by Christopher Nye | Apr 3, 2020
The dollar remained strong yesterday, despite jobless claims coming in at a record breaking high. Data showed initial claims for unemployment benefits rose to 6.65 million in the latest week from an unrevised 3.3 million the previous week. The figures far exceeded the...
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by Christopher Nye | Apr 3, 2020
Uncertainty over the European Union’s response to coronavirus has helped push the single currency down to almost a three-week low against the pound. Disagreement over the so-called ‘coronabonds’ between many southern European states and German, the Netherlands,...
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by Christopher Nye | Apr 3, 2020
The pound continued to gain against the euro yesterday, hitting a three-week high as the single currency suffered due to the eurozone’s fractured response to the coronavirus. Sterling was also given a boost because of improved risk sentiment, which was fuelled by...
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by Christopher Nye | Apr 2, 2020
Virus worries continue to fuel the dollar, with manufacturing PMI data for various countries showing a decline yesterday. The US’s manufacturing figure also fell into contraction territory, coming in lower than expected at 48.5. Data showing private sector jobs loss...
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by Christopher Nye | Apr 2, 2020
The euro is weak against the pound and the dollar this morning, as the markets begin to vent their frustration at the Eurozone’s inability to adopt a united approach to fighting the economic damage caused by the coronavirus pandemic. Member states are currently...
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