GBP/USD dwindles near the 1.2500 figure after US economic data By christianborjon GBPUSD Majors Macroeconomics Technical Analysis
Sentiment remains dismal, a headwind for the GBP/USD.
Despite being a negative report, the buck remains in the driver’s seat, boosted by higher US Treasury yields. The 10-year US Treasury yield is rising two and a half basis points, at 3.051%, underpinning the greenback. The US Dollar Index, a measure of the US Dollar value vs. a basket of six currencies, advances close to 0.50% and is back above the 103.000 mark, which was last reached on May 23.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD bulls pressured as US dollar bounces back to lifeAt 1.2577, GBP/USD is under a little pressure in Tokyo after sliding from a high of 1.2597 and reaching a low of 1.2566. In the prior session, sterlin
Read more »
EUR/USD Forecast: Upbeat EU data provides near-term supportThe American dollar resumed its advance during Asian trading hours amid a lingering dismal mood, sending EUR/USD to an intraday low of 1.0670. Howeve
Read more »
BTC/USD Forex Signal: Bitcoin Consolidation to ContinueThe $BTCUSD pair continued consolidating as the market reflected on the new cryptocurrency bill in the US and the upcoming consumer inflation data.
Read more »
USD/CHF stands tall near three-week high, just below 0.9800 mark amid stronger USDThe USD/CHF pair built on its recent goodish rebound from the 0.9550 support zone and gained some follow-through traction for the fourth successive da
Read more »
EUR/USD Price Analysis: Looks neutral/bearish near termEUR/USD’s ECB-induced bullish attempt ran out of steam in the 1.0770 region on Thursday. The inability of spot to surpass the 4-month resistance line
Read more »
GBP/USD Forex Signal: Bearish Below $1.2437There is wide consolidation between $1.2400 and $1.2600.
Read more »