by Christopher Nye | Nov 9, 2020
The dollar sank to its lowest level in over two months against a basket of currencies on Friday as a Biden victory looked more and more likely. Non-farm payroll data was released at the end of last week, showing that the US economy added 638,000 jobs in October,...
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by Christopher Nye | Nov 9, 2020
The euro had a positive week against the dollar last week, strengthening by nearly 3%. This was mainly down to weakness from the greenback as Biden inched ahead in the US election. It’s a busy week of data for the Eurozone, with economic sentiment figures due...
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by Christopher Nye | Nov 9, 2020
The pound ended last week in a strong position against the dollar and weaker against the euro. Riskier currencies, which include the pound, strengthened as Biden increased his lead in the US election. However, Brexit uncertainties weighed on the pound against the...
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by Christopher Nye | Nov 9, 2020
Vice President Joe Biden won the presidency of the USA on Saturday afternoon, although President Trump is mounting legal appeals against the result. Lawsuits are expected to continue through the month. Prime Minister Boris Johnson welcomed Biden’s victory, although...
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by Christopher Nye | Nov 6, 2020
The dollar gained a little ground overnight as election uncertainty has set in. The Trump campaign has taken legal action and filed several lawsuits to demand more access to locations where ballots are being processed and counted. He has also called for a recount in...
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