The Dollar extended earlier losses Tuesday after Federal Reserve Chairman Jerome Powell gave investors further grounds to believe the U.S. central bank could cut its interest rate before the year is out, aggravating an already jittery market and keeping the greenback under pressure against most G10 rivals.
June 4,2019
The Dollar was on course for a second consecutive session of losses Monday after the latest Institute for Supply Management (ISM) survey offered further evidence that President Donald Trump's trade war is biting the economy, at a time when investors are already betting the Federal Reserve (Fed) will be forced to cut interest rates before the year is out.
June 3,2019
Technical studies suggest the Pound-Dollar exchange rate could recover some lost ground over coming days, but the difficult political backdrop in the UK will likely ensure any recoveries are shallow in nature.
June 2,2019
The U.S. Dollar was in a mire Friday after an influential indicator suggested that President Donald Trump's trade war with China may now be beginning to bite the economy, driving off a safe-haven bid and playing music to the ears of those betting the Federal Reserve (Fed) could cut interest rates before the year is out.
May 31,2019
The Pound-to-Dollar rate was in decline Thursday and closing in on its January 2019 low as the U.S. greenback bested its major rivals in noon trading, but there is more pain ahead for the British currency according to analysts at Credit Suisse.
May 30,2019
The Dollar is trading just below its 2019 highs at the moment: we find three arguments against believing it will push notably higher and deliver new multi-year highs.
May 29,2019
For GBP/USD, the technical picture is quite bearish: the pair is in an established and intact downtrend which is likely to extend but we are looking for a temporary pause in the move over coming days.
May 27,2019
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