Dollar drops despite dismal European prospects

The dollar saw significant losses against the pound and euro on Tuesday, losing more than 0.5% against the pound and nearly 0.6% against the dollar. This is despite a dreadful economic sentiment report out of Europe. UK unemployment figures showed the number of...


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USD: Will improved mood last?

After a string of gloomy weeks, the US dollar began Monday on a positive note. However, slight improvements and the trade and geopolitical fronts won’t make up for economic weakness. Plus, there’s still no guarantee that the American economy will suddenly turn a...


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EUR: Risks and opportunities

A quiet summer period presents both risks and opportunities to the euro, which slid against the pound and the US dollar to start the week. The slow trickle of data (including this morning’s German consumer sentiment report) will in all likelihood be eclipsed by...


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GBP: A mixed opening

Sterling’s performance was mixed yesterday, strengthening by around 0.3% against the euro and weakening by about half a cent as the US dollar made a recovery. Ahead of Thursday’s crucial GDP report, the pound’s path is very much uncertain. GBP/USD: the past year...


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