The Dollar overlooked a non-farm payrolls surge and sank to new multi-month lows against the Euro and Yen Friday as the Dollar Index headed for its worst intraday performance in more than two years amid another global market meltdown induced by fears of what coronavirus might do to the global economy.
March 6,2020
The Dollar Index has doubled over this week and its post-2018 uptrend could now be under threat just as the fundamental stars align for the Euro and Japanese Yen, two major constituents of the index, to strengthen meaningfully against the greenback over the coming months.
March 6,2020
The Pound-to-Dollar reclaimed the 1.29 handle Thursday as the steady hand of the Bank of England lifted the British currency off multi-month lows although analysts say the central bank's patience will soon run out and that Sterling could soon come under pressure again.
March 5,2020
The Dollar is trading higher against the majority of the world's major currencies, just hours after the U.S. Federal Reserve announced an emergency 50 basis point cut to their target interest rate level.
March 4,2020
The U.S. Dollar lost purchasing power after the U.S. Federal Reserve delivered an emergency 50 basis point interest rate cut on Tuesday, a move aimed at preempting any financial slowdown stemming from the coronavirus outbreak.
March 3,2020
The Pound-to-Dollar rate was buoyed Tuesday by strong construction industry data and as Bank of England (BoE) Governor Mark Carney appeared before the Treasury Select Committee where he ruled out the idea of an experiment with negative interest rates and pledged support for the economy.
March 3,2020
The Pound-to-Dollar rate came under mounting pressure heading into the weekend and has now broken a multi-month uptrend on the charts, creating a bearish technical picture on the charts just as the evolving coronavirus not-pandemic threatens to weigh disproportionately on Sterling.
March 1,2020
Page 171 of 377
