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Currency news

GBP/USD collapses to record low as markets rocked by ...

The pound collapsed on Friday as markets were rattled by the contents of UK Chancellor Kwasi Kwarteng’s mini-budget.

Pound subdued following BoE’s 50bps rate hike

Trade in the pound was erratic on Thursday after the Bank of England (BoE) disappointed with a 50bps rate hike.

US dollar firms in risk-off trade

The US dollar struck higher on Tuesday, bolstered by a bearish market mood.

Weekly Roundup: Australian dollar tumbles in ...

The Australian dollar was placed on the defensive last week, with investors shying away from the currency as market risk appetite weakened.

Weekly Roundup: US dollar strengthens amid ...

The US dollar initially stumbled last week as demand for the safe-haven currency was knocked by an upbeat market mood.

Weekly Roundup: Euro hits parity with the US ...

The euro raced higher at the start of last week’s session. Ukraine’s successful counteroffensive against Russian forces bolstered hopes for an earlier

Weekly Roundup: Pound fluctuates on mixed data

The pound got off to a slow start last week as the UK’s latest GDP figures reported a smaller-than-expected rebound in growth in July.

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