The dollar's supremacy of well over two years has turned sharply and the current downward trend will continue into next year on expectations the U.S. economic recovery is flagging, especially compared to Europe, buttressing the euro, a Reuters poll showed.
Sterling edged 0.6% higher on Wednesday against a broadly weaker dollar as the U.S. coronavirus relief package stalled in Congress and U.S. bond yields sank.
The U.S. dollar bounced on Friday after U.S. job growth for July helped ease some investor worries on the U.S. labor market, but the currency logged a seventh straight week of declines.
Sterling resumed its role as a risk-driven currency on Friday and was on track for its biggest daily fall since June against the dollar, as global market sentiment turned sour after the latest standoff between Washington and Beijing.
Emerging market currencies are expected to rise a bit further in coming months as a sliding U.S. dollar offsets domestic worries about large economic imbalances stemming from the coronavirus pandemic, a Reuters poll showed.
The U.S. dollar fell against a basket of currencies on Wednesday as investors' appetite for risk improved on strong corporate earnings and expectations of more stimulus measures for the pandemic-ravaged global economy.
The U.S. dollar edged lower in choppy trade against a basket of currencies on Tuesday, choking off a recent rally fueled by dollar bears taking profits on short positions, while investors watched talks in Washington on the next round of coronavirus relief.
Sterling edged lower on Tuesday erasing earlier gains as the U.S. dollar moved briefly higher, while fears of a second wave of virus infections and a Bank of England policy meeting later this week capped the pound's advance.
The dollar was slightly higher against a basket of currencies on Monday as investors unwound some recent short positions following the currency's weakest monthly performance in a decade.
The pound's month-long rally came to a halt on Monday, as dollar strength pushed sterling back down towards $1.30, even as it remained flat versus the euro.
The dollar rose against a basket of currencies on Friday as investors covered shorts and took profits after the biggest monthly decline in the currency in a decade.
The pound advanced towards $1.32 on Friday, on track for its biggest monthly rise in more than a decade as a broad-based dollar decline fuelled demand for the British currency.
The U.S. dollar extended its recent decline on Thursday after U.S. President Donald Trump raised the possibility of delaying the nation's November presidential election, while the euro hit a two-year high.
The dollar was mired at a more than two-year low on Thursday as the Federal Reserve repeated a pledge to limit damage from the pandemic as surging new coronavirus cases hamper the economy.
The U.S. dollar fell to a two-year low on Wednesday after the Federal Reserve repeated a pledge to use its "full range of tools" to support the U.S. economy and keep interest rates near zero for as long as it takes to recover from the fallout from the coronavirus outbreak.
Sterling benefited on Wednesday as the dollar weakened over concerns about the impact of the coronavirus pandemic, but was flat against the euro.
The dollar bounced off a two-year low on Tuesday as selling pressure faded ahead of a Federal Reserve meeting and as political wrangling over the next U.S. fiscal rescue package moved closer to a conclusion.
The dollar nursed losses on Tuesday, after slumping to a two-year low, as investors worry about the damage from the coronavirus to the U.S. economy and await the latest outlook from the Federal Reserve and the passage of a new fiscal rescue package.
The dollar tumbled to an almost two-year low against the euro on Monday on concerns about the growing number of coronavirus cases in the United States and ahead of the Federal Reserve's meeting this week when it is expected to confirm its commitment to rock-bottom interest...
Lacking any significant drivers of its own, sterling was pushed up by a broadly weaker U.S. dollar on Monday, as uncertainty over Brexit and Britain's economic prospects kept most investors on the sidelines.
The safe-haven yen rose on Friday to its highest in more than four-months, while the dollar slumped to near a two-year low, as risk appetite waned due to a host of concerns including a continued rise in coronavirus cases, a delay in the U.S. stimulus package bill and simmering...
LONDON - The pound surged ahead against a falling dollar on Friday and cable was set for its biggest weekly gain since the first week of June, although investors remained cautious about data pointing to an economic recovery.
The dollar slumped to its lowest in nearly two years on Thursday, as investors continued to sell the greenback on expectations a surge in coronavirus cases will make it difficult for the U.S. economy to outperform its peers.
Sterling fell on Thursday after the European Union's chief Brexit negotiator said that the UK had shown no willingness to break the deadlock on talks over a new trade agreement.