Pound climbs as investors scale back rate-hike bets after crude plunge
Sterling gained as oil prices fell and traders cut bets on more Bank of England tightening, with net short positions dropping to $4.64 billion.
9 Articles
9 Articles
Pound climbs as investors scale back rate-hike bets after crude plunge
Sterling edged higher against the dollar on Monday as a sharp drop in oil prices eased worries about energy-driven inflation and tempered expectations for further Bank of England tightening ahead of this week's policy meeting.
US Dollar: Policy Uncertainty Continues To Support USD Strength, BNY Reports
BitcoinWorld US Dollar: Policy Uncertainty Continues to Support USD Strength, BNY Reports Ongoing policy uncertainty in the United States is providing continued support for the US dollar, according to a recent analysis from BNY. The financial institution’s currency strategists note that a lack of clarity on key fiscal and trade policies is driving safe-haven demand for the greenback, even as other major currencies face headwinds. Policy Uncerta…
The futures of the crude Brent LCOc1 dropped US$7.55, or about 7.8%, to US$89.23 the barri, while those of the WIT dropped 6,73%
EUR/USD, GBP/USD, and USD/JPY Forecasts – Dollar Fights Back as Yields Drop
USD/JPY trades at 163.632, extending its climb above 163 and both moving averages. Source: TradingViewThe US dollar has gapped lower to kick off the trading session on Monday against the Japanese yen, but turned around to show signs of strength again as despite the fact that rates are falling in America; the interest rate differential between these two currencies is still very wide, so that boosts the carry trade. We’ve broken above massive swin…
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