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Forex Market: GBP/USD hits a fresh one-month low as market caution, Fed taper signal expectations support US Dollar

September 20, 2021 8:53 am
GBP/USD retreated for a third straight trading day on Monday, while touching a fresh one-month low, as the US Dollar remained firm on investor expectations of the Federal Reserve moving a step closer towards asset purchase tapering this week. Additionally, concerns that the eventual collapse of indebted developer China Evergrande could lead to a broader […] Read more

Forex Market: GBP/USD rebounds from one-month lows as it tracks stock market rally

August 23, 2021 9:05 am
GBP/USD rebounded from last week’s one-month trough on Monday, while tracking other risk-sensitive assets, as investor risk sentiment improved while the safe-harbor greenback came off recent highs. The US Dollar eased from an over 9-month peak against a basket of six major peers on Monday, as market sentiment improved with a rebound in Asian shares […] Read more