The Dollar crept higher Thursday as financial markets mulled over minutes of the July Federal Reserve (Fed) policy meeting going into a session that will also reveal more about recent European Central Bank (ECB) policy deliberations as well as the path of Turkish interest rates, all with potential implications for major currencies.
August 20,2020
The Pound-to-Dollar rate turned lower from 2020 highs on Wednesday following explosive gains earlier this week but Sterling's indecision risks seeing it come undone, according to strategists at Singapore's UOB, which is a sentiment that's also been echoed by others too.
August 19,2020
UK inflation for July came in hotter than expected, a development that will likely ensure the Bank of England maintains a cautious approach to cutting interest rates and boosting quantitative easing which is in turn supportive of Sterling.
August 19,2020
The Pound-to-Dollar exchange rate is quoted at 1.3104 at the time of writing with one analyst telling us that Sterling is being frustrated by some significant overhead resistance that looks likely to remain in place for some time. For the Dollar, the Democratic National Convention and the release of the minutes from the July Federal Reserve policy meeting will be of interest this week.
August 17,2020
The Dollar was sold heavily on Friday with losses escalating following better-than-expected core retail sales and upgrades to earlier estimates, though in the final session of the week it was Pound Sterling and the Japanese Yen which led the advance on the greenback.
August 14,2020
The Pound-to-Dollar rate has become a key battleground for Euro bulls as the trade-weighted single currency scales new highs, throwing a spanner in the works of a market looking to see more losses for the greenback and a sustained European outperformance of the British currency.
August 13,2020
The Dollar remained in a metaphorical dog box Thursday amid a tentative effort at stabilisation after Department of Labor data showed the number of new unemployment claims tailing off further in August.
August 13,2020
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