The Dollar extended earlier gains during noon trading Wednesday even after official inflation figures for the month of May surprised on the downside, although the miss was miniscule when compared with the extent to which markets have become pessimistic in their outlook for Federal Reserve (Fed) interest rate policy.
June 12,2019
The Dollar was back on its front foot Monday after having risen against all G10 rivals during the morning session but analyst commentary on the currency in the wake of last Friday's nonfarm payrolls report suggests it might only be a matter of time before losses resume.
June 10,2019
The Pound could well extend higher this coming ewek but we are wary of a brief and temporary setback from overbought levels.
June 9,2019
The Dollar about-turned and slumped lower during noon trading in the final session of the week after the May nonfarm payrolls report appeared to provide financial markets with further grounds for betting the Federal Reserve might need to begin cutting its interest rate soon, vindicating some analysts for their forecasts.
June 7,2019
The Pound has advanced against a retreating Dollar this week and could have further to climb over the coming days according to technical analysts at Commerzbank, who've also cautioned clients that the ongoing upward correction might not last for very long.
June 7,2019
The U.S. Dollar will eventually weaken when the Federal Reserve starts cutting interest rates, which is likely to happen in 2019 as the consequences of the trade-war bite says Danske Bank.
June 6,2019
Pound Sterling's advance against a weakening Dollar was halted on Wednesday after the Insitute for Supply Management services PMI surprised on the upside and if technical analysts are Commerzbank are right with their current call, renewed losses could be just around the corner.
June 5,2019
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