations, keeping alive expectations that the Federal Reserve will cut interest rates later this year.
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GBP/USD selloff extended to 1.2680 on Thursday amidst rising U.S. Treasury yields and deteriorating investor sentiment. All eyes now turn to Thursday's GDP print and Friday's PCE release.
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Global investors are turning nervous, and this is boosting the Dollar.
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