The dollar rose against a swath of currencies on Friday, rocketing to 4 1/2-year high against Japan's yen.» Read More
The dollar rose against a swath of currencies on Friday, rocketing to 4 1/2-year high against Japan's yen.
The U.S. dollar recovered to trade higher against the euro and yen late Thursday afternoon in a volatile session that saw the U.S. currency swing between gains and losses.
LONDON, May 16- Sterling is likely to fall sharply against the dollar in the coming months, as the British economy lags a U.S. recovery and on expectations a new Bank of England chief will push for significant monetary easing. Options traders cite demand for bets sterling will drop to $1.4620 by mid-August, a three-year low, from $1.5250 on Thursday.
Brian Jackson, Global FX Strategist at Coutts says there more upside for the currency pair and explains why it will climb to 106.
The euro fell to a six-week low against a buoyant dollar on Wednesday, hurt by an unexpectedly large contraction of the euro zone economy.
The yen fell against the dollar on Tuesday for a fourth straight session, hitting its lowest level in 4 1/2 years as signs that the U.S. economy is improving.
Despite recent positive data for the U.K. economy, analysts believe sterling will move even lower this week with the latest inflation report on Wednesday.
The dollar gained for a third straight session against the yen and euro on Monday as data showing a rise in U.S. retail sales assuaged fears of an economic slowdown.
The yen tumbled to its lowest in more than four years against the dollar on Friday on data showing Japanese investors were buying more foreign assets.
The U.S. dollar skyrocketed to its highest level against the Japanese yen in over four years on Thursday, piercing the key technical and psychological 100 yen-per-dollar mark.
Geoffrey Yu, FX strategist at UBS, comments on the British pound and advises being short sterling against the euro.
Hans Redeker, global head of FX strategy at Morgan Stanley, says the U.K. environment still points to weaker British pound, and explains how it would boost the economy.
James Ashley, Senior Economist at RBC Capital Markets says more QE from the Bank of England is highly unlikely. He does not see the U.K. slipping into recession but says the economy will go through a long and slow process of growth.
The euro rose against the dollar after an unexpected rise in German industrial output was seen making a near-term euro zone interest rate cut less likely.
The euro firmed across the board on Tuesday after data showing German industrial orders beat forecasts, but the prospect of further monetary easing could limit its gains.
The U.S. dollar rose for a third straight session against the yen on Monday and looked set to make another run at the 100 yen level on renewed optimism about the U.S. economy.
Max Knudsen, chief market strategist at ADS Securities, discusses the British Pound and explains why it has been one of the best performing currencies in April.
The dollar surged more than 1 percent against the yen on Friday after strong U.S. April jobs data fueled optimism the U.S. economy may be more resilient than some had feared.
Jesper Bargmann, Head of G11 SPOT FX, Asia Pacific at RBS Global Banking & Markets expects the USD/JPY to reach 110 - 112 over the next quarter.
The euro fell sharply against the dollar in choppy trading on Thursday after European Central Bank President Mario Draghi said the bank is ready for negative deposit rates.