The British pound broke above the 1.2700 barrier against the US dollar and traded around 1.2735 in Asian trading on Thursday, with the uptick bolstered by a weaker USD and encouraging news
The GBPUSD pair held below the 1.2700 mark during early Asian session on Wednesday, trading near 1.2695 and losing 0.08% on the day, with the downtick backed by the renewed US Dollar
The Euro-dollar currency pair recovered some of its intraday losses during the European session on Tuesday, but remains in negative territory, hovering around 1.0850. The US Dollar (USD) strengthened against the Euro
The Euro-Dollar aims to shift the trading range above the crucial resistance of 1.0850, with the major currency pair strengthening as the US Dollar remains on the back foot and hopes of
The Federal Reserve is likely to delay cutting interest rates until later this year, as the Fed’s preferred inflation gauge showed prices rose faster last month, said the CEO of a leading
By Mark Haefele The Federal Open Market Committee (FOMC) voted unanimously to keep rates unchanged on Wednesday in a target range of 5.25% to 5.5%. The pause was widely expected and marked
By Naeem Aslam Investors and traders are very much on the edge as the biggest event of the year will unfold, as the Federal Reserve will announce its monetary policy rate
By Craig Erlam It’s been a relatively slow start to trading on Wednesday which isn’t surprising considering what’s to come later in the day. On another day, earnings from Alphabet and Microsoft
By Craig Erlam Inflation, income and spending data for the US was released on Friday and broadly speaking the numbers were in line with expectations, with one outlier. Spending last month increased
By Moody’s Analytics Borrowing from the Federal Reserve’s emergency facility put in place after the failure of Silicon Valley Bank, the Bank Term Funding Programme, has risen sharply since late November. Just
