Dollar exchange rates were on course for a second consecutive decline in the final session of the week after the Federal Reserve (Fed) said that U.S. economic data will influence the remainder…
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"I reckon we will see the likes of GBP and EUR, currencies that have performed very poor so far this year, stage a recovery against the greenback".
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"Growth momentum is undoubtedly weakening amid headwinds such as rapid policy tightening"
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The Pound to Dollar rate extended an almost nine day rally before being stalled by technical resistance on the charts after the Federal Reserve (Fed) indicated it would likely raise interest rates …
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The Pound and Dollar could see elevated volatility over the coming 48 hours with the Federal Reserve expected to hike rates again on Wednesday and the release of U.S. GDP data Thursday.
Read more … →The Pound to Dollar exchange rate has been recovering since mid-July and could be on the cusp of crossing an important technical milestone that could signal a more durable recovery.
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The Dollar and U.S. economy are the focus for foreign exchange traders in the final week of July with the all-important Federal Reserve rate hike falling midweek, but it is arguably Thursday's GDP …
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