The Dollar surged at a shock-and-awe-inspiring pace against other currencies on Thursday, subjecting the Pound-to-Dollar rate to its largest one-day decline since the 'flash crash' of October 2016 in the process, amid as risk asset hemorrhaged more capital and investors flocked toward liquidity and perceived safety of the greenback.
March 12,2020
The Dollar is surging higher across the board in a foreign exchange market that is witnessing the kind of volatility that has not been seen in years.
March 12,2020
The Pound was buoyed Thursday by a coordinated effort between government and central bank to support the economy as it braces for a possible coronavirus epidemic, as the Dollar sagged in response to growing market disappointment with Washington and a reduced yield appeal to investors.
March 11,2020
The U.S. Dollar appears to be a notable casualty of the Monday market meltdown, with selling of the greenback aiding a move back above 1.31 in the Pound-to-Dollar exchange rate.
March 9,2020
The Pound-to-Dollar rate is on cusp of a breakout to the upside on the charts after overcoming a key resistance level in the Friday session, which could ultimately see the exchange rate retest its December highs over the coming weeks.
March 8,2020
The Dollar overlooked a non-farm payrolls surge and sank to new multi-month lows against the Euro and Yen Friday as the Dollar Index headed for its worst intraday performance in more than two years amid another global market meltdown induced by fears of what coronavirus might do to the global economy.
March 6,2020
The Dollar Index has doubled over this week and its post-2018 uptrend could now be under threat just as the fundamental stars align for the Euro and Japanese Yen, two major constituents of the index, to strengthen meaningfully against the greenback over the coming months.
March 6,2020
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