The Dollar softened Thursday after the Federal Reserve (Fed) extended currency swap agreements to nine more central banks as it seeks to contain a surge in the grenback that’s been so severe it now poses an additional threat to a global economy that’s already cratering amid the coronavirus pandemic.
March 19,2020
The Pound-to-Dollar rate suffered its most brutal sell-off since the Brexit referendum on Wednesday, leaving it wallowing at 1985 lows amid another agressive surge in U.S. exchange rates that some analysts say could send the British currency tumbling all the way down to 1.05.
March 18,2020
A combination of negative investor sentiment and a global crash crunch continues to place downside pressure on the Pound-to-Dollar exchange rate which looks set to extend its ongoing sell-off and ultimately fall below the psychologically important 1.20 marker.
March 18,2020
fThe Pound-to-Dollar rate crashed toward a key technical support level located at 1.1958 on the charts, a failure of which would risk further steep losses, amid more widespread weakness in the British currency and strong demand for the greenback,
March 17,2020
The broad Dollar slumped on Monday after the Federal Reserve (Fed) announced a surprise decision to cut its interest rate back to zero and formally relaunch its quantitative easing (QE) program, prompting sharp gains for the Pound-to-Dollar rate.
March 16,2020
The Pound-to-Dollar rate closed its worst week since the Brexit referendum Friday after suffering a near-6% loss but it faces a pickup in volatility as national 'epidemic curves' rise and fall in the week ahead and ultimately, the risk of further steep declines as the UK epidemic gathers pace.
March 15,2020
The Dollar and safe-haven U.S. bond fell stalled late on Friday as stock and oil prices rallied into the weekend after President Donald Trump declared a national emergency and announced a range of emergency measures to bolster the U.S. economy as it grapples with a coronavirus outbreak.
March 13,2020
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