Dollar Relief After Trump Relents
- Category: USD
A definite softening in the U.S. administration's position is detected.
Sell Dollars says Soc Gen's Juckes
- Category: USD
"A significant dollar fall" is on the cards, says veteran FX analyst.
The Pound to Dollar exchange rate climbed to new six-month highs to open the new week and could be set to rise further, although there is now a significant technical resistance level looming almost immediately overhead of the market, which could temper the rally somewhat in the days ahead.
The US Dollar recovered off its intraday lows against many of its most traded counterparts on Tuesday amid an apparent effort by authorities in Beijing to enforce its minimum floors in numerous Chinese Renminbi pairs.