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
Tag: XAG/USD
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
FX Commentary – US Dollar Nursed Losses Ahead Of US Inflation Data
Market Talk
– The U.S. dollar nursed losses on Tuesday ahead of U.S. inflation data that could show some signs of softening.… Read More
FX Commentary – The Greenback Stayed Near 2-Week Low Ahead Of U.S. Inflation Report.
Market Talk
– The US dollar weakened and stayed not far from a two-week low ahead of key U.S.… Read More
FX Commentary – Euro Rallied After ECB Hiked Rate By 75 Basis Point.
Market Talk
– The U.S. dollar took a breather from its surging rally on Friday as markets digested yet more hawkish Fed speak, while the euro hung on to parity, helped by an outsized rate hike from the European Central Bank.… Read More