Yesterday was a sad day for the British Pound as it dropped to a 9 months low against the dollar and a 1 year low against the Yen.
The main reason is the growing deficit of the British economy and a recent opinion poll of British voters which returned inconclusive results for the upcoming election.
After long [...]
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dollar arrow pointing up
The Asian Friday session was a good day for the US Dollar as it gained ground vs. the Yen, Euro, and a bunch of exotic currencies.
The reason for this rise is the Federal Reserves’ announcement that it is raising the discount rate hike by 25 basis points from 0.5% to 0.75%.
The [...]