Fed Chairman Powell’s implication that Fed tightening in 2022 will exceed market expectations lit a flame under the dollar, which overnight rose 1.2% on a weighted basis to its best level since June 28, 2020. The dollar climbed 0.7% against the euro and Swiss franc, 0.5% relative to the yen, kiwi and sterling, and 0.4% […]
* This article was originally published here
Monday, January 31, 2022
Sunday, January 30, 2022
Saturday, January 29, 2022
Equities and Dollar Up Ahead of FOMC Announcement
Share prices so far today have climbed 1.8% or more in Germany, France, Spain, Italy and Great Britain. Futures trading in the S&P 500, DJIA, and Nasdaq show overnight gains of 1.0 – 1.8%. Equities in Asia closed narrowly mixed with drops of 0.4% in Japan and South Korea but gains of 0.7% in China […]
* This article was originally published here
* This article was originally published here
Friday, January 28, 2022
Pound US Dollar Exchange Rate News: GBP/USD Drops on Hawkish Fed Outlook
GBP/USD Stumbles amid Hawkish Fed Comments
The Pound US (GBP/USD) exchange rate is facing headwinds this morning following hawkish comments from the Federal Reserve following its first interest rate decision of the year.
At the time of writing, the GBP/USD exchange rate is trading at approximately $1.3428, down...
* This article was originally published here
* This article was originally published here
Thursday, January 27, 2022
Pound Canadian Dollar Exchange Rate Subdued amid easing of UK Covid Measures & High Oil Prices
Pound Canadian Dollar (GBP/CAD) Exchange Rate Muted as Both Currencies...
* This article was originally published here
* This article was originally published here
Wednesday, January 26, 2022
Tuesday, January 25, 2022
Pound Euro Exchange Rate News: GBP/EUR Rangebound amid Lower-Than-Forecast German Production Figures
GBP/EUR Mixed as German Industrial Productions Prints Below Market Forecast
The Pound Euro (GBP/EUR) exchange rate is trading flat in the beginning of today’s session in response to Germany’s disappointing industrial production data for November.
At the time of writing, the GBP/EUR exchange rate is trading at...
* This article was originally published here
* This article was originally published here
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