Foreign Exchange Rates
The British pound was volatile during the day on Wednesday as we continue to slice around the 1.2750 region. We broke above the 1.28 level, which is a bullish sign but I think a lot of what we will see will be driven by factors that are so far from each other that we will more than likely see nothing but volatility going forward. After all, the less than impressive economic numbers coming out the United States during the early hours on Wednesday put into doubt a lot of the trading publics estimation of interest rate hikes going forward. Because of this, the US dollar suffered against all currencies, and the British pound of course was no different. However, I think that there are other things in this pair that are of note, and it’s something that you should pay attention to. Taken together, the EUR/USD pair remains the most liquid currency pair, and its low bid-ask spreads contributes greatly to the EUR/USD’s popularity.
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US dollar news for 15/05/2017
The dollar slumps against all other major currencies on Tuesday after reports President Donald Trump shared classified information with top Russian officials at a meeting last week.Related link:
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