GBP/USD trades close to 1.38, consolidating its declines despite Britain's highly successful vaccination campaign.
The reopening of the UK economy amid the upbeat vaccination distribution program helped limit any further losses for the British pound.
UK Prime Minister Boris Johnson announced the second phase of lockdown easing on Monday and confirmed that nonessential stores will be allowed to reopen from April 12.
On the other hand, a modest uptick in the US Treasury bond yields helped the US dollar to stall its recent pullback from four-month tops.
Market participants also seemed hesitant to place any aggressive bets ahead of today's release of the latest FOMC meeting minutes.
13 Apr 2021 11:00 AM
The dollar rose from near a three-week low against major rivals on Tuesday, buoyed by a bump in Treasury yields, as traders awaited highly anticipated U.S. inflation data later in the day.
13 Apr 2021 10:30 AM
Gold was unchanged today as investors kept to the side lines ahead of U.S. inflation data that is projected to shed more light on recovery in the world's largest economy.
13 Apr 2021 07:40 AM
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12 Apr 2021 06:35 PM
U.S. stock futures slipped today, signaling a muted opening for major indexes that stand at record highs ahead of a busy week of corporate earnings and economic data.
12 Apr 2021 04:31 PM
Indian equities fell the most in over a month as a rapid surging second wave of the coronavirus across the country acted as the key deterrent to market sentiment.
12 Apr 2021 04:21 PM
The Indian rupee dropped for the sixth consecutive session against the dollar, as a surge in coronavirus cases intensified fears of a delay in economic recovery.