Market Talk
– Sterling fell on Thursday and the U.S. dollar was clawing back a recent dip as relief at the Bank of England’s intervention in bond markets faded in the face of nagging doubts about Britain’s economic management and the outlook for global growth.… Read More
Tag: USD/JPY
FX Commentary – US Dollar Boosted By Talks of More Rate Hikes
Market Talk
– The British pound languished near a record low on Wednesday on lingering concerns over Britain’s radical tax cuts to spur growth, while the U.S.… Read More
FX Commentary – Sterling Recovered After Bank of England’s Comment.
Market Talk
– The British pound dropped to an all-time low against the dollar on Monday as investors worried Britain’s new economic plan will hurt the country’s finances, while the Bank of England said it was watching financial markets “very closely” following sharp moves in asset prices.… Read More
FX Commentary – Sterling Plunged On Huge Government Borrowing
Market Talk
– Sterling tumbled as much as 4.9% to a record trough of 1.0327 before stabilizing around $1.0540, 2.9% below the previous session’s close on Monday as traders scampered for the exits on speculation the new government’s economic plan will stretch Britain’s finances to the limit.… Read More
Japan top currency diplomat says that they have intervened in the FX market
This is the first time that the Japanese government and BOJ have stepped into the market to buy up the yen against the dollar since June 1998.… Read More