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Euro US Dollar (EUR/USD) Exchange Rate Steady as Improving Risk Sentiment Weighs on 'Greenback'

Euro US Dollar (EUR/USD) Exchange Rate Steady as Improving Risk Sentiment Weighs on 'Greenback'
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Pound US Dollar (GBP/USD) Exchange Rate Rangebound as Risk-On Markets Limit 'Greenback'

April 15, 2021 - Written by John Cameron
GBP/USD Exchange Rate Steady as US Retail Sales Beat Forecasts
The Pound US Dollar (GBP/USD) exchange rate held steady this morning after the ‘Greenback’ was undermined by a dovish Federal Reserve. The Fed’s Chairman Jerome Powell suggested that it was unlikely that the bank would raise interest rates until as late as next year.
The pairing is currently fluctuating around $1.37.
Added to this, demand for the safe-haven ‘Greenback’ have been undermined by growing confidence in the global economy.
In US economic data, today saw the release of March’s retail sales figure, which beat forecasts and rose by 9.8%. ....

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