Day: August 11, 2020

August 11
2020

Sterling Pound Rallies Against the Dollar, Later Gives Up Its Gains

The Sterling pound today rallied higher against the US dollar in the early London session driven by the upbeat investor risk appetite and the greenback’s weakness. However, the GBP/USD currency pair could not hold on to its gains as the American markets opened and headed lower as investor sentiment shifted in favour of the dollar. The GBP/USD currency pair today rallied from an Asian session low of 1.3055 to a high of 1.3132 in the mid-London session before giving up most […]

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August 11
2020

US Dollar Struggles to Hold One-Week High on PPI, Falling Business Optimism

The US dollar is struggling to hold onto its best level in one week as higher producer prices and falling business optimism affected the greenback. After a near 7% slide in three months, the greenback has been holding steady so far this month amid uncertainty in the post-coronavirus global economy. But is the dollar oversold, or could inflation threaten its strength in international forex markets? In July, the producer price index […]

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