The Dollar advanced against all major rivals ahead of an important Tuesday address from Federal Reserve Chairman Jerome Powell (Fed) which is set to determine if the greenback seeks to advance further in the weeks ahead, or if it eventually settles into a low volatility summer range.
June 22,2021
The Pound-to-Dollar exchange rate enters the new week licking wounds near to early May lows around which it could stabilise ahead of an important address from Federal Reserve (Fed) Chairman Jerome Powell on Tuesday, and June’s monetary policy decision from the Bank of England (BoE) on Thursday.
June 21,2021
The U.S. Dollar outperformed all major currencies except the Japanese Yen Friday after a possibly landmark shift in monetary policy guidance from the Federal Reserve (Fed), which has helped the ICE Dollar Index overcome a series of key levels and gotten analysts contemplating forecasts anew.
June 18,2021
The Pound-to-Dollar exchange rate was walking wounded near the bottom of its recent range Thursday after the Federal Reserve (Fed) triggered a sharp rally by the Dollar when announcing slightly adapted economic forecasts and guidance for monetary policy late on Wednesday.
June 18,2021
The Pound-to-Dollar exchange rate was back above 1.41 in the mid-week session although whether it holds the level into the weekend depends significantly on a looming monetary policy decision from the Federal Reserve (Fed) and the market’s interpretation of it.
June 16,2021
The Pound-to-Dollar exchange rate stabilised above 1.41 on Monday but could see both the upper and lower boundaries of its recent trading range tested over the coming days in what promises to be a noisy week for the UK and U.S. currencies.
June 14,2021
The Pound-to-Dollar exchange rate (GBP/USD) has failed to materially breach and hold 1.42 in 2021, and in the near-term it is unlikely to do so according to a noted foreign exchange trader.
June 8,2021
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