The Dollar is the best-performing major currency of the past month thanks to a deteriorating global economic outlook linked to ongoing lockdowns aimed at preventing the spread of the coronavirus, and until a convincing medical solution to the outbreak is found further gains are likely.
April 3,2020
The Pound-to-Dollar rate was nearing the end of a 'dead cat bounce' Tuesday as momentum ebbed from the market, leaving Sterling vulnerable to a return to the 1985 lows seen earlier in March.
March 31,2020
"The unfolding global contraction is poised to supplant the Great Financial Crisis (GFC) as the new benchmark for extreme economic disruption – the current collapse in economic activity is much deeper" - JP Morgan.
March 31,2020
The Pound-to-Dollar rate closed out its largest weekly gain for over a decade on Friday but it's now tipped to ecounter resistance on the charts that could act as a road-block Sterling over the coming days, although investor appetite for risk and demand for the Dollar will be the dominant driver of the exchange rate.
March 29,2020
The Pound-to-Dollar slumped on Friday, unwinding earlier whopping gains, after Prime Minister Boris Johnson said in a surprise announcement that he has tested positive for coronavirus but will continue to lead the country.
March 27,2020
A new record was set today when it was reported 3.2 million Americans applied for unemployment support in the week ending March 21, which was well above the 1.7 million that markets were expecting, a number that amounts to more than 2% of the employed population.
March 26,2020
It's a big day for the Dollar as market attention fixes on the release of weekly jobless claims, which will give a first taste as to just ho the 'corona crisis' will impact the world's largest economy.
March 31,2020
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