by Christopher Nye | Feb 17, 2021
The dollar is strengthening against a basket of currencies this morning due to the yield of 30-year treasuries increasing, which has been fuelled by market optimism over the US stimulus package. President Joe Biden’s $1.9 trillion stimulus bill may be approved as...
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by Christopher Nye | Feb 17, 2021
The euro is at a one week low against the dollar, due to strength from the greenback. The ZEW Indicator of Economic Sentiment figure for Germany was released yesterday, increasing by 9.4 points from the previous month to 71.2 in February, well above market forecasts....
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by Christopher Nye | Feb 17, 2021
The pound is still trading at strong levels against the euro and the dollar after a series of UK data releases this morning. The inflation rate came in at 0.7% year-on-year in January, which was above market expectations of 0.6%. This was due to a rise in furniture...
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by Christopher Nye | Feb 17, 2021
Sterling continues to be well supported by the UK’s vaccine rollout, falling infection rates and hopes for economic recovery. The government says it has vaccinated 15 million people, which means that just over one in four adults have had their first dose of vaccine so...
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by Christopher Nye | Feb 16, 2021
The dollar’s 10-day slide against the euro and pound continued yesterday, albeit in a fairly muted way. The dollar lost against most major currencies, including GBP, NZD and CHF. There are some mid-level data releases today, but the bigger news will be tomorrow, with...
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