The Pound was treading water against the Dollar on Thursday after stabilising in the previous session but it faces a testing few weeks that analysts at Commerzbank and Capital Economics say are likely see the British currency succumb to fresh weakness.
June 27,2019
The Dollar rebounded in early trading Wednesday after two influential Federal Reserve (Fed) policymakers attempted to talk the market down from betting that a significant interest rate cut will be delivered at the July meeting, with one going as far as to say that such wagers are "overdone", offering respite to a beleaguered greenback.
June 27,2019
The Dollar was on its back foot for a fifth consecutive day Tuesday, ahead of an eagerly anticipated speech by Federal Reserve (Fed) Chairman Jerome Powell, although analysts from several major banks are saying the U.S. currency will cede further ground to its developed world rivals over the coming weeks.
June 25,2019
The Euro was on its front foot at the start of the new week, aided by a continued weakening of the U.S. Dollar, although the outlook for the single currency continues to divide opinion among analysts with some forecasting it to hit new lows later this year as others look for a steep recovery.
June 24,2019
The Pound-to-Dollar rate will be trading at around 1.2738 at the start of the new week, after rising 1.2% in the previous week. Studies of the charts suggest that the exchange rate is likely to continue rising over the next five days.
June 23,2019
The Dollar slumped across the board Thursday in response to the latest monetary policy guidance from the Federal Reserve (Fed), which strongly suggested the U.S. central bank could cut its interest rate before the year is out, vindicating some analysts for having bet against the greenback.
June 21,2019
The U.S. Dollar has taken another move lower in overnight Asia trade on news U.S. President Donald Trump was considering replacing U.S. Federal Reserve Chairman Jerome Powell.
June 20,2019
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