by Christopher Nye | Dec 4, 2020
The dollar has continued to weaken as there is increasing optimism for a US stimulus package in the near future. The proposal for a $908 billion Covid-19 aid package is gaining traction in Congress, with senior Democrat officials backing it. The US has reached the...
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by Christopher Nye | Dec 4, 2020
The euro is still going from strength to strength against the dollar, mainly due to dollar weakness. November PMI data for the Eurozone was released yesterday, showing the sharpest contraction in services activity since May. This was due to restrictions and lockdowns...
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by Christopher Nye | Dec 4, 2020
The pound is at stronger levels against the dollar and the euro this morning, hitting a three-month high against the dollar on hopes that the UK and the EU are closing in on a trade deal. Negotiators engaged in a second night of intensified talks in London, with one...
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by Christopher Nye | Dec 4, 2020
The pound is still at strong levels against the euro and the dollar on hopes of a Brexit breakthrough. Reports suggest that negotiators are urgently seeking compromises to key issues, such as fishing rights and the level playing field. Talks continued late into last...
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by Christopher Nye | Dec 3, 2020
The dollar is a ‘safe-haven’ currency, meaning that it tends to strengthen in times of crisis. Due to news that vaccines will be rolled out soon, hopes of a stimulus package for the US economy and a more ‘conventional’ governance due to Biden’s election, the dollar is...
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