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USD: Government shutdown mutes dollar

With less data that usual to inform the markets the dollar was in a holding pattern last week. What gains there were against those countries with an interest in trade with China, notably AUD and NZD, but also with the Nordic currencies. Watch out on Wednesday for a...


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EUR: Can euro hold on to last week’s gains?

The single currency was in a single-mindedly positive mode last week, following excellent final results for PMI midweek. The big news this week will be the ZEW Economic Sentiment Index for both the eurozone as a whole and its biggest economy, Germany. That’s out...


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GBP: Unemployment the key for this week

After a week where a lot didn’t happen – a weird non-message from the chancellor and no interest rate change – the pound may be buffeted this week by news on the economy. Watch out for tomorrow and Thursday’s data releases on jobs, earnings and...


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Economic data back at centre stage

After a tepid sort of week on the currency markets, with little overall movement against the euro or US dollar, we’re back into a period of high-level data for the UK economy. Last week the Bank of England (BoE) opted, narrowly, to keep interest rates at 4%. But can...


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USD: Softer dollar

The US dollar struggled through Thursday, losing ground to its European foes as well as the Japanese yen. There are all manner of things at play here, chief among which is stronger data reducing the chance of an interest rate cut when the Federal Reserve next meet....


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