Tag: Dollar

Pound Marks Second Week of Recovery But Fall Still Likely to Continue

Pound Marks Second Week of Recovery But Fall Still Likely to Continue

The release of minutes from the Feds December meeting enabled the pound to enjoy a second week of moderate increase against the U.S. currency, however there is still a long way for the pound to fall. Since Brexit the pound has continued to descend against the U.S. dollar, with few regions of increase along the bumpy … Continue reading Pound Marks Second Week of Recovery But Fall Still Likely to Continue

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Buoyancy From Weak Dollar Pushes Gold Higher

The rise of many dollar-denominated commodities in Wednesday's trading session has continued into Thursday's, with a rise of 1.64% to 1,182.01 at 16:52 GMT. A falling dollar aided in pushing many dollar-denominated commodities higher in Wednesdays trading session, subsequent to the release of minutes from the Feds December meeting. With traders and analysts eager to detect … Continue reading Buoyancy From Weak Dollar Pushes Gold Higher

Dow and S&P 500 Indices Rise in Wake of Fed Minutes

Dow and S&P 500 Indices follow the trend assumed by many U.S. stocks and shares in the wake of the release of minutes from the Feds December meeting. Posting continued gains from a rising streak maintained since 6 November 2016, the S&P 500 posted gains of 0.56% at 20:00 GMT, climbing to 2,264.94, as many U.S. stocks and … Continue reading Dow and S&P 500 Indices Rise in Wake of Fed Minutes

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