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The rise in oil prices is tipped by analysts to be supportive of the U.S. Dollar as non-oil exporting countries are expected to see inflation rates remain elevated as growth continues to slow.
September 7,2023
The Pound to Dollar exchange rate (GBPUSD) fell to a fresh three-month low after investors were left with very few attractive alternatives to the Dollar in the wake of underwhelming Chinese and Eurozone economic data.
September 6,2023
The initial market reaction to the August jobs report was straightforward, with the US dollar and yields getting knocked down, but it did not last, explains Marios Hadjikyriacos, Senior Investment Analyst at XM.com.
September 4,2023
"The next area of possible support would be at around 1.242; if that doesn’t hold we could then see a reversion to the major low posted near the end of May, i.e. at 1.232 or so" - The Technical Trader.
September 4,2023
Labour market figures show the U.S. economy continues to add jobs at a strong pace, although further signs of a slowdown were apparent in the August data released on September 01.
September 1,2023
Pound Sterling appears vulnerable to losses against the Dollar over the coming weeks of September according to a new analysis released at the start of the new month.
September 1,2023
The Pound to Dollar exchange rate is looking to make it a third successive day of gains as upside momentum from a surprisingly soft U.S. data report extends, however, analysts say strength is ultimately likely to prove fleeting for the time being.
August 30,2023
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