The Dollar was in fresh retreat from a majority of rivals Wednesday after a short-lived rebound bit the dust ahead of the North American open when U.S. inflation figures surprised on the upside, likely aggravating investor concerns about declining inflation-adjusted returns and stoking demand for precious metals.
August 12,2020
The Pound-to-Dollar exchange rate capitulated at its highest level since March last week but may be likely to fall further in the coming days as tensions rise between the U.S. and China, key economic reports loom and the charts warn of a correction for both Sterling and the greenback.
August 9,2020
The Dollar extended its rebound against major and emerging market counterparts on Friday after official data showed America's labour market recovery continuing in the face of surging coronavirus infections last month, although global factors may matter as much for the currency's outlook.
August 10,2020
The release of U.S. non-farm payroll data is the highlight of the day with foreign exchange markets likely to pay particular attention to this month's reading to get a steer as to whether the recovery continued to fade in July or found a fresh wind.
August 7,2020
New analysis on foreign exchange market developments suggests the U.S. Dollar is increasingly concerned with the outcome of the U.S. election to the extent that it might be the single most important driver of the currency at the present time.
August 7,2020
The British Pound has rallied to a fresh 5-month high against the U.S. Dollar after the Bank of England's August update, which proved to be of more interest than markets had been expecting.
August 6,2020
The Dollar Index fell to a fresh two-year low Wednesday as the greenback ceded further ground to all major rivals after a better-than-expected Institute for Supply Management (ISM) was unable to stem the exodus from the U.S. currency.
August 5,2020
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