The Pound-to-Dollar exchange rate is undervalued and likely on course for a multi-year high in the coming months, according to strategists at Commonwealth Bank of Australia (CBA), as investors show renewed interest in Sterling in response to a series of favourable fundamental developments.
January 19,2021
The Pound-to-Dollar exchange rate sustained its worst intraday decline for months on Friday as investor risk-aversion lifted the U.S. currency against most rivals, although Sterling is widely tipped to benefit this week and thereafter from a quickening pace of vaccination and improving economic outlook.
January 17,2021
A strong move higher by the U.S. Dollar has pushed the Pound, Euro and other major currencies lower ahead of the weekend.
January 15,2021
U.S. Dollar exchange rates were climbing in a risk-averse market on Friday as investors weighed the prospect of a large U.S. stimulus bill securing safe passage through Congress, a development that some analysts say would likely weigh on the Euro and support the Dollar Index.
January 17,2021
The Dollar has pushed higher against the Euro and other major currencies on Thursday as it extends a week-long recovery, driven primarily by expectations that the Federal Reserve will need to consider withdrawing its stimulus in the future.
January 14,2021
The Dollar is being tipped to benefit in the event that U.S. President Elect Joe Biden announces a generous economic support package on Thursday.
January 14,2021
The U.S. Dollar cemented its position as the best performing major currency of the week on Wednesday after December inflation figures offered fools' gold to investors, in the process appearing to revive concerns about a possible 2021 tapering of the Federal Reserve's (Fed) quantitative easing programme.
January 14,2021
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