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GBP/USD drops further to 1.3890, but secures weekly gains

GBP/USD drops further to 1.3890, but secures weekly gains

Dollar gains momentum late on Friday and trims weekly losses. Cable heads for biggest weekly gain since May. Next week’s key events: NFP and Bank of England meeting. The GBP/USD did not hold to gains on Friday…

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Dollar Up, Hopes of Fed Monetary Stimulus Rise

Dollar Up, Hopes of Fed Monetary Stimulus Rise

The dollar was up on Thursday morning in Asia, clawing back gains from earlier losses. The market saw small moves as the number of COVID-19 cases globally continues to rise incessantly, and expectations of further…

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Dollar Up, Hopes of Fed Monetary Stimulus Rise

Dollar Up, Hopes of Fed Monetary Stimulus Rise

The dollar was up on Thursday morning in Asia, clawing back gains from earlier losses. The market saw small moves as the number of COVID-19 cases globally continues to rise incessantly, and expectations of further monetary stimulus from the U.S. Federal Reserve begin to grow. “Central bankers continue to offer promises of almost endlessly easy...

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Dollar Edges Higher; Turkish Central Bank in Focus

Dollar Edges Higher; Turkish Central Bank in Focus

The dollar edged higher in early European trade Thursday, helped by its safe-haven status as concerns about the impact of the coronavirus remain. At 3:05 AM ET (0805 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 92.517, but just above the month’s low of...

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