Tag Archives: GBP

After initially extending its recent recovery gains against the major currencies, the US dollar began consolidating in the European morning.  An unexpected shift by the Monetary Authority of Singapore, replacing a modest and gradual currency appreciation with a more neutral stance, coupled with softer oil prices and weaker European equities, appears to have weighed on emerging market currencies. Asian equities extended their rally, with the Nikkei gaining 3.25% and the Shanghai Composite...

Read More »