The British pound reached a six-week low against the dollar on the September 8 forex trading day. The dollar was backed by risk aversion as investors were worried about investing in currencies experiencing slow recovery. The pound is one such currency, falling into a bearish trend that may continue for days to come, because of [...]
Due to the response to the FOMC Meeting Minutes, the USD was able to go up against most forex trading majors. During the FOMC meeting, the members shared different opinions regarding the reinvestment of FED’s profits back into treasuries. In the meeting, the members expressed that doing so might send a bad message to the [...]
At the end of the week, the dollar ceased to push through with its rally against the major currencies. On August 13 forex trading day, the dollar posted some mixed results versus some of the major currencies. There are disappointing economic data that came out that day like the Import Price Index, which fell to [...]
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