U.S. Dollar exchange rates pared earlier intraday losess in the final session of the week after Bureau of Economic Analysis figures showed the Federal Reserve's (Fed) preferred inflation measure stalling in March and after other data suggested that employment costs rose further last month.
April 29,2022
GBP/USD gains could be expected from a purely technical sense: this is an exchange rate that is now significantly oversold.
April 29,2022
A powerful GBP/USD sell-off was meanwhile arrested near 1.2436, with the EUR/USD consolidating at 1.04.
April 28,2022
"The regime of softer growth-higher inflation outlook has persisted and remains supportive of USD strength" - JP Morgan.
April 28,2022
The Pound to Dollar exchange rate was closing in on a major level of technical support on the charts during the mid-week session, which could potentially act to slow its declines, although some sellers have warned there’s a risk of it sliding below 1.25 in the days ahead.
April 29,2022
The Pound to Dollar exchange rate has fallen into the 1.27 zone in a sudden down move that leaves it vulnerable to further losses, particularly if a global market selloff intensifies.
April 28,2022
The Pound to Dollar rate entered the new week testing a major level of support on the charts and with only limited recovery prospects following a lengthy run of losses, while further declines remain a possibility due to an increasingly aggressive Federal Reserve (Fed) monetary policy stance.
April 25,2022
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