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US dollar sells off after Powell joins the doves

Federal Reserve chair Jerome Powell gave his strongest indication yet that US interest rates will soon fall when he spoke at the Fed’s annual meeting in Jackson Hole. Powell described risks “shifting” and that the complex economics might now support a cut. The US...


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GBP: Can we trust the data?

Another rise in headline inflation was almost cancelled out by stronger sector data and an improved business outlook, but can currency markets trust the data they’re getting from the ONS? There is real anxiety here, because losing accurate, impartial data on the state...


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EUR: A worry from Germany

Germany’s economic struggles are a cause for concern for anyone selling euros. Economic growth in the second quarter of the year was revised down at the second estimate. While the euro has had a strong summer, it will need its economic engine to cement those gains in...


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USD: Trump fires Fed policymaker

As has been the case for some time, the biggest influence on the US dollar is the Federal Reserve. Usually, this comes in ever-changing rate expectations. But yesterday President Trump fired Lisa Cook, a governor of the Federal Reserve, alleging she had made false...


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USD: PMI puts dollar on front foot

Positivity among America’s business leaders powered the dollar to gains against all-comers yesterday. The Jackson Hole Symposium continues in Wyoming, with Jerome Powell talking today at 3pm UK time. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To  ...


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