The Dollar built on earlier gains Tuesday after the Insitute for Supply Management (ISM) services PMI surprised sharply on the upside for the month of October, leading the greenback to advance against all rivals, but some analysts are warning that the writing's on the wall for the U.S. currency.
November 6,2019
The Pound lagged many of its major rivals in a global pushback against the Dollar Tuesday amid uncertainty and unease over the likely outcome of a looming general eleciton, although some say the British currency could be further weighed down in the weeks ahead by narrowing opinion polls.
November 5,2019
The Dollar advanced against most rivals Monday as the dust settled on last week's interest rate cut from the Federal Reserve (Fed) and raft of trade related headlines, which have for the time being at least, placed a floor under the U.S. currency.
November 4,2019
Studies of the GBP/USD charts suggest the short-term uptrend will probably extend, particularly now a break above the major trendline has been confirmed.
November 3,2019
The U.S. Dollar went higher ahead of the weekend following the release of a consensus-busting jobs report out that showed the U.S. economy added 131K jobs in October.
November 1,2019
The Pound advanced broadly on Thursday but is being tipped by UBS and BMO Capital Markets to advance further against a wobbly Dollar over the coming days, due mainly to weakness on the part of the greenback and speculation suggesting a Conservative Party victory in the December 12 election.
October 31,2019
The Dollar fell broadly Thursday after a third 2019 interest rate cut from the Federal Reserve (Fed) knocked the greenback off its perch as the highest yielding major currency, and although the bank has signalled that no further cuts are ahead, analysts are still divided in their views on the outlook.
October 31,2019
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