The US dollar strengthened on Thursday as escalating geopolitical tensions in the Middle East boosted its safe-haven appeal. Meanwhile, the British pound fell after the Bank of England cut interest rates from a 16-year high. …
Continue readingTag: dollar
Dollar Rises on Safe-Haven Demand, Sterling Drops on Weak Retail Sales
The US dollar rose against a basket of currencies on Friday, driven by its safe-haven appeal amidst global uncertainties. The greenback benefited from concerns about worsening US-China relations, uncertainty surrounding the US presidential race, and …
Continue readingEuro Slides as ECB Keeps Rates Steady, Dollar Gains on Strong US Data
The euro weakened against the dollar on Thursday after the European Central Bank (ECB) held interest rates steady, as widely expected. The ECB provided no clear guidance on future rate changes, leaving the market to …
Continue readingYen Surges on Intervention Suspicions, Sterling Hits One-Year High Against Dollar
The Japanese yen surged against the US dollar on Wednesday, sparking speculation that Japanese officials intervened to support the currency. The yen has seen several sharp rallies in recent days, recovering from a 38-year low …
Continue reading