|Day's Range||1.408 - 1.419|
|52 Week Range||1.2369 - 1.4340|
Investing.com - The dollar edged higher against a currency basket on Thursday, but struggled to make headway as investors continued to grapple with the direction for Federal Reserve policy and fears over the prospect of a global trade war.
Investing.com - The Bank of England left interest rates unchanged as expected on Thursday, but surprised markets with two members of its Monetary Policy Committee voting for a hike, increasing the odds that the BoE could move as early as May.
Investing.com - The pound briefly touched the days highs on Thursday, before turning lower after the Bank of England left interest rates on hold, but said that “ongoing tightening” was likely to be needed, cementing expectations for a rate hike in May.
Jerome Powell’s first meeting as the Fed chairman ended up with a rate hike. However, the fed aims for three rate hikes in the rest of the year. In addition, concerns continue to grow over a trade war as Donald Trump is expected to impose US tariffs on Thursday.
The Bank of England on Thursday left its key interest rate at 0.5%, meeting widely held expectations. The Monetary Policy Committee voted 7-2 to make no changes in policy, a decision that comes as inflation ...
The pound traded close to seven-week high against the dollar on Thursday, heading higher after stronger-than-expected U.K. retail sales and as traders waited for the latest Bank of England announcement....
The pair bounced higher during the yesterday’s session trying to reach towards the 1.23 level and above. The next few sessions, the market is expected to remain volatile as the Fed has moved forward with a 25 basis points rate hike and will have 2 more this year. The pair rallied a bit during the yesterday’s session using the 1.40 level as support.
The dollar’s initial rally failed to gain traction because ahead of the Fed’s announcement, speculators were probably betting on as many as four rate hikes this year.
The British pound rallied a bit during the trading session on Wednesday, showing signs of strength again. The 1.40 level continues to be very important but with the Federal Reserve releasing the monetary policy statement, things could change rather rapidly.
Investing.com – The dollar fell against a basket of major currencies as traders appeared to take profits on recent gains ahead of a widely expected interest rate hike on Wednesday.
The U.S. dollar extends its decline against its major rivals on Wednesday as the Federal Reserve raised interest rates but stuck to its previous guidance of three rate increases in total this year.
The U.S. Dollar sold off on Wednesday following a the Federal Reserve's policy announcement that included a dovish interest rate hike. While the central bank raised rates by 25 basis points, in line with ...
Led by anti-EU campaigner Nigel Farage, a boatful of Brexiteers protest against a lack of fishing-fleet protections in the EU-U.K. transition deal — but a rule-happy official prevents them from reaching ...
Investing.com - The U.S. dollar remained lower against other major currencies on Wednesday, as investors were cautious ahead of the Federal Reserve's monthly policy decision due later in the day.
Investing.com - The pound rose to the day’s highs on Wednesday after the latest UK jobs report showed that wage growth picked up, fueling expectations for a rate hike by the Bank of England, possibly as soon as May.
Global equities have turned cautious in Europe before the U.S Federal Reserve’s FOMC Statement and Press Conference.
Investing.com - The dollar was lower against a currency basket on Wednesday as investors awaited the conclusion of the Federal Reserve’s meeting later in the day, when it was expected to announce its first rate hike of the year.
The pair reversed its direction and broke down significantly during the Tuesday’s session reaching the 1.2275 level, an area which is a significant support level. If Fed moves forward with 3 rate hikes this year, then the market will resume its upward movement towards the 1.43 and 1.45 level. The AUD traded on a choppy note throughout the Tuesday’s session dancing just above its major support level at 0.77 level.
The British pound has been negative during trading on Tuesday, breaking below the 1.40 level, but as I record this looks as if we are trying to retake that area. If that’s the case, I think we will continue to go higher.
Investors will also be looking for clues from the central bank on its outlook for the U.S. economy and how many interest rate increases we may see to prevent the economy from overheating.
Investing.com – The dollar rose against a basket of major currencies amid expectations that the U.S. Federal Reserve will raise rates for the first time this year on Wednesday.
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.