The Greenback faced the resurgence of the selling pressure, receding from the area of three-week highs amid mixed developments in US yields, steady tariff fears…
The DXY trades near the 104.40 zone after fading earlier tariff-fueled gains on Thursday. Traders weigh upbeat GDP data and auto tariff news against limited…
US’ GDP grew at an annual rate of 2.4% in the fourth quarter of 2024. The US Dollar Index stays in negative territory above 104.50.…
Markets are digesting surprise auto tariffs from US President Donald Trump. Traders and the Fed mull over the impact of additional tariffs being issued by…
GBP/USD appreciates as the US Dollar loses ground amid lower yields. Traders await weekly Initial Jobless Claims and Q4 Gross Domestic Product Annualized data from…
The UK’s Office for Budget Responsibility (OBR) said on Wednesday that the UK’s long-term fiscal outlook remains very challenging amid the uncertainty surrounding the full…
China’s macroeconomic data turned out brighter than expected in Jan-Feb with industrial production, retail sales and urban fixed assets investment (FAI) above Bloomberg’s consensus forecasts.…
GBP/USD shrugs as UK GDP unexpectedly declines The British pound has edged lower against the US dollar on Friday. GBP/USD is trading at 1.2928 in…
GBP/USD drifts lower to near 1.2925 in Friday’s early European session. The UK GDP declined 0.1% MoM in January, weaker than expected. Traders raise their bets…
EUR/GBP could find primary resistance around the psychological level of 0.8400. The currency cross is testing nine-day EMA support, suggesting a potential weakening of short-term…