The pound marked its sixth consecutive weekly drop against the U.S. dollar on Friday, underscoring the British currency’s retreat amid a dovish shift in monetary policy.
The pound GBPUSD +0.01% bought $1.6696 on Friday, up slightly from $1.6688 late Thursday. Nonetheless, that’s down from $1.6796 a week ago, putting the currency right near its 200-day moving average.
The dollar USDJPY -0.09% bought ¥102.34, down from ¥102.46 late Thursday. The currency pair had climbed as high as ¥102.72 in morning trade.
The dollar showed little lasting reaction against the euro. The common currency EURUSD +0.27% bought $1.3398, up from $1.3367.
The dollar index DXY -0.24% , which measures the currency against a basket of its rivals, was down at 81.436 from 81.579.
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The pound GBPUSD +0.01% bought $1.6696 on Friday, up slightly from $1.6688 late Thursday. Nonetheless, that’s down from $1.6796 a week ago, putting the currency right near its 200-day moving average.
The dollar USDJPY -0.09% bought ¥102.34, down from ¥102.46 late Thursday. The currency pair had climbed as high as ¥102.72 in morning trade.
The dollar showed little lasting reaction against the euro. The common currency EURUSD +0.27% bought $1.3398, up from $1.3367.
The dollar index DXY -0.24% , which measures the currency against a basket of its rivals, was down at 81.436 from 81.579.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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