April 20, 2023 – Written by John Cameron
Leave a comment STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Firmed as US Data Disappoints
US Dollar (USD) Soured amid Downbeat Economic Data
The US Dollar (USD) struggled for demand despite a cautious market mood. Another run of poor economic data disappointed, potentially curbing further interest rate hike bets from the Federal reserve. Preventing further losses are the maintained hawkish rhetoric from Fed policymakers.
The latest initial jobless claims surprised to the downside and gave further evidence that the one robust and tight labour market could finally be loosening. The US Department of Labor published data that revealed that…
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