The U.S. dollar climbed up against other currencies on Monday. The currency posted its biggest weekly gain in more than a month. Market players closed short positions ahead of a Federal Reserve policy meeting. In Asia, the dollar added 0.1% to $1.20980 against the euro after hitting an almost one-month high of $1.2093 in the …
U.S. Dollar Gained on Monday While the Sterling Plunged Low Read More »
The Pound Japanese Yen exchange rate tumbled down today after the Japanese economic index for April beat forecasts, soaring to 103. Currently, the GBP/JPY pairing is fluctuating around ¥154.88. The Japanese Yen rallied thanks to the leading index figure, which skyrocketed to a seven-year high in April. This index measures the nation’s economic activity. So, …
The Japanese Yen Rallied Against the British Pound Read More »
The U.S. dollar plummeted down to a 4-1/2 month low against a basket of other currencies on Tuesday. Federal Reserve officials’ insistence that policy would stay unchanged along with softer-than-expected U.S. data allayed traders’ fears about inflation and boosted interest rates higher. As a result, the dollar index lowered by 0.3% to 89.533 in Europe, …
U.S. Dollar Plunged to A Low Record While Sterling Soared Read More »
The U.S. dollar steadied against major currencies on Wednesday. Investors awaited U.S. Federal Reserve minutes due later on Wednesday. They expect these minutes to confirm that policymakers believe a rate jump is still in the distance. Traders will also be focusing on consumer price data in Britain and Canada to determine how quickly major economies …
Dollar steadied Wednesday. What about Euro and Sterling? Read More »
GBPAUD The RBA is expecting the Australian economy to have recovered in the first quarter of 2021 to its pre-pandemic level. During Monday’s policy meeting, the central bank cited the robust demand from China of Australia’s metals as the main driver of growth. This was despite the political tension between the two (2) countries. The …
The U.S. dollar traded near 2-1/2-month lows on Monday. Investors decided to unwind their growing long positions in the dollar due to a disappointing U.S. employment report. According to the latest survey, the United States created roughly a quarter of the jobs that economists had forecast last month. As a result, the unemployment rate unexpectedly …
U.S. Dollar Tumbled Down Monday While Sterling Hit New High Read More »
The euro climbed up on Thursday before a European Central Bank meeting. Analysts expect hints of tapering bond purchases and positive comments about the economic outlook to cause the currency’s rally. The ECB is due to meet later on Thursday. Investors think that the bank will leave policy unchanged, but experts noted that this meeting …
Euro Rallied Before The ECB Meeting. What About Sterling? Read More »
British inflation picked up in March with global oil prices rising and retailers scaling back their COVID-driven discounts. It is likely to keep edging up as the economy reopens from lockdown. In the coming months, British inflation should rise due to increased regulated household energy bills in April. It will also rise due to higher …
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