FOREX

Euro Edges Lower Against Dollar Ahead of Key Fed Decision

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      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 […]

FOREX

Sterling edges down to near 2021 low versus dollar

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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 […]

FOREX

Sterling dips below $1.40 on U.S. Fed hawkish surprise

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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 […]