GBP/USD drops to $1.38 amid rising US Treasury yields
The US dollar struck higher on Monday, rising in step with US Treasury yields, which were bolstered by US economic optimism.
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The US dollar struck higher on Monday, rising in step with US Treasury yields, which were bolstered by US economic optimism.
Confidence in the health of the UK economy took a fresh blow thanks to January’s GDP report, leaving the pound on the back foot.
As the ECB prepared to frontload its bond-buying activity, the mood towards the euro temporarily soured, although this impact ultimately proved fleeti
USD exchange rates moved in line with US Treasury yields for much of last week, and weakened even though the US inflation rate jumped to 1.7% on the y
Improved Australian business and consumer confidence indexes helped to give the Australian dollar a leg up against its rivals last week.
The US dollar soared at the end of last week as the recent correction in US Treasury yields dissipated.
The euro slipped on Thursday following the European Central Bank's (ECB) pledge to accelerate the pace of its bond-buying programme.
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