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Dollar Declines On Profit Taking And Focus On Interest Rates

On Friday, there was a decline in the US dollar as investors were evaluating the magnitude of the interest rate hike from the Federal Reserve in its meeting later this month. Moreover, Thursday saw the greenback climb to two-decade highs after a strong rally, thereby prompting investors to take some profits. Interest rate impact There … Read more

Sterling Climbs Against Weakening Dollar But Rally Capped

On Monday, the British pound climbed against a weakening dollar as markets pulled back some of their bets about the aggressive interest rate hikes from the US Federal Reserve. However, the rally in sterling was capped by persistent fears of an economic recession in Britain and the ongoing political turmoil. Sterling movements On Thursday, the … Read more