The Dollar was sharply higher against the Euro and Pound Sterling following the release of U.S. labour market data that betrayed a healthy economy and invited the Federal Reserve to maintain a policy of aggressive interest rate hikes.
October 7,2022
The U.S. Dollar's ongoing demolition of other currencies swallowed more than $500BN of official reserves in the second quarter, according to International Monetary Fund (IMF) data, and from this it can be somewhat reliably inferred that the reserve cost of the Dollar rally topped $1 trillion in September.
October 6,2022
The Dollar is serving up a reminder that it remains the preferred asset in the current complex and uncertain global economic environment.
October 5,2022
Where is the key resistance for this market and how far does it have to climb before it can reverse the damage wrought by Truss and her team?
October 5,2022
The Pound to Dollar rate climbed back above 1.14 to extend a six-day recovery as U.S. exchange rates eased across the board following the release of data suggesting the number of U.S. job vacancies fell sharply in August.
October 4,2022
Dip below 1.10 likely again says BMO, Kwarteng's tenure as Chancellor will be a short one.
October 4,2022
The Pound to Dollar exchange rate has been on a rollercoaster ride of late but could find itself better supported if there is a determined attempt by the Peoples' Bank of China (PBoC) to stabilise the Renminbi in the Golden Week holiday and lead up to a key mid-October political event for China.
October 3,2022
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