GBP/USD has reversed directions on Thursday, giving up most of the gains from a day earlier. In the North American, session, GBP/USD is trading at 1.3132, down 0.41% on the day.
In the US, headline CPI continued to accelerate, with a gain of 7.9% for February YoY. This matched the forecast and was up from 7.5% beforehand. With inflation running close to 8%, a...
The British pound is in positive territory, as the US dollar has retreated against the major currencies for the first time in five days. GBP/USD is trading at 1.3169 in the North American session, up 0.52% on the day.
The US dollar has had its way with the pound in recent sessions, but GBP/USD has reversed directions today. We are seeing a buy-the-dip move,...
The Japanese yen is unchanged on Tuesday, after starting the week with losses. With USD/JPY currently trading around the 114.80 level, it appears that the 115 line will be breached, perhaps as early as this week. The pair last breached this psychologically-important level a month ago, but was unable to consolidate above this line.
Inflation has been at the top...
The Japanese yen continues to drift. Currently, USD/JPY is trading at 107.20, down 0.13% on the day.
It was a quiet week for the yen, which recorded small losses after three weekly gains. The yen has enjoyed an excellent month of April, rising 2.6% against a struggling US dollar. Last week, the yen touched a low of 107.47, its lowest level since March 4th.
The...
The Australian dollar has started the week with a whimper. Currently, AUD/USD is currently trading at 0.7620.
Australia releases the NAB Business Confidence early on Tuesday (1:30 GMT). Business confidence continues to show stronger optimism, rising to 16 in February, up from 10 beforehand. The Australian economy has recovered remarkably well from the Covid-19...
