Pound strengthens, outperforming post-FOMC Dollar

Source: FXstreet
The Sterling extended its gains against the Greenback and remained to stay among the best-performing major currencies today, despite the pressure from the FOMC statement and strengthening US Dollar. The Cable rose 0.25% to $1.5634 by 11.30 AM GMT on Thursday. Later in the day, the release of the US GDP data is awaited, which will influence the further performance of the pair.
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Thu, 30 Jul 2015 16:14:04 GMT

Kiwi drops amid Wheeler's view of currency and US labour market assessment

The Kiwi slid on Thursday amid the comment of Reserve Bank of New Zealand Governor Graeme Wheeler that the local currency should depreciate and amid the Fed's positive evaluation of the United States labour market. The New Zealand Dollar fell to $0.6639 from midday's $0.6662 and $0.6698 yesterday. The trade-weighted index slipped from 71.31 to 70.74 points. 

Thu, 30 Jul 2015 12:19:04 GMT

Oil rises on the back of US stockpiles decline

Crude prices jumped on Thursday, driven by the drop in the US oil stocks, offsetting pressure from the FOMC-boosted Greenback. The WTI futures rose 0.94% to $49.22 a barrel, while the Brent posted a 1.55% jump to trade at $54.21 a barrel by 11:06 AM GMT. The EIA report showed on Wednesday that the US inventories fell by 4.2 million

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