The Dollar has retreated in broad fashion as investor anxiety around the U.S. debt ceiling fades and they absorb Federal Reserve guidance that a June interest rate hike is unlikely; near term, all eyes are on today's jobs report.
June 2,2023
These cautious remarks knocked the wind out of the US dollar.
June 1,2023
GBPUSD was at risk of testing new multi-week lows after Chinese data prompted increased demand for the Greenback and expectations for further Federal Reserve rate hikes firmed.
May 31,2023
The Pound to Dollar exchange rate entered the new week near two-month lows but could attempt to pare away some of its recent losses if calm returns to government bond markets on both sides of the Atlantic in the days ahead.
May 30,2023
The Pound to Dollar exchange rate climbed from earlier lows in the final session of the week but its recovery could be limited if UK economic data encourages financial markets to maintain their sharply increased expectations for the Bank of England (BoE) Bank Rate.
May 26,2023
Pound Sterling is still screening overvalued and remains vulnerable to further losses according to strategists at one of Wall Street's largest banks.
May 26,2023
Market participants are becoming more confident the Federal Reserve might raise rates one final time this summer and that rate cuts won’t come into play anytime soon.
May 25,2023
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