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EUR: Strong gains for single currency

The only was up for the euro – with close to a 1% gain on USD and smaller but still significant advances on the pound, yuan and Australian dollar. We’re getting final results for inflation this morning and Monday, with the ZEW Economic Sentiment Index the main event...


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USD: More losses ahead of Fed’s decision week

The US dollar made its biggest losses against the Swiss franc, Norwegian krone and euro yesterday, as the third of three significant downward lurches of this spring and summer knocked another 1% or so off the value of the US dollar. The big event coming up is the...


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Dollar’s fall halted by Iran strikes

Dollar’s fall halted by Iran strikes

Yesterday the story was all about the US dollar coming under pressure once again from the continuing trade war. GBP/USD hit its best rate since January 2022, and the dollar lost more than 1% against leading currencies, taking its decline since the start of 2025 to...


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USD: Energy helps contain inflation

Consumer Price Inflation (CPI) rose from 2.3% to 2.4% in May but came in below the 2.5% figure most analysts predicted – the result mainly of cheaper oil and gas costs. This news contributed to the US dollar’s daily losses of half a cent against the pound and almost a...


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EUR: Euro picks up steam

With attention trained on the pound and US dollar, EUR/USD gained more momentum and pushed towards its highest level in a week. The euro continues to pick up steam despite the far lower interest rates set by the ECB. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...


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