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The pound is recording gains versus the dollar
FOREX The pound is recording gains versus the dollar and the euro during early Wednesday trading. Carrying the momentum initiated yesterday, sterling is defying the low expectations set by a shaky start to the year by gaining almost 1% to the single currency and 1.5% to the dollar over the last 24 hours. An ambitious,[…]
Oil is continuing its recovery
FOREX The US dollar is taking a break after several days of gains, with the index that measures the performance of the greenback versus a basket of other currencies almost flat during early Tuesday trading. The turbulence registered in Washington last week ended up creating a political atmosphere that is likely to allow the Biden[…]
The dollar is gaining ground to other major currencies
FOREX The dollar is gaining ground to other major currencies during early Monday trading, as the risk-on sentiment that has dominated the markets recently appears to be receding. To a large extent, the greenback’s losses over the last few months are a reflection of investors’ faith in the continuation of the Fed’s dovish monetary policies[…]