Sterling is on fire as it extended gains on Tuesday. Hopes renewed among traders after the British cabinet office minister said a Brexit agreement was possible in the next days.
Category: Features
The dollar climbed on Monday against a basket of major traded currencies as global growth worries weighed. Investors hunted the liquid and high-yielding asset against rising political risk in Italy and Britain too.
A hawkish FED held interest rates steady. The greenback climbed to a 16-month peak after falling broadly after the US midterm elections.
Post-election Dollar recovery on Thursday as the greenback is moving away from 2-1/2-week lows hit on Wednesday. The dollar rose as the market breathed a sigh of relief after the U.S. midterm elections. Further, investors turned their attention towards the Federal Reserve policy meeting.
The dollar dipped following US Midterm elections results. Greenback’s losses extended on Wednesday with an index falling half a percent against its major traded rivals.