US dollar weaker ahead of Fed decision
Story link: US dollar weaker ahead of Fed decision
The US dollar was weaker against both the euro and sterling again on Wednesday as investors waited to see what the Federal Reserve would do about interest rates.
The greenback also lost ground to the Canadian and Australian dollars as the vast majority of economists in one survey expected the Fed to cut rates again, with […]
Sterling gains on interest rate sentiment
Story link: Sterling gains on interest rate sentiment
Sterling was higher on Tuesday as sentiment expects the Bank of England to keep interest rates in the UK on hold when it meets on November 8 and the US Federal Reserve to cut rates when it announces its new decision on Wednesday.
Recent data showed that the UK economy expanded at a faster rate than […]
US dollar drops on session
Story link: US dollar drops on session
The US dollar was lower against many major currencies on Monday.
The euro was trading at $1.4200 versus the greenback in late New York trade, while the pound was at $2.0424 against the dollar and the yen was at ¥117.21 in relation to the US currency.
The UK currency was helped by new data from real-estate website […]
US dollar higher on IMF remarks
Story link: US dollar higher on IMF remarks
The US dollar gained ground on Monday after comments from Rodrigo Rato, the head of the International Monetary Fund said that the dollar is undervalued.
In addition, analysts at UBS (NYSE: UBS; SWX: USBN; TYO: 8657) said that concern over the dollar would be on the agenda at the next Group of Seven meeting.
Even so, many […]
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