by Christopher Nye | Jun 16, 2020
The dollar steadied yesterday and weakened this morning as demand for safe-haven currencies waned slightly. In its latest move to help the economy, the Federal Reserve pledged yesterday to start purchasing U.S. corporate bonds. This has improved market sentiment and...
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by Christopher Nye | Jun 16, 2020
It was a choppy start to the week for the euro. Balance of trade figures released yesterday showed that the Eurozone’s trade surplus narrowed to €2.9 billion in April 2020 from €15.5 billion in the same month last year. This was well below market expectations of...
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by Christopher Nye | Jun 16, 2020
The pound is stronger this morning against both the euro and the dollar. This comes after the promise of ‘intensified’ trade talks between the UK and EU, as well as a boost in the stock markets. After high level talks between the UK and EU yesterday,...
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by Christopher Nye | Jun 16, 2020
After a high-level video conference yesterday, both the EU and UK are expected to ‘intensify’ Brexit talks in July, with the hopes of reaching a trade agreement as soon as possible. The rhetoric was mostly positive from both sides of the table and the pound is...
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by Christopher Nye | Jun 15, 2020
The dollar ended last week in a strong position and is still up against the pound and euro this morning, as investors turned to safe-haven currencies. This was due to reports that the COVID-19 infection rate is rising in some US states, prompting fears of a ‘second...
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