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Foreign Exchange Analysis Headlines

Dollar index at five-month high as euro slips on Italian woes

The dollar added to recent gains against a basket of currencies on Wednesday to touch a five-month high, supported by relatively robust U.S. economic data in recent days, while the euro was hit by reports that a likely future Italian government would seek debt forgiveness from European creditors.

Sterling slips back towards 2018 lows as dollar surges

Sterling fell on Wednesday back towards its weakest level of the year amid fresh worries about Britain's Brexit negotiations, a new leg higher in the dollar's rally and after relatively modest UK wage growth earlier in the week.

Dollar at 2018 peak as benchmark Treasury yield hits seven-year high

The U.S. dollar rose against a basket of major currencies on Tuesday to its highest since December, as data showing a pickup in U.S. consumer spending exerted fresh selling pressure on U.S. government bonds and sent the yield on the 10-year Treasury note to its highest level since July 2011.

Sterling rises away from recent lows as dollar hits soft patch

Sterling rose on Monday as the dollar weakened against its rivals and investors bought back the pound ahead of unemployment and wages data, which sterling bulls hope will help the currency recover now that any interest rate hikes look further away.