The U.S Dollar fell to the lowest levels in almost a month versus the Pound and the Euro yesterday despite some positive U.S data and comments from the new Treasury secretary, Hank Paulson, who reiterated his desire to see a ‘strong dollar’ in the coming months. In recent weeks, speculation has been building that the [...]
Exchange Rate Forecasts
August, 2006
The U.S dollar drops to the lowest level in a month versus the Pound despite an increase in Personal Income and U.S manufacturing
Wednesday, August 2nd, 2006The Euro continues to struggle against the Pound despite Euro-zone sentiment jumping to a five-year high in July
Tuesday, August 1st, 2006The Pound received a boost yesterday ahead of the Bank of England interest rate announcement later this week as momentum continues to build in the UK housing market despite forecasters anticipating a relative slowdown in the second half of the year. Mortgage Approvals in the UK rose to the highest level since January this year [...]
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