(Bloomberg) -- The U.S. Treasury yield curve is approaching its steepest level in three years as policy responses to the coronavirus pandemic and glimmers of hope on the economic front drive a wedge between intermediate- and long-term interest rates.
GBP/USD Exchange Rate Edges Higher as US Riots Continue to Escalate The Pound to US Dollar (GBP/USD) exchange rate rose by 0.65% today, with the pairing currently trading around $1.25. The US Dollar (USD) has suffered from a market sell-off today as risk-sentiment continues to improve, despite protests ranging across the US over the killing […]
(Bloomberg) -- The pound surged to its highest in over a month against the dollar on speculation this week’s Brexit talks might start to yield a hint of progress. Sterling is on its longest rising streak versus the greenback since April. While the U.K. and European Union have shown few signs of ceding ground, the Times newspaper reported the potential for compromise from London, ahead of a end-month deadline to extend the Brexit transition period beyond this year.
By Peter Nurse Investing.com - The dollar has few friends in early European trade Tuesday, as the tone remains generally optimistic about the global recovery despite heightened concerns over U.S.-China tensions and civic unrest in many U.S. cities.
(Bloomberg) -- Australia’s central bank kept its interest rate and yield objectives unchanged as an abatement of the health crisis allows the economy to begin reopening. Reserve Bank of Australia Governor Philip Lowe maintained both the cash rate and three-year yield targets at 0.25% on Tuesday, as expected. The bank sharply tapered bond buying in May as financial markets calmed and Covid-19 infections dwindled. Meantime, a gauge of consumer confidence advanced Tuesday for a ninth ...
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