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UK News Finally there is some signs up good news for the pound as Theresa May looks as if she is going to be the new Prime Minister in the UK. With this said, the pound has rallied acorss the board over night against both the euro and the US Dollar. Today’s releases come with …
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US News Signs of support for safe-havens continued last night, including things like Japanese Yen and Gold. Initial Jobless Claims are scheduled for this afternoon, this will give us a rough idea of what to expect in tomorrow’s more significant non-farm payrolls. UK News UK Industrial and Manufacturing production are both set to decline in …
Pound up against multiple currencies US Dollar Exchange Rates Later this afternoon the only data out from the USA is a Markit Manufacturing PMI report for November. Last Thursday and Friday were both quiet days for the markets with Thanks Giving and Black Friday taking centre stage! Pounds to Euros U.K. manufacturing growth unexpectedly accelerated …
Good morning, The US Dollar exchange rates dropped to a three week low against multiple currencies as investors pushed back bets for when the Fed Reserve will increase interest rates. Yesterdays minutes highlighted growing concerns among policy makers who say further gains in the dollar could hurt exports and damp inflation, which has undershot the Fed’s …
Good Morning The US Dollar exchange rates did very little yesterday after hitting a low of 1.3190 breaching the 1.3200 level. We aren’t expecting much movement today in the dollar as the news from the Euro area is expected to dominate the headlines. The GBP exchange rate is again a little firmer against the euro …
US Dollar exchange rate The US dollar has started this month strongly and the FOMC minutes supported this notion. Comments from the FOMC support the idea that the US will have to hike interest rates shortly – but in the current climate shortly can be a while! Whilst news supports the idea that Europe is …
Continue reading “Forex Traders Buying Euros – but for how long”
US Dollar set for its biggest weekly advance in two months versus all major currencies after it was announced borrowing costs could start to rise. US Dollar Exchange Rate The US dollar goes from strength to strength following Wednesday evenings Fed announcement. The dollar reached a two month high against the euro and has gained …
Pound slightly higher following yesterday’s Budget on UK Growth but US Dollar was the big mover on a day that promised so much more for the pound. Good morning, The pound, the best performing currency in the past year, strengthened after the Bank of England said further gains are possible as Britain’s economy expands amid …
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Bank of England talks up the pound exchange rate Though the FOMC decision has received the bulk of the global foreign exchange markets yesterday, but the UK was brimming with event risk and news of its own. February’s labour data kicked off the day. The 34,600 filing drop in jobless claims was much larger than …
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TYhe FOMC meeting last night was a great success for the US Dollar exchange rate and horrible for everything else! The US dollar rate rallied the most in six months after Yellen suggested that the US will taper the asset buying program and that interest rates will have to rise in the coming months. “sufficient …