Tag: Rate Hike

Dollar Reverses Losses Against Pound from Previous Trading Sessions

Dollar Reverses Losses Against Pound from Previous Trading Sessions

The dollar rose against many of the currencies it sustained losses against in the wake of Wednesday's release of minutes from the Feds December meeting, from which investors and analysts were attempting to deduce the possibility of an interest rate increase in 2017. Despite incurring a significant drop against the British pound in the two … Continue reading Dollar Reverses Losses Against Pound from Previous Trading Sessions

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U.S. December Job Growth Poorer than Expected

U.S. jobs data was poorer than many analysts had been expecting, with a gain of 156,000 jobs in December, and the unemployment rate rising to 4.7%, representing a 0.1% increase from November 2016. However, U.S. unemployment spent 2016 at record lows, with the highest figure posted apparent in March and April, when jobless figures rose to … Continue reading U.S. December Job Growth Poorer than Expected

WTI and Brent Rise

WTI and Brent Crude were both up around 0.85% at 13:20 EST, following the trend of many dollar-denominated commodities subsequent to the release of minutes from the Feds December meeting. Brent crude oil, the global benchmark continued a consecutive day of gains, heading up from yesterday's upward close of $53.70/barrel, standing currently at 0.85% or $57.08/barrel, … Continue reading WTI and Brent Rise

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

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