Pound Drops Against U.S. Dollar, Yen
(RTTNews) - The pound fell against the U.S. dollar and the yen in the European session on Wednesday.
The pound touched 1.2605 against the greenback and 190.50 against the yen, setting 2-day lows. The pound is poised to find support around 1.25 against the greenback and 189.00 against the yen.
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U.S. Dollar Weakens Against Most Majors
The U.S. dollar lost ground against its most major counterparts in the New York session on Wednesday.
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Pound Slides Against Most Majors
The British pound weakened against most major currencies in the European session on Wednesday.
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Australian Dollar Falls Amid Risk Aversion
The Australian dollar weakened against other major currencies in the Asian session on Wednesday amid risk aversion, as traders largely refrained from making significant moves after hawkish comments from a few U.S. Fed officials again raised concerns about the outlook for interest rates.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the Asian session on Wednesday.
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U.S. Dollar Advances After Hawkish Fed Remarks
The U.S. dollar climbed against its major counterparts in the New York session on Tuesday, as Minneapolis Federal Reserve Bank President Neel Kashkari remarked that the central bank is expected to maintain a tighter monetary policy for an extended period.
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Yen Reverses Against Majors
The Japanese yen reversed from early gains against other major currencies in the Asian session on Monday, although the Japanese stock market is closed for Children's Day holiday on the day.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Monday.
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U.S. Dollar Lower As Soft Jobs Data Lifts Rate Cut Hopes
The U.S. dollar fell against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for April boosted hopes of a rate cut by the Federal Reserve in September.
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