"The time has come for policy to adjust," said Federal Reserve Chair Jerome Powell, in a clear sign U.S. interest rates are about to fall.
Dollar Primed for a Brief Comeback
- Category: USD
The Dollar (USD) could make a comeback in the wake of a key speech by the Chair of the Federal Reserve, which forms today's marquee event for financial markets.
Pound to Dollar Rate Tests 1.31
- Category: USD
A deflating U.S. Dollar and a strong UK economic survey have combined to propel the Pound to Dollar exchange rate above 1.31.
Pound Hits New 2024 High, GBP/USD Clears Key Hurdle Following Major U.S. Jobs Revision
- Category: USD
The British Pound powered to a new 2024 high against the U.S. Dollar after data showed the U.S. labour market was weaker than previously expected, which will push the Federal Reserve into action.