The US dollar advanced on its rival currencies in yesterday’s session, beating back post-Christmas gains for the pound and the euro.
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The US dollar mounted a fightback on Thursday against recent advances from the pound and the euro. GBP/USD ended yesterday’s session 0.5% down, while EUR/USD sank by around four-tenths of a per cent after a strong showing after…
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The pound lost over half a cent against the US dollar yesterday but regained most of its strength in this morning's Asian session.
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The pound gained 0.8% against the US dollar yesterday, reaching levels not seen since August 2023 amid general dollar weakness and a lack of positive economic data.
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The US dollar lost 0.8% and 0.5% against the pound and euro, respectively, in Wednesday’s session. All eyes rest on the initial jobless claims figures which investors hope will boost the dollar.
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There is little data expected for the euro area this week, so its movement is likely to depend on US and UK data releases.
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Yesterday, the pound soared to a 19-week high against the US dollar and is currently over 6% higher from its 2023 low in March.
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While the UK markets may have been closed for the past two days, some of the world has carried on as usual and the pound has been moving, gaining around a quarter of a percent on the US…
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