|Day's Range||1.409 - 1.417|
|52 Week Range||1.2369 - 1.4340|
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending March 20 on Friday.
The U.S. dollar remained lower against a basket of other currencies on Friday as fears of a global trade war kept the greenback down and Trump threatened to veto the spending bill. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.30% to 89.20 as of 9:29 AM ET (13:29 GMT). China promptly retaliated with plans to announce tariffs of its own against the U.S., rising concern among investors of a global trade war.
The dollar dropped against most major currencies on Friday, sliding to its lowest level against the yen since the U.S. election in 2016 in a flight to so-called haven assets as the trade rhetoric between ...
The pair dropped slightly lower during the Thursday’s session testing 1.23 level for support and its look likely that the market will move higher from here. The pair has a strong support at the 1.2275 level extending up to 1.21 level. The British Pound initially went higher reaching the 1.42 level after the MPC announcement but rolled over significantly to test the 1.41 region for support.
The British pound has initially rallied significantly during the trading session on Thursday, as the MPC announcement came out of London. We went as high as 1.42, but then pulled back rather drastically.
The U.S. dollar was higher against a basket of other currencies on Thursday but struggled for momentum as fears of a potential global trade war surfaced. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.20% to 89.46,as of 12:27 PM ET (16:27 GMT), above its overnight low of 89.04. U.S. President Donald Trump is expected to announce $60 billion on Thursday in tariffs on Chinese imports directed at its technology sector and aimed at curbing the theft of U.S. technology.
The Bank of England leaves interest rates unchanged at 0.5% on Thursday, but delivers a policy statement hawkish enough to build expectations for future rate increases. Brace for moves in May and November, ...
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.