The Dollar found solace and support in the punishment beating doled out to Pound Sterling Tuesday on reports suggesting Prime Minister Boris Johnson is seeking to create a new 'no deal' Brexit cliff edge, although European currencies could remain in the driving seat of the Dollar index over coming days.
December 17,2019
The Dollar softened against all major rivals other than safe-havens Monday as markets continued to celebrate an improved geopolitical environment which is being tipped by analysts to benefit so-called risk currencies in the weeks ahead.
December 16,2019
The Pound went from hero to zero Friday when profit-taking saw it hit the bottom of the major currency barrel ahead of the weekend and the outlook for the British currency is as uncertain as ever, with analysts and economists divided on the question of whether to expect further gains ahead or a return to earlier lows.
December 13,2019
The Dollar steadied Friday as a retreat by the Yen and pause for reflection in other currencies enabled the greenback to find support amid speculation that a 'phase one deal' with China could be signed ahead of the weekend, although the outlook for the U.S. unit is uncertain.
December 13,2019
The Pound-Dollar rate capitulated at its highest level since March during the morning session Thursday and was beating a swift retreat from a recovering Dollar as noon approached and the 2019 general election endgame loomed over markets
December 12,2019
The Dollar came limping into the morning session Thursday after being wounded by the Federal Reserve (Fed) overnight, although some analysts see it finding support ahead as British voters head to the polls and markets wait to hear if fresh tariffs will land on China’s exports this weekend.
December 12,2019
The Dollar pared gains over many rivals in the noon session after official data revealed a surprisingly strong increase in inflation last month although its the looming Federal Reserve (Fed) interest rate decision and guidance that matters most on Wednesday to the outlook for weeks ahead.
December 11,2019
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