by Christopher Nye | May 7, 2025
It was a sea of red for US dollar pairs yesterday, as the markets fell ahead of the Fed’s interest rate decision today. The biggest falls were against the yen (down 1%) and Norwegian krone (down 1.2%). There wasn’t a great deal for the markets to go on, but on Monday...
read more
by Christopher Nye | May 7, 2025
The single currency was in two minds yesterday – weakening against the pound, yen and krone but gaining on the US dollar. It was a decidedly mixed bag for final PMI results across the eurozone too, but including a positive result for Spain, also with unemployment...
read more
by Christopher Nye | May 7, 2025
Sterling had a positive start to the working week. Strengthening by a third of a percent against the euro and twice that much against the US dollar and Swiss franc. Some of that was later reversed. We are waiting for Construction PMI numbers, but all eyes are on the...
read more
by Charles Purdy | May 7, 2025
It was a turbulent day for sterling yesterday, with sharp rises and falls for GBP/EUR, but continued growth against the US dollar. European exporters including Porsche and Heineken have been warning that the strong euro – on top of tariffs – is a serious threat to...
read more
by Jonathan Cook | May 6, 2025
After a frantic few weeks, some of the larger, more foundational questions about the US dollar’s (and indeed, the United States in general) short-term future have dissipated. The US dollar rallied to end last week on news of trade talks with China and further evidence...
read more
