The impact of the Federal Reserve’s dovish hike (see 5 dollar downers) continues to hurt the US dollar, especially against the majors. More specifically for USD/JPY, often a bellwether for the wider US dollar trend, the risk-off sentiment has its impact as well. The S&P 500 is extending its losses, which exceed 1% at the [...]
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Nearly a week after that “dovish hike” from the Federal Reserve, the US dollar continues reeling. That decision had five dollar downers which continue echoing. But looking more in detail, the greenback is suffering against some currencies more than against others. Here are quick updates. EUR/USD: The world’s most popular currency pair is settling above [...]
The post USD beaten by majors – update on three pairs appeared first on Forex Crunch.
Higher than expected inflation in the UK. Month over month CPI rises by 0.7%, pushing the year over year CPI to 2.3%. GBP extends its gains. The UK was expected to report a rise of 0.5% m/m and an acceleration of the y/y price rise to 2.1% in February from 1.8% in January. Core CPI carried projections [...]
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