Daily News: the strong USD stops other currencies
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
Forex News
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British currency reaches 10-month minimum on dismal British inflation data
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
British inflation edges up 2.4%
In June, inflation in Great Britain tacked on at a slower than anticipated tempo, thus contributing to the major bank’s dilemma as it considers whether to have interest rates lifted next month or not…
Asian equities edge up on Powell’s remark
On Wednesday, Asian stocks managed to rally due to the fact that Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his congressional testimony…
Daily News: the USD up, other currencies down
The US dollar index managed to break the psychological level at $95.
Gold declines on Fed remarks
On Wednesday, gold headed south and kept to a one-year minimum due to the fact the evergreen buck managed to strengthen on Fed Chair’s remarks, which backed views that the US major financial institution considers lifting its interest rates this year…
Greenback ascends on Powell’s assessment of American economy
On Wednesday, the evergreen buck managed to jump because Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his Tuesday’s semi-annual congressional testimony…
Gold goes down on strengthening greenback
On Tuesday, gold headed south to a year minimum, suppressed by a soar in the US dollar because Fed Chair Jay Powell told that gradual rate lifts would continue…
American industrial output tacks on in June
In June, American industrial output ascended, underpinned by a steep rebound in manufacturing as well as further revenues in mining output…
European equities head south
On Tuesday, European equities went down, having a second straight loss because telecom stocks were pressured, while market participants stepped back from risk ahead of testimony having to do with monetary policy from Fed Chair Jerome Powell…
British pay surge speeds down to six-month minimum notwithstanding record employment
UK employees’ pay surge has speeded down to its weakest value for six months notwithstanding record employment, thus contributing to the BoE’s conundrum because Britain’s major financial institution considers whether to have interest rates lifted for…
Greenback dives ahead of Fed testimony
On Tuesday, the evergreen buck declined ahead of congressional testimony by Fed Chair Jerome Powell that market participants are going to scrutinize for signs on the tempo of American interest rate lifts as well as risks coming from trade clashes…
