Tag: Currency market
US Dollar Under Pressure Amid Fiscal Concerns Despite Economic Data Boost
The US Dollar done fell on Friday, erasing gains made in the previous session that had been driven by stronger-than-expected PMI and jobless claims figures. Despite them encouraging data points, markets remain wary after...
Mexican Peso Struggles After Federal Reserve Statement
The Mexican Peso (MXN) has been facing significant challenges against the US Dollar (USD) in recent trading days, undoing the gains it had made just the week before. This ongoing decline is occurring amidst...
Pound Faces Downward Pressure as Economic Growth Declines in London – London Business News
The British pound is currently facing downward pressure, especially against the U.S. dollar, which is having a strong week. The Federal Reserve's cautious approach to monetary policy and Chair Powell's positive remarks about the...