The dollar fell on Monday, following promising performance after optimistic US housing and consumer data last week. Investors are still wary about the fragility of the US economy opting to play it cautious, as an onslaught of economic data that is released this week.
Oil prices were also a factor in the dollar’s slump, as crude [...]
The pound lost ground against the other currencies on Tuesday after a report by the CBI (Confederation of British Industry) reported that sales on UK’s high streets were falling at an alarming rate.
In the survey the CBI stated that a huge 61 percent of people who were asked said that their retail sales had fallen [...]
The US dollar steadied on Monday, after losing ground on gains made on Friday due to strong US job data. Oil price rises prompted investors to sell over the weekend in favour of higher-yield currencies, but levelled out on Monday as traders wait for Central Bank data this week.
Analysts expect that the euro and dollar [...]