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The Dollar fell sharply against the Pound, Euro and other major currencies after the Chair of the Federal Reserve said the U.S. economy would not require significantly more rate hikes to bring inflation lower.
February 2,2023
Strategists at TD Securities say the Dollar selloff is "stretched" and "parts of FX are displaying signs of rally fatigue."
February 1,2023
USD tipped to struggle in wake of Fed hike by Goldman Sachs, most analysts say Fed nearing the end of hiking cycle.
February 1,2023
"Getting the dollar weaker will become an unspoken objective – the trade deficit is much too big given government policy aimed at reshoring production".
January 30,2023
The Pound to Dollar exchange rate has laid siege to six-month highs in recent trading but uncertainty about this week's interest rate decisions and U.S. economic data could prevent a further recovery over the coming days.
January 31,2023
The Pound to Dollar exchange rate attempted to rally after the Federal Reserve's (Fed) preferred measure of inflation softened again but Sterling found plentiful willing sellers as the market continued to favour the greenback ahead of next week's interest rate decisions.
January 31,2023
U.S. GDP was stronger than expected in Q4, but this is old news and the economy is slowing sharply say economists, which could keep USD pressured.
January 31,2023
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