by Christopher Nye | Apr 13, 2021
The dollar was the loser among major currencies yesterday, weakening slightly against both euro and pound during the day. It continues to move in and out against EUR with no clear direction. Later today we have an interesting selection of data releases around...
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by Christopher Nye | Apr 13, 2021
The single currency chopped and changed against USD yesterday, ultimately strengthening fractionally, boosted by better than expected shopping data. Retail sales in the Eurozone were significantly ahead of expectations, growing at 3% month on month – double...
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by Christopher Nye | Apr 13, 2021
Sterling attempted to stage a recovery early yesterday, strengthening by 0.5% against the euro, which dwindled by around half of that over the rest of the day. The pattern was repeated against the US dollar, but sterling managed to hold on to most of its gains. This...
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by Christopher Nye | Apr 13, 2021
Despite some early gains yesterday sterling failed to rediscover its bounce from earlier in April and approaches the mid-point of the month almost 2% down against the euro and 1% down against USD compared to the start of the month. Early trading this morning shows...
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by Christopher Nye | Apr 12, 2021
The dollar is edging higher this morning but is still relatively weak due to a recent decline in treasury yields. Speaking yesterday, Federal Reserve Chair Jerome Powell reiterated the Fed’s cautious stance towards monetary policy and noted that the economy was...
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