US Dollar:
The Greenback rose for the ninth straight day against the Pound yesterday after weak economic news from the U.K saw the dollar strengthen by 1.4cents in heavy trading. Yesterday’s low of $1.5261 was the lowest level since May 2009. Much of the Dollar movements have been driven by news surrounding the Pound and the
US Dollar:
This week so far has seen the dollar trading blows with the Euro and Sterling as a constant flow of news changes the sentiment regarding the Euro, Dollar and Sterling. Yesterday saw the Dollar soften as comments by Federal Reserve Chairman Ben Bernanke outlined that interest rates will remain low for the time being
US Dollar:
After poor news from the BoE, the Dollar surged against the pound, at one point the Dollar was up 0.59% on the day. However, much of these gains were erased and by the close of play the Dollar was only marginally up on the pound.
This morning sees the Dollar down on the pound as
Pound:
Sterling is now trading down against the USD but has lost out against the Euro after initially breaking 1.14 in early morning trading. The state of public sector finances is continuing to be a hot topic (as it has been for a long time) for the UK and was made worse by last week’s official
Pound:
Sterling is continuing to trade lower against the Euro and USD as we saw on Friday afternoon, after poor UK sales data. The market remains concerned over the health of public sector finances in the UK and the political situation after the general election in June. An article in the Telegraph (yes that paper again)
US Dollar:
The Dollar reached a nine month high against Euro as the Federal Reserve raised the discount rate charged to banks for direct loans for first time in 3 yrs. The dollar rose to $1.3466 per euro as of 6:40 a.m. in London from $1.3527 yesterday in New York, after climbing to $1.3444. These actions
US Dollar:
After a recent fall against the Euro, the dollar has regained its strength following renewed confidence surrounding the levels of recovery being experienced in the US economy. By way of comparison against the Euro, the divergence between the two currencies (USD/EUR) in terms of economic growth has seen the Euro fall against the dollar
US Dollar:
Dollar/Sterling was mostly flat in trading yesterday as risk appetite by investors was evened out by lingering economic concerns surrounding Sterling. The rise in the dollar was reversed in Tuesday’s trading session, with the rally in the Euro against the Dollar continuing through Wednesday as market sentiment swung in favour of renewed confidence in
The close of play has seen some very interesting developments in the FX markets. The euro has rallied tremendously against the dollar up 1.22%, against Sterling up 0.45% and against the yen up 1.67%. This rally was put into motion yesterday morning as investors reviewed their positions, with the general consensus being that the previous
Read More.......Pound:
Sterling has started the day down by nearly 0.25% against the Euro whilst trading up by a similar percentage vs the USD. A recent article in the telegraph has warned that UK house prices could slump again because of a second mortgage credit crunch. This squeeze according to the article will begin to be