The pending departure of Vice Chair of the Federal Open Market Committee (FOMC) Lael Brainard is one further potentially hawkish development in the outlook for Federal Reserve interest rates that could have supportive implications for the U.S. Dollar in the weeks ahead.
February 15,2023
The Dollar went higher in the immediate aftermath of the release of data showing U.S. inflation picked up in January, defying the Federal Reserve's best efforts to bring an end to historically elevated price rises.
February 14,2023
GBP/USD forecasts at Wells Fargo show 1.26 on horizon, EUR/USD to stay near current levels until H2.
February 14,2023
GBP/USD is underpinned by multiple layers of support, fibonacci levels & key average underpin near 1.1950.
February 14,2023
The Pound to Dollar exchange rate was nudged lower and left trading near 1.21 ahead of the weekend after University of Michigan (UoM) surveys told of an improvement in consumers' sentiment about the current economic situation and an uptick in year-ahead inflation expectations.
February 14,2023
The Pound to Dollar exchange rate neared one-week highs and its 55-day moving average in the penultimate session of the week, placing directly in the crosshairs of sellers who've recently advocated bearish bets against Sterling owing to concerns about structural problems weighing on the UK economy.
February 9,2023
U.S. Dollar exchange rates were lower with modest losses in many cases by the mid-week milestone after Federal Reserve (Fed) Chairman Jerome Powell's appearance at the Economic Club of Washington prompted a wave of what might have been profit-taking on speculative trading positions.
February 8,2023
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