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Currency News - USD

US Dollar Struggles after IMF Cuts Growth Forecasts

Written by Arron Morris on Tuesday, July 25, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3050 Yesterday’s low: $1.2972 GBP/USD Recovers Ground Political developments continued to limit the appeal of the US Dollar on Monday, with markets increasingly sceptical of the Trump administration’s ability to deliver on its pledged reforms. A sharp contraction in existing home sales added to the bearish mood of USD exchange rates, even though…(read more)

US Dollar Struggling Ahead of Fed Rate Decision

Written by Arron Morris on Monday, July 24, 2017. Currency News - Sterling / USD

Last week’s high: $1.3119 Last week’s low: $1.2942 US Dollar Fluctuates, GBP/USD Flirts with $1.30 Last week’s broad-based Pound losses saw GBP/USD drift below $1.30. However, the Pound’s losses against the US Dollar were limited as the North American currency came under pressure of its own. Bets that President Donald Trump will struggle to implement…(read more)

GBP/USD Dips Below $1.30

Written by Arron Morris on Friday, July 21, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3033 Yesterday’s low: $1.2931 US Dollar Supported by Bank of Japan News Investors poured into the US Dollar on Thursday due to a more dovish than expected outlook from the Bank of Japan (BoJ). Japan’s central bank cut its inflation forecast for the nation and indicated it could further loosen monetary policy if…(read more)

GBP/USD Trades Tightly after Housing Data

Written by Arron Morris on Thursday, July 20, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3053 Yesterday’s low: $1.3009 US Dollar Supported by Improving Housing Market The US Dollar fluctuated against the Pound yesterday before ultimately ending the day little changed. This minimal movement was, in part, the result of the Pound stabilising after Tuesday’s slump. The main US reports showed that building permits and housing starts increased…(read more)

USD Slumps as Risk Appetite Heats Up

Written by Arron Morris on Wednesday, July 19, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3126 Yesterday’s low: $1.3003 Pressure from Australian Data Undermines US Dollar Demand On Tuesday the Reserve Bank of Australia (RBA) claimed that a healthy Australian economy needed interest rates to be around 3.5%. This saw demand for the higher-risk AUD ignite, leaving the safer and lower-yielding USD rather unappealing. The US Dollar was…(read more)

GBP/USD Falls Back from 10-Month High

Written by Arron Morris on Tuesday, July 18, 2017. Currency News - Foremost Currency News - Sterling / USD

Yesterday’s high: $1.3111 Yesterday’s low: $1.3048 US Dollar Recovers from Worst Levels While the US Dollar plummeted on Friday in reaction to poor US inflation figures, USD exchange rates spent the start of the week edging slightly higher. The US Dollar strengthened against the Pound (rising to £0.7663) and fluctuated against the Euro (briefly hitting…(read more)

GBP/USD Bounces to Multi-Month Highs on Soft US Inflation

Written by Arron Morris on Monday, July 17, 2017. Currency News - Sterling / USD

Last week’s high: $1.3110 Last week’s low: $1.2814 Fed Rate Hike Odds Dented by CPI Report After struggling for much of last week the GBP/USD exchange rate rocketed higher on Friday as the US inflation report reduced the odds of the Federal Reserve increasing interest rates for a third time in 2017. CPI came in…(read more)

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