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Foreign Exchange Analysis Headlines

Sterling gains as risk sentiment improves

Demand for riskier assets on Tuesday kept sterling close to the two-month high it reached the day before, with investors also hoping this week's Brexit talks will result in a deal.

Dollar bounces on strong data, index hits technical support

The dollar bounced off an almost three-month low against a basket of currencies on Monday as data showed that U.S. business activity expanded at the fastest rate in more than five years in November, and after the index hit strong technical support.

Dollar gains in tug-of-war between vaccine, rising virus cases

The dollar on Friday rose against major currencies such as the euro and yen, with traders consolidating positions amid competing forces that pull the currency in different directions: the surge in virus cases, on the one hand, and positive vaccine news, on the other.

U.S. dollar weakens for fifth day on vaccine optimism

The dollar slipped for a fifth straight session on Wednesday, sliding to a more than one-week low, as positive vaccine news offset the surge in coronavirus cases and tighter economic restrictions across the United States and Europe.

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