Lingering Scepticism Sustains Bearish Dollar Outlook.Since our last FX Forecast Update on 19 January, the US economy has remained on a solid footing. January's jobs report showed 130k new jobs and unemployment falling to 4.3%, reducing immediate pressure on the Fed to cut rates despite structural headwinds in employment growth.
Dollar holds gains as markets focus on peace talks, Fed minutes.The dollar held its ground on Wednesday as geopolitical risks kept markets on edge and investors awaited minutes from the Federal Reserve for signals on future rate cuts.
Pound-to-Dollar Forecast: GBP Under Pressure Ahead of UK Inflation Print.The Pound to Dollar (GBP/USD) exchange rate struck a one-week low on Tuesday as markets reacted to the UK's latest jobs data. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.35614 (-0.49%)Euro to Dollar (EUR/USD): 1.18525 (+0.01%)Dollar to Japanese Yen (USD/JPY): 153.2435 (-0.2%) DAILY RECAP: The Pound (GBP) tumbled on.