Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

USD weekly currency update- 10 February 2017

By Daily Market Brief - Fri 10th Feb 2017

The dollar improved its position among the major currencies, beating sterling into second place by a fifth of a cent and taking a cent off the euro. Its upward progress against the euro was fairly steady as the single currency was rattled by political turmoil surrounding the French presidential election and the resurfacing of the Greek debt crisis. 

The dollar's movement against sterling was more erratic. A sharp and unexplained sell-off of the pound was followed in short order by an equally sharp rebound after MPC member Kristin Forbes said the economy "could soon suggest an increase in the Bank Rate".

For its part the dollar headed into the weekend on a high note after a couple of 'googlies' from the president. With one he capitulated to Beijing, telling President Xi that he does, after all, recognise the "one China" policy. In the other he promised a "phenomenal" announcement about tax in the next couple of weeks.

Comment on this Blog

Be the first to comment on this Blog !!

Recommended Items

More Blogs By Daily Market Brief