Economic Growth — News Archive

The US dollar was among the weakest currencies during the past trading week due to a range of bearish factors that made the greenback unappealing to investors.

The Great Britain pound gained against its most-traded rivals during the current trading session, rising for the first time after five consecutive sessions of losses versus the Swiss franc and the Japanese yen, even though the International Monetary Fund revised its growth outlook for the United Kingdom.

The Japanese yen gained against its major peers even though the growth of the nation’s manufacturing sector slowed more than expected this month according to the preliminary reading.

The Chilean peso rallied against the US dollar today, though the gains were limited as Chile’s central bank reduced its forecast for nation’s economic growth this year.

The Great Britain pound was vulnerable on Wednesday due to Brexit uncertainties but bounced to trade near the opening level against most of its major rivals. The US dollar was an exception as against it the sterling retained losses, falling for the third day in a row.

The Australian dollar fell against its US counterpart but logged moderate gains against other most-traded rivals after the Reserve Bank of Australia released relatively upbeat minutes of the February policy meeting.

The US dollar bounced after the intraday decline, trimming its losses versus the euro and gaining on the Great Britain pound and the Japanese yen. Friday’s economic data played at least some part in the currency’s moves.

The Polish zloty fell a bit today after the outlook for this year’s economic growth in Poland was revised lower.

The euro was mixed today, rising against the Great Britain pound and the Swiss franc, but falling against other most-traded currencies, even losing its earlier gains versus the US dollar.

Great Britain’s pound advanced against the euro to touch its highest level in several weeks after a court in the UK ruled that the government needs parliamentary approval before starting the process of leaving the European Union.