British Pound remains depressed near 1.3300 despite upbeat UK Retail Sales data

British Pound remains depressed near 1.3300 despite upbeat UK Retail Sales data

The British Pound (GBP) remains pinned near three-week lows against the US Dollar (USD) on Friday, trading near 1.3300 and on track for a 1% weekly decline. The upbeat UK Retail Sales data seen earlier on Friday has failed to lift the Pound, weighed heavily by risk-averse markets and increasing fiscal concerns in the UK. […]

United States Dollar Index holds gains near 101.50 on revival of hawkish Fed bets

United States Dollar Index holds gains near 101.50 on revival of hawkish Fed bets

The US Dollar (USD) clings to the previous day’s gains in the Asian session on Friday, as surging oil prices due to intensified Middle East energy supply risks have revived Federal Reserve (Fed) interest rate hike expectations. At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades […]

US President Donald Trump imposes new tariffs on dozens of trade partners 

US President Donald Trump imposes new tariffs on dozens of trade partners 

The United States (US) will impose new tariffs of between 10% and 12.5% on imports from most major trading partners, its biggest move yet to reconstruct US President Donald Trump’s tariff wall that was pierced by the Supreme Court, Bloomberg reported on Thursday.  The duties target key economic partners, including the United Kingdom (UK), China, […]