The Pound Sterling (GBP) is up 0.2% against the US Dollar (USD), a mid-performer among the G10 currencies in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The US Dollar (USD) is tracking lower overall against the major currencies as last week’s bid tone fades and traders look ahead to this week’s risk events, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The Euro (EUR) edges modestly higher against the US Dollar (USD) on Friday, extending its intraday advance as investors weigh the latest US Personal Consumption Expenditures (PCE) inflation report, which came mostly in line with forecasts and offered little fresh impetus.