The British currency extended its European session downtrend against major opponents during New York morning trading on Thursday. The pound dropped to new multi-week lows against the euro and the Swiss franc in the same period. A report from the Office for National Statistics showed today that U.K.’s business investment unexpectedly dropped 5.8% to GBP
During European session on Thursday, the U.S. dollar showed mixed trading versus its major counterparts, amid economic reports. The dollar slipped to a near 3-week low versus the yen, but rose to a new multi-month high against the pound. Meanwhile, the dollar recovered against the euro and the franc. A Labor Department report released today
The US dollar declined against the European majors on Wednesday morning in Asia as investors remain cautious ahead of a testimony by the Federal Reserve Chairman Ben Bernanke. Bernanke is set to deliver his semiannual report on the economy today and tomorrow. He is expected to shed light on how soon key U.S. rates may
Tuesday in Asia, the U.S. dollar edged down against its European, U.K. and Swiss counterparts as investors await the Federal Reserve Chairman Ben Bernanke’s testimony in the House and the Senate on Wednesday and Thursday. The dollar plummeted to a 6-day low against the franc and a 4-day low against the pound. But the dollar
In early European deals on Monday, the euro eased from an early Asian session’s multi-day highs against the dollar, the yen and the pound as investors remain concerned about sovereign debt problems. Research firm DBS said today that the euro’s direction this week depends on two key events, namely the Greek bond issue and the
