Tag: Currencies

Pound and Euro Rise Against Dollar

After taking a beating in recent trading sessions, the British pound has manged to reclaim some ground against the U.S. dollar in the wake of the release of the minutes from the Feds December meeting. Rising by 0.55% at 19:45 GMT, the pound now sits around the 1.23040 mark against the dollar, managing to scrape … Continue reading Pound and Euro Rise Against Dollar

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Anticipation of Fed Minutes Pushing Dollar Down

Traders anticipate the release of minutes from the Feds December meeting, with the potential of further interest rate increases the top priority of those eager to deduce any palpable hints from the minutes. With the rise of interest rates in 2016, the prospect of another rise, or, as some suspect, multiple rises, is at the … Continue reading Anticipation of Fed Minutes Pushing Dollar Down

Pound Suffers 1% Decline Against US Dollar

Surfing on buoyancy provided by positive manufacturing data, the US dollar reached the highest level since June 2002, pushing the GBP/USD ratio down to 1.22340, as bears fail to loosen the grip maintained on the ratio which has pushed the pound into a 5-week losing streak against the dollar. The dollar also rose significantly against … Continue reading Pound Suffers 1% Decline Against US Dollar