© Reuters. Investing.com – The U.S. dollar drifted lower Monday at the start of a data-packed week, while sterling gained on a degree of confidence returning to U.K. consumers. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 103.262, heading for a
© Reuters. FILE PHOTO: A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. Picture taken August 28, 2018. REUTERS/Marcos Brindicci By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against a basket of currencies on Friday on news of steady U.S. business activity in November, but private
Currency traders have seen the Euro maintain a bullish stance against the US Dollar today, as it continues to target the 1.1000 mark, finding support at the 1.0900 level. However, the European currency has experienced a downturn against the British Pound, reaching a two-week low. Investor sentiment has been influenced by shifting expectations around the
© Reuters. As US traders took a break for Thanksgiving today, the (DXY), a measure of the currency’s strength against a basket of other major currencies, dipped below the 104 mark. This movement suggests a potential weekly decline for the dollar. The quietness in the markets coincides with the annual holiday closure, which often leads
© Reuters. The exchange rate climbed to €1.1453 today, bolstered by hawkish comments from Bank of England (BoE) officials during a UK Treasury committee session. Governor Andrew Bailey and Deputy Governor Dave Ramsden discussed measures to combat persistent service inflation, targeting a strict 2% goal. The Pound’s strength was further supported by the UK’s public
Gold (XAU/USD) Analysis, Prices, and Charts Powell not confident that the Fed has done enough to get inflation down to target. US 30-year bond sale floundered, sending yields sharply higher. DailyFX Economic Calendar Federal Reserve Chair Jerome Powell sent risk markets spinning lower, and bond yields higher after he said that the US central bank
POUND STERLING ANALYSIS & TALKING POINTS BoE sentiments keep downward pressure on sterling. Fed officials will be the primary focal point for today’s US trading session. GBP/USD pullback may be short-lived. Elevate your trading skills and gain a competitive edge. Get your hands on the British Pound Q4 outlook today for exclusive insights into key
Investing.com – The U.S. dollar edged lower in early European trade Monday, falling to a six-week low and extending last week’s declines on the back of a less hawkish stance from the Federal Reserve. At 03:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, edged 0.1%
USD/JPY AND AUD/USD OUTLOOK: USD/JPY retreats for the second straight day as the broader U.S. dollar softens after the Fed fails to steer markets toward pricing another hike Meanwhile, AUD/USD breaks out to the topside after clearing trendline resistance Attention now turns to Friday’s U.S. economic data, which includes the nonfarm payrolls report and the
Share: The AUD/JPY is getting pushed back down into consolidation, slipping back beneath 95.00. The Yen is seeing a resurgence across the board on newfound strength. The Aussie is seeing recent gains get pared back heading into the end of the week. The AUD/JPY is seeing downside for Friday as the Yen (JPY)
