The euro edged lower against the dollar on Monday, as investors weighed the potential size of an expected Federal Reserve interest rate rise later this week. As of 03:13 EST (0713 GMT), the EUR/USD was trading down 0.15% at $1.0194, falling back slightly from a recovery […]
Sterling continues to defy some of the more bearish forecasts. Economists at ING expect the GBP/USD pair to edge higher towards 1.24 amid some respite in equities. Equity rally could help sterling “Headlines could be grabbed this afternoon by news that Conservatives in the lower house have […]
SYDNEY (Reuters) – The dollar rose past the psychological level of 130 yen on Thursday for the first time since 2002, after the Bank of Japan (BOJ) doubled-down on its super-low yield policy, while the euro briefly fell below another symbolic mark of $1.05. There had been […]
The U.S. dollar pushed higher in early European trade Wednesday, with the euro under pressure, with the intensifying conflict in Ukraine prompting demand for the world’s reserve currency. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six […]
EUR/USD has recovered modestly after dropping to fresh monthly lows. Technical outlook suggests that the near-term bearish bias remains unchanged. Investors wait for the US Federal Reserve to announce its policy decisions. EUR/USD has erased a small portion of its weekly losses after touching its lowest […]
The British pound inched down on Friday to within striking distance of its 2021 low against the dollar, as the UK’s pandemic curbs and weak economic data dampened expectations that the Bank of England would raise interest rates soon. Britain’s economy grew by a weaker-than-expected […]
The British pound slipped in early trading on Monday, hurt by a fall in risk appetite globally, after economic data from the United States and China prompted concerns about their recovery from COVID-19. Data on Friday showing a plunge in U.S. consumer confidence and data […]
Sterling fell below $1.40 and hit a 10-week high versus the euro on Thursday as markets reacted to a surprise hawkish shift by the U.S. Federal Reserve, boosting the dollar against other major currencies. Fed officials on Wednesday signalled they would raise interest rates and […]
A big move has been seen in the pound, with the EUR/GBP pair eroding the 2016-2021 uptrend at 0.8591. A second daily close below this level would open the path towards the 0.8465 May 2019 low, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, briefs. Key […]
GBP/USD has been on the rise amid dollar weakness and Britain’s vaccination campaign. In the view of FXStreet’s Analyst, sterling braces for the rally’s side effects, a downside correction. Key quotes “Work on the next US stimulus bill – the main dollar driver – is currently […]