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Which Assets Are Most Correlated to the USD? Building a well-balanced, diversified portfolio involves including assets with varying correlations. The U.S. dollar (USD), with its weak or negative correlations to other assets, can be a valuable addition to investors’ portfolios. This graphic, created in partnership with OANDA, illustrates the USD’s correlations with other assets and […]
December interest rate cut unlikely despite summer slowdown High interest rates also weighed on the UK economy over the summer. The Bank of England kept interest rates at a 16-year high of 5.25% until August, when it cut them to 5% (followed by a cut to 4.75% last week). Suren Thiru, ICAEW economics director, suspects […]
Trump trade drives pound down to four-month low against the dollar Donald Trump’s election victory last week is continuing to shift the markets. The pound has dropped to its lowest level against the US dollar since early July this morning, down half a cent to $1.2653. On election day, sterling was worth $1.30, but it […]