The Pound-to-Dollar exchange rate slipped into the penultimate session of the week alongside EUR/USD as the greenback retreated from other currencies at a glacial pace, while the Renminbi and Rand stood tall in a foreign exchange market that is becoming increasingly concerned with inflation.
May 27,2021
A struggling Dollar has opened the door to further gains by the Pound and Euro, with a good portion of recent losses coming on the back of fresh commentary out of the U.S. Federal Reserve.
May 25,2021
The Pound-to-Dollar exchange rate enters the new week underpinned by nearby support levels and within arm’s reach of 2018 highs, although much about price action over the coming days depends on international factors like investor appetite for the greenback and developments in Renminbi exchange rates.
May 24,2021
The Dollar was set to end the week in contemptuous defiance of its doubters on Friday as exchange rates rose alongside U.S. government bond yields following a volley of economic surprises and some late-in-the-day declines for European currencies.
May 21,2021
Dollar losses renewed heading toward the final session of the week with European and commodity currencies outperforming as investors looked past the latest volatility-inducing developments in the Federal Reserve policy conversation.
May 20,2021
The Dollar bounced on Wednesday, leading the Pound, Euro and other currencies to soften following strong gains earlier in the week and as investors looked ahead to the release of minutes from the April policy meeting of the Federal Reserve.
May 19,2021
The Dollar Index was eyeing multi-month lows Tuesday while risking a more protracted breakdown as Europe took its first steps in the reopening process and risk currencies outperformed, although investors’ responses to Wednesday’s Federal Reserve meeting minutes will be key to how the U.S. unit ends the week.
May 18,2021
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