The dollar has fallen against the pound and the euro as disappointing data releases overshadow the gains from the Federal Reserve’s latest interest rate decision. Later today, Federal Reserve Chair Jerome Powell will speak.
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The dollar is stronger against a basket of currencies this morning as the markets digested news from the Federal Reserve’s monetary policy meeting, which concluded yesterday evening.
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Two ECB officials are due to speak this morning. Tomorrow, inflation data for May will be released for the eurozone.
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After weakening against the euro and the dollar over Tuesday and Wednesday, the pound has made some attempt at recovery overnight and this morning.
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After weakening to multi-year lows against the euro and the dollar earlier this week, the pound has started to recover overnight and this morning. This comes ahead of the Bank of England’s latest monetary policy meeting and interest…
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After climbing against a basket of currencies on Tuesday, the dollar has settled at a strong level today ahead of the conclusion of the Federal Reserve’s meeting.
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The single currency was given a boost after the European Central Bank announced that it would hold an emergency meeting to discuss current market conditions.
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The pound weakened to multi-year lows yesterday against both the euro and the dollar. This was due to a mixture of factors.
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