Dealers Desk
Sterling hit a 1-1/2 month low versus the safe haven dollar on Thursday on worries about Greece and fragility in the Spanish banking sector, with investors also bearish on the pound after the Bank of England cut UK growth forecasts.
Sterling hit a one-month low against the dollar on Thursday as concerns about Greece ditching the euro boosted demand for the safe-haven U.S. currency, with investors also wary of the pound after the Bank of England cut UK growth forecasts.
United States Dollar: GBP/USD sold off to a low of to a four week low of 1.5889 in the wake of the more dovish than expected Bank of England Inflation Report yesterday as the centr...
The euro continued to fall in midafternoon New York trade on Tuesday with investors expressing strong aversion to risk after Greece failed to form a government and said it would hold new elections, raising the chances it could eventually exit the eur
United States Dollar: The USD pushed higher across the board on Tuesday as risk aversion once again dominated financial markets, which saw the Dollar Index (a measure of ...
United States Dollar: Risk was well and truly off on Monday, with the USD continuing to strengthen on the back of strong safe haven demand as markets remained nervous due to the on...
United States Dollar: Cable fell victim to a marked decline in risk sentiment on Friday, with the USD catching its familiar safe haven bid as investors tried to shield themselves f...
Sterling hit a three-week low against the dollar on Friday as risk aversion stemming from U.S. bank losses and political turmoil in Greece boosted the safe-haven U.S. currency. The pound also eased off a 3-1/2 year high against the euro.
Sterling eased against the dollar on Friday after JP Morgan's trading loss hit investor appetite for riskier currencies, while the political disarray in Greece helped the pound hit a 3-1/2 year high versus the euro.
The euro gained against the dollar o n Thursday, snapping eight straight sessions of declines and bouncing from its recent 3-1/2-month low as stress in Spanish debt markets eased and Greece secured funds to repay its bondholders.
Dealers' desk forex news is provided by OzForex Pty Ltd.
