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Sterling steady in thin August trading

Friday,   14-Aug-2020   02:33 (IST)

The pound was steady on Friday as thin August trading kept investors on the sidelines. Sterling was last flat at $1.3067 and at 90.35 pence against the euro. It has risen nearly 7% in the last three months against the U.S. dollar, almost exclusively on the back of the greenback weakening.Borrowing costs in Europe have tracked U.S. Treasuries this week, which have been driven to new highs by a deluge of debt issuance in the United States. Next week, Britain releases inflation data on Wednesday and retail sales on Friday, with both expected to be lower. Marshall Gittler, head of investment resea...

Dollar heads for longest weekly losing streak in a decade

Friday,   14-Aug-2020   02:14 (IST)

The dollar steadied on Friday as a spike in U.S. bond yields and a drag on risk sentiment from lacklustre Chinese economic data slowed a selldown of the U.S. currency, which was headed for its longest...

Dollar Weakens; Lack of Stimulus Continues to Weigh

Friday,   14-Aug-2020   12:39 (IST)

The dollar edged lower in early European trade Friday, with attention still focused upon the lack of a new relief package to help the U.S. economy recover from the damage caused by the coronavirus out...

Dollar drifts higher as coronavirus, China data sap confidence

Friday,   14-Aug-2020   08:56 (IST)

The dollar drifted higher on Friday, helped by strong U.S. jobs data as well as firmer global demand for safe-havens amid concerns about the coronavirus recovery, setting the currency up to potentiall...

Sterling strengthens due to weaker dollar, shrugging off GDP slump

Thursday,   13-Aug-2020   02:14 (IST)

Sterling rose against the dollar on Thursday, driven by dollar weakness as traders shrugged off Wednesday’s dismal GDP data but remained cautious about the longer-term economic outlook for Brita...

Dollar Weakens as Politicians Squabble and Inflation Rises

Thursday,   13-Aug-2020   12:47 (IST)

The dollar weakened in early European trade Thursday, amid fading hopes for additional economic stimulus while inflation figures surprised to the upside. At 3 AM ET (0700 GMT), the Dollar Index, which...

Dollar Retreats as Congressional Bickering Over Stimulus Package Continues

Thursday,   13-Aug-2020   08:42 (IST)

The dollar was down on Thursday morning in Asia, reversing its gains from the day before over the U.S. Congress’ inability to reach a consensus for the country’s latest COVID-19 stimulus p...

U.S. stimulus impasse takes steam out of dollar rebound

Wednesday,   12-Aug-2020   02:41 (IST)

The dollar struggled to hold recent gains on Wednesday as political wrangling over a stimulus package for the U.S. economy halted its recent rebound. Investors are watching for any signs that a politi...

Sterling holds above $1.30 as dollar weakness outweighs GDP slump

Wednesday,   12-Aug-2020   02:28 (IST)

Sterling held above $1.30 on Wednesday, clinging on to recent gains on the back of dollar weakness, which outweighed the impact of a record drop in Britain’s economic output. The economy shrank ...

Dollar Gains as Yields Rise; Sterling Calm After GDP release

Wednesday,   12-Aug-2020   01:29 (IST)

The dollar traded higher in early European trade Wednesday, helped by a jump in U.S. yields ahead of a massive bond auction and amid hopes that the coronavirus outbreak is coming under control. At 3:1...