Share: The GBP weakened on Tuesday against the USD as the Greenback gained ground against most of its rivals. Ahead of Thursday’s Bank of England (BoE) decision, the weak British made the GBP lose interest while markets await key labour data from the US. Economic data reported on the session from the US
Share: GBP/USD edges lower for the second straight day on Tuesday, albeit lacks follow-through. The USD climbs to a fresh multi-week top and turns out to be a key factor exerting pressure. The downside seems limited ahead of the BoE on Thursday and the US NFP report on Friday. The GBP/USD pair remains
US Dollar, DXY Index, USD, China PMI, Fed, AUD, NZD, Japan YCC, BoJ, HSI – Talking Points The US Dollar resumed strengthening again today as yields go north The Fed’s Kashkari hit the wires warning of potential labour market strains The Bank of Japan is allowing bond yields to go higher. Will that impact USD?
People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate than
TD is anticipating that the Fed will raise rates by 25 basis points, which will be the final increase. Even so, the analysts go on, the FOMC will likely continue to validate the dots while maintaining a hawkish tilt. It follows the tried-and-true “have your cake and eat it too” strategy. TD says they believe