Tag Archives: U.S Dollar
Inflation Fears Ease, Fed Eyes Rate Cut
CPI Data Align with Expectations On Wednesday, the consumer price index rose 0.3% last month, same as the expectation of 0.3%, also marking the largest gain since April. The U.S dollar strengthened after CPI data came in line with forecasts, U.S dollar index rising 0.23% to close at 106.62. (U.S Dollar Index Chart, Source: Trading […]
Pound Sterling Extended Gains Against U.S Dollar
Tax Hikes Weigh on U.K Economy On Thursday, data from the Bank of England showed that British employers’ expectations for wage growth continued to soften. In a separate report, activity in Britain’s construction sector rose in November, but neither report had much impact on the pound. However, the pound gained 0.45% against the U.S. dollar, […]
