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British Pound on Course for 5% Gain in 2023

The sterling stood unchanged during early trading on Wednesday, keeping the currency on track for a 5% rise against the U.S. dollar for 2023. The British pound was last down 0.06% against the greenback at $1.2716, slightly lower than its four-month high of $1.279...

Dollar Strengthens as Investors Seek Sake Haven as Middle East Conflict Breaks Out

The U.S. dollar rose on Monday as investors flocked to the safe-haven currency after Hamas launched a widescale attack against Israel. "It's a little bit of risk aversion, not a wholesale panic and not a huge amount of sell-off, but just a little bit...

Pound Slumps to 12-Week Low Amid Falling Business Activity

A slump in economic activity in the United Kingdom has seen the sterling slump to a 12-week low. The UK S&P Global/CIPS composite Purchasing Managers' Index (PMI) fell from 50.8 in July to 48.6 in August, indicating a contraction in economic activity. The services...

Latin American Currencies Slip Following Chinese Economic Boost

Currencies of resource-rich Latin American countries mostly declined on Monday after the Chinese government decided to implement its latest measure to support its flailing economy. The government halved stamp duty on stock trading in an effort to fuel demand. Brazil's real edged 0.2% against the...

Dollar Rises Ahead of Federal Reserve Chair Speech

The US dollar rose on Thursday as investors braced themselves for the Federal Reserve's Jackson Hole symposium, with Fed Chair Jerome Powell slated to speak on Friday. Softer-than-expected economic data during the week has further muddied investors' interest rate outlooks. Viewed largely as a safe...

Dollar Retreats Ahead of Fed Chair Speech

The U.S. dollar retreated from a 10-week high against major peers on Tuesday despite Treasury yields surging toward a 16-year high. This comes as investors brace for Federal Reserve Chair Jerome Powell's speech from Jackson Hole later this week. Measuring the dollar against a basket...