The Dollar rose broadly Monday and could be poised to continue outperforming its developed world rivals this week even if the Federal Reserve ( Fed) cuts its interest rate on Wednesday, according to analysts at J.P. Morgan, who say a weak global economy means investors will continue to favour the U.S. currency.
July 29,2019
Concerning the outlook for GBP/USD, studies of the charts suggest the pair is at a crossroads with a 'hard' floor of support underpinning the British currency.
July 28,2019
The Dollar extended gains over rivals Friday after official data showed the economy growing faster than was expected during the second-quarter, challenging a consensus suggesting America is headed for the rocks and promting investors to rethink earlier bets that the Federal Reserve (Fed) is on the verge of an 'easing cycle'.
July 26,2019
The Dollar was buoyed Tuesday by a bipartisan agreement to defer a clash over the U.S. debt ceiling until after the next Presidential election although investor appetite for the greenback will tested on Thursday and Friday when the European Central Bank (ECB) interest rate decision is announced and second-quarter growth data is released.
July 23,2019
The Pound-to-Dollar rate is set to begin trading around 1.2498 when the market opens after falling back to its January lows in the previous week, where Sterling has found significant technical support even if the overall trend is still to the downside.
July 21,2019
The Dollar stabilised Friday after a steep overnight fall but the greenback is set for further declines in the final session of the week and will remain on its back foot into month-end, according to multiples analysts, who're tipping the currency to weaken as the Federal Reserve (Fed) begins cutting its interest rate.
July 19,2019
Despite the gains over the past 24 hours studies of the charts suggest the pair will probably continue declining in its established downtrend over the next five days.
July 18,2019
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