The US Dollar Strengthens Early Friday Ahead of Powell, Industrial Production, and the Holiday Weekend Early Friday, the US dollar was stronger against its major trading partners ahead of a speech by Federal Reserve Chairman Jerome Powell, the release of…
Continue ReadingGBP/USD pares intraday gains to two-week highs, rising slightly around 1.3625-30. The British pound gained some ground on Monday after the Bank of England signaled an impending rate hike. The upside is still limited due to the underlying optimistic…
Continue ReadingMarkets: NZD leads, JPY lags on the day European equities higher; S&P 500 futures up 0.5% US 10-year yields up 1.7 bps to 1.498% Gold down 0.8% to $1,756.43 WTI up 1.0% to $78.40 Bitcoin up 2.0% to $49,950 European…
Continue ReadingAs the NA session begins, the GBP is the strongest currency, while the USD is the weakest. It's the first day of a new month, but it's a Friday. It's a new month, so goodbye. Hello, September/hello, October - but…
Continue ReadingThe U.S. dollar steadied below a 2-1/2-week high that was hit in the previous session, as investors braced for inflation data that might offer clues on the timing of policy tightening by the Federal Reserve at a meeting next week.…
Continue Reading
