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Tag Archives: Euro
Sterling Stabilises After Tuesday’s Strong Gains
Sterling stabilises after Tuesday’s strong gains, fueled by above-forecast U.K. purchasing-manager surveys, Bank of England signals that it isn’t in a rush to cut rates, and a weaker dollar. The currency’s performance reflects heightened market attention to central bank signals and economic data. The GBP/USD edged down 0.1% to 1.2436, while EUR/GBP remains steady atContinue Reading
Dollar Steadies Around Currency Movement and Economic Data
The dollar index, which tracks the U.S. currency against a basket of six major peers including the euro, sterling, and yen, held steady at 105.64 in early Asian trading, following a decrease of 0.4% overnight. This movement came after the dollar index reached its lowest point since April 12 at 105.23. This recent dip inContinue Reading
