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Dollar dips to four-week low as yields pull back; rouble sinks | Hellenic Shipping News Worldwide
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FOREX-Dollar dips to four-week low as yields pull back; rouble sinks
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Dollar dips to four-week low as yields pull back; rouble sinks
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Wednesday, 14 Apr 2021 04:32 PM MYT
Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017. Reuters pic
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LONDON, April 14 Sterling hit a one-week high against the dollar today, recovering some ground after a brief dip the previous day following news the Bank of England’s chief economist resigned.
The pound dipped yesterday afternoon, hitting a six-week low against the euro and extending losses against the dollar after the announcement of Andrew Haldane’s resignation.
April 14, 2021 - Written by Ben Hughes
Optimism about Britain’s coronavirus recovery outlook is keeping the British Pound to US Dollar (GBP/USD) exchange rate trending with an upside bias today, as investors sell the US Dollar again. The US Dollar’s strength from earlier in the week has already faded as the latest US inflation data has done little to support the hawkish bets of markets, and investors are now awaiting coronavirus news and more US data.
Last week saw GBP/USD briefly surge to its best levels in a fortnight, but ultimately slide from 1.3830 to 1.3706 as the US Dollar benefitted from Sterling’s own broad losses.