The GBPUSD pair struggled during the course of the week but still managed to finish near the highs of the range last week. The pair could have taken much more advantage of the weakness in the dollar but the failure to do so speaks volumes about the weakness in the pound itself. It has now … Continue
Investing.com – The dollar fell to 14-month lows against a basket of global currencies on Friday, after economic data undershot estimates, narrowing investor expectations the Federal Reserve will keep to its plan to hike rates at least once more this year.
The Swiss franc was on track for its biggest monthly drop in six years Friday after it recorded a fourth consecutive day of losses, prompting analysts to suggest that the appreciation of the “safe haven” currency may be losing steam.