The U.S. dollar traded higher against all the other major currencies on Tuesday, but today it seems to be stabilising, properly extending winnings only against the risk-linked currencies, the aussie, kiwi and loonie.

August 2,2023

The Pound to Dollar exchange rate enters a formative period for the outlook and a big week for economies on both sides of the Atlantic with the potential to see highs near 1.30 and lows around 1.27 but with much of the action likely in the latter half when the Bank of England (BoE) and July non-farm payrolls report take center stage.

July 31,2023

The Pound to Dollar exchange rate stalled in an earlier rally in the final session of the week after data suggested the Federal Reserve (Fed) is close to reaching its inflation target and that consumer spending continues to outpace income growth in the U.S. against the backdrop of a seemingly brightening picture in Europe.

August 11,2023

The U.S. economy is not slowing by as much as investors and economists were expecting, raising bets the Federal Reserve can raise interest rates on yet another occasion before the year is out.

July 31,2023

The Dollar was broadly weaker in the wake of the Federal Reserve's July decision to raise interest rates by 25 basis points and signal that any further rate hikes would be entirely dependent on the nature of incoming data.

July 28,2023

"A 25bp hike is widely expected and it looks far too early for the central bank to soften up its FOMC statement by embracing recent disinflationary trends... this should see the dollar holding onto some of its modest gains made over the last week" - ING.

July 26,2023