Share: The Pound Sterling (GBP) rallies against the US Dollar (USD) even though the latest round of UK economic data didn’t support the advance of Sterling, but overall weakness on the Greenback keeps most G8 FX currencies underpinned. The GBP/USD is trading at 1.2135 after sliding to a daily low of 1.2037 earlier in the European session. Read More…
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© Reuters. FILE PHOTO: The headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China, February 3, 2020. REUTERS/Jason Lee/File Photo SHANGHAI/SINGAPORE (Reuters) -China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year,
USD/JPY Analysis and Charts USD/JPY took back some of the previous session’s weakness Weak Durable Goods Orders had only a modest effect on the pair Investors are focused on what Jerome Powell has in store for them Recommended by David Cottle How to Trade USD/JPY The United States Dollar still finds buyers against the Japanese
© Reuters. FILE PHOTO: Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo SHANGHAI (Reuters) -China’s major state-owned banks were seen actively mopping up the on Monday, three people with knowledge of the matter said, as the currency comes under growing pressure from a darkening
Share: USD/CAD trades little changed in the mid-1.35s. Economists at Scotiabank analyze the pair’s outlook. Weak risk mood remains a headwind for CAD Weak risk mood and marginally lower energy prices are enough to keep the CAD tone defensive for the moment while relatively stable short-term spreads may act as something of an
Share: WTI rose above $83.00 to its highest point since mid-April, seeing more than 1.70% gains. The WTI barrel will set a sixth consecutive winning streak, and indicators flash overbought conditions. The USD weakened following NFPs figures revealing a deceleration of job creation in July. At the end of the week, the West
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Thursday, adding to the previous session’s losses in the wake of the Federal Reserve’s latest meeting, while the euro climbed ahead of the European Central Bank’s expected rate hike. At 02:55 ET (06:55 GMT), the , which tracks the greenback against a