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  • H.S. Borji

    The US dollar index rebounded Friday amid weak German producer inflation data and remarks from Bank of Japan Governor Haruhiko Kuroda that Japan was only halfway to reaching its 2 percent inflation target. The US dollar index, a broad performance gauge of the greenback’s strength versus six commonly traded peers, advanced 0.17 percent to 80.46.

  • The British pound advanced against its US counterpart Wednesday, hitting an intraday high of 1.6993 after the minutes of the June 4-5 Bank of England meetings showed policymakers were moving closer to a rate hike. The GBPUSD traded within a range of 1.6932-1.6993. The pair consolidated at 1.6954 in the North American session, down 0.04

  • Forex » US Dollar Paces toward Weekly Gain
    June 13, 2014, 23:17 GMT

    The US dollar advanced against a basket of currencies Friday as escalating conflict in Iraq underpinned demand for the global safe haven. The US dollar index, a broad performance measure of the greenback’s performance against six major currencies, appreciated 0.15 percent to 80.70. The index is on pace for a weekly gain of more than

  • The British pound advanced against its US counterpart Friday and is approaching the key 1.70 level after three consecutive days of gains. The GBPUSD advanced 0.24 percent to 1.6964 in the late North American session. The pair reached an intraday high of 1.6991 as the bulls looked to topple 1.70. The trend line shows initial

  • The British pound has witnessed a gradual decline against its US counterpart in recent weeks, but the outlook remains positive as the UK economy continues to accelerate at a strong pace. The GBPUSD traded within a range of 1.6784-16832. The pair consolidated at 1.6795, declining 0.0.7 percent. The trend line shows initial support at 1.6773

  • Forex » US Dollar Advances in Low Volume Trade
    June 9, 2014, 15:18 GMT

    The US dollar advanced against a basket of currencies Monday, as strong nonfarm payrolls continued to bolster risk appetite, while the euro weakened due to widening yield differentials. The US dollar index, a weighted average of the greenback’s performance against six major currencies, increased 0.31 percent to 80.66. The index weighs the US dollar’s performance

  • The British pound is on pace to advance 0.3 percent against its US counterpart this week, with latest testimony from the Bank of England suggesting the economy may warrant a change in policy sooner rather than later. Next week will provide a key test for the GBP/USD, which was on its heels Friday amid weaker

  • Forex » GBP/USD looks for a breakout
    May 20, 2014, 17:13 GMT

    The GBPUSD edged higher Tuesday, as a marked improvement in UK consumer inflation heightened expectations for a rate hike courtesy of the Bank of England. Consumer prices in the UK rose 0.4 percent in April, double the previous month’s rate, the Office for National Statistics reported today. Year-on-year, consumer prices rose 1.8 percent, up from

  • The US dollar index rebounded sharply Friday after hitting a multi-month low, as investors reevaluated their positions amid global developments. The dollar index, a weighted average of the greenback’s performance against six major currencies, advanced 0.65 percent to 79.88. The markets were in risk-off mode Friday, as tensions in the Ukraine overshadowed market developments elsewhere.

  • H.S. Borji

    UK GDP expanded at a steady rate in the three months through April, offering further sign the economy is progressing toward its pre-recession peak. The UK economy accelerated 1 percent between February and April, its fastest pace since June 2010, the National Institute of Economic and Social Research reported today. The NIESR raised its annual

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