The dollar gained for the fourth day in a row and traded at a more than eight-week high on Wednesday, as U.S. equities fell and investors questioned the pace of the global economic recovery on rising coronavirus cases and weak economic data in Europe while investors grappled...
Sterling had a turnaround of fortunes towards the end of the European session on Wednesday, rising as much as 0.6% against a weaker euro, with investors seeing some room for cautious optimism over the impending Brexit deadline.
The dollar was steady against a basket of currencies on Tuesday as traders looked out to the first U.S. presidential debate and developments on the U.S. stimulus bill.
The dollar retreated from a two-month high against a basket of currencies on Monday as equities rallied after four straight weeks of declines ahead of a busy week of economic data and political developments in the United States.
Asian markets look set to rise on Tuesday, building on newfound momentum after bargain hunters helped a recovery in U.S. markets after last week's selloff.
The dollar rose to an eight-week high on Tuesday, after a top Federal Reserve official struck a hawkish tone by mentioning the prospect of raising interest rates, further entrenching investors who were already in a risk-off mood.
Sterling hovered near two-month lows after gyrating in volatile trading on Tuesday as British Prime Minister Boris Johnson unveiled long-lasting restrictions to tackle a second wave of the coronavirus.
The U.S. dollar index soared to an almost six-week high on Monday and riskier currencies fell as investors sought safety and global stock markets tumbled on fears about rising COVID-19 cases and uncertainty surrounding November's U.S. elections.
Sterling touched a one-week low on Monday as headwinds in the banking sector dented investors' risk appetite, while rising COVID-19 cases prompted Britain to consider a second national lockdown.
The U.S. dollar lost ground to the Japan's yen for the fifth straight day and the yen was at a seven-week high against the greenback on Friday as investors sought safety amid concerns about a resurgence in coronavirus cases in Europe and a lack of progress in U.S. fiscal...
Sterling edged lower on Friday as rising COVID-19 cases and the Bank of England signalling it is examining negative interest rates kept the currency under pressure.
The safe-haven yen rose to a seven-week high against the dollar on Thursday amid a batch of generally weak U.S. data and overall uncertainty about the economic outlook, backing the Federal Reserve's concern on Wednesday about the pace of recovery.
The pound fell sharply on Thursday after the Bank of England said it had briefed monetary policymakers on how a negative interest rate could be brought in, before recovering most of the lost ground in later trading.
Sterling lost 0.6%, or around one cent, versus the dollar after the Bank of England said that it had been briefed on how a negative interest rate could be implemented effectively, should it be needed.
The U.S. dollar gained on Wednesday in choppy trading after the Federal Reserve kept interest rates pinned near zero and said it expects the U.S. economic recovery from the coronavirus crisis to accelerate with unemployment falling faster than the central bank expected in...
A deepening dollar sell-off propped up the British pound on Wednesday, putting it on track for its biggest daily rise in 2-1/2 weeks before a UK central bank meeting on Thursday where policymakers may give a downbeat assessment of the economy.
The dollar dropped to a two-week low against the yen on Tuesday on expectations the Federal Reserve will maintain its downbeat stance on the U.S. economy as it grapples with the COVID-19 pandemic, and keep U.S. interest rates near zero for some time.
Sterling rose after better-than-expected jobs data on Tuesday and British Prime Minister Boris Johnson faced opposition within his party to proposed legislation that would breach the Brexit treaty.
The British pound held firm near recent 1-1/2 month low in late U.S. trade after the UK government won an initial Parliamentary vote on its controversial bill to violate the Brexit deal with the European Union.
The dollar slipped on Monday against its major peers, dropping to a two-week low versus the yen, as positive news about a COVID-19 vaccine and a wave of merger and acquisition deals lifted the mood in global equity markets.
The pound rose against the euro and a broadly weaker U.S. dollar on Monday, boosted by improved risk appetite in global markets, while investors waited for UK lawmakers to vote on a bill which the European Union has told London to scrap.
The euro rose for a third straight session against the dollar on Friday, with investors encouraged to push it higher after the European Central Bank showed no sign of stemming the single currency's appreciation.
Fears that Britain will end its post-Brexit transition period without agreeing any trading arrangements sent the pound to 5-1/2-month lows on Friday, overshadowing data showing the economy recovering and news of a new trade deal with Japan.
The euro rose to a one-week high against the dollar on Thursday, after European Central Bank President Christine Lagarde said that while the ECB is watching the exchange rate, it is not a monetary policy tool.