Yesterday USD/GBP and USD/EUR hit their lowest level since mid-November, while the week’s losses against SEK are around 5.5%. This afternoon we’ll hear Non-Farm Payrolls. However, these are the pre-DOGE results so don’t expect fireworks. Wednesday next week…
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After a strong Wednesday, yesterday the single currency’s gains were pared back. Even so, the weekly gain has been impressive, with close to 4% pulled back against the US dollar and 1.5% against the pound.
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Sterling fell against almost all-comers yesterday, including 1% against the Swiss franc. However, losses against other currencies were relatively mild, with most of the damage already done on Wednesday. Volatility over the week added up to a loss…
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The dollar hit a four-month low as President Trump’s tariffs against Canada and Mexico came into force. Data out of the US job market also spelled gloom, when companies hesitant to hire new workers in the face of…
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Following an historic investment agreement in Germany, the euro climbed 1.3% on the dollar and now sits more than 4% higher than last month. Chancellor-in-waiting Friedrich Merz’s deal has also sent stocks in German arms manufacturers and construction…
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Sterling gained 0.8% on the dollar on Wednesday, marking a 3.5% growth in the past month alone. However, the governor of the Bank of England says a trade war poses a “substantial” threat to the British economy.
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Following a terrible Tuesday, the dollar continued to slide on Wednesday, hitting a four-month low against the pound. USD ended Wednesday down a further 1.3% on EUR and 0.8% on GBP. European countries enjoyed a huge boost following…
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The dollar hit a three-month low on Tuesday as President Trump’s long-threatened tariffs came into force. EUR came out best from the turmoil, up 1.6% on USD and 0.7% on GBP. But today is due to be another…
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