A global economic slowdown and the exorbitantly high cost of hedging against falls in the Dollar are likely to help keep the U.S. currency supported at relatively high levels over the coming months, ING Group says.
April 26,2019
The greenback was softer and the Pound-to-Dollar rate a fraction higher during morning trading Friday ahead of the release of U.S. GDP data for the first-quarter, which is key to the outlook for currencies the world over.
April 28,2019
The Dollar index is on course to reach a two-year high over the coming weeks, according to technical analysts at RBC Capital Markets, who say a breakout above the top an ascending triangle pattern has cleared the way for the greenback to return to levels not seen since late April 2017.
April 25,2019
The Dollar extended gains Thursday, keeping many exchange rates under pressure, after durable goods orders data pointed to a solid pick-up in U.S. business investment during March just a day before the first-quarter GDP data is released.
April 25,2019
The Pound-to-Dollar rate edged higher during early noon trading Wednesday following a punishing start to a holiday-shortened week but the British currency is at risk of another sharp lurch downward over the coming days, according to technical analysts.
April 24,2019
Sterling slipped into and out of the top spot in the G10 league table Tuesday as the UK parliament having returned from its Easter recess stoked fresh hope of a breakthrough in the Brexit process, but first-quarter GDP data due from the U.S. on Friday could pose a threat to the Pound-to-Dollar rate.
April 23,2019
The Pound-Dollar exchange rate has fallen below the psychologically important 1.30 marker as near-term momentum turns negative suggesting a bias for further losses over coming days.
April 22,2019
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