Dollar Turns Weak Against Rivals, But Euro is Unable to Take Advantage
The greenback lost ground against its peers on Friday, continuing its recent downtrend, against the backdrop of worries about interest rate increases, and data reflecting a slowdown in the rate of consumer price growth in April. The dollar index fell
Read MorePound Strengthens on Unexpected Rise in the UK Retail Sales in April
The pound gained ground against its peers Friday following the release of better-than-anticipated economic data. According to the ONS, the country’s retail sales volumes grew by 1.40% in April 2022 following a decline of 1.20% in March, and better than
Read MoreEuro Continues its Losing Streak as Gas Prices Surge
The Eurodollar continued its downtrend last week against the backdrop of another sharp rise in natural gas prices, aided by reports of Russia initiating new steps to turn off the taps to Europe. The Eurodollar declined fell to its major
Read MorePound Remains Weak Despite the Recent Decline
The pound lost considerable ground against the euro, the US dollar, and other top currencies in the week that ended and analysts stated that additional losses are likely in the week ahead even though a short-term rebound cannot be brushed
Read MoreEuro Remains Under Pressure as Russia Stops Gas Supply to Bloc
The GBP/EUR currency pair exchange rate has been consolidating as economic concerns of investors shift from the UK to the Eurozone following a reduction in the flow of Russian gas supplies to the bloc and against the backdrop of worries
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