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The pound continues to lose ground
FOREX The pound continues to lose ground on the other major currencies during early Tuesday trading, following yesterday’s sharp decline which was the biggest versus the euro and the dollar since April. Investors are concerned by the escalation in the number of new cases in the UK attributed to the Delta variant, which is happening[…]
The dollar is trading flat during the early part of Thursday
FOREX The dollar is trading flat during the early part of Thursday’s session, following the losses of Wednesday that followed the testimony of Jerome Powell to the US Congress. Speaking in front of lawmakers, the chairman of the Federal Reserve reiterated his conviction that inflationary pressures are only temporary, despite the 5.4% spike in[…]
The dollar is edging lower during early Wednesday trading
FOREX The dollar is edging lower during early Wednesday trading, cancelling some of the previous session gains. On Tuesday, the Dollar Index gained more than 0.5 following the publication of US inflation numbers that surprised to the upside, with the year on year reading reaching 5.4%. It was the highest jump in inflation since 2008,[…]