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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The dollar hit a three-month low as Trump’s tariffs against Canada and Mexico game into force. With the president telling Congress that he was just getting started, the markets will likely remain volatile today.
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The euro was clear winner of Tuesday’s chaos, gaining nearly 2% on the dollar. As the fallout continues and new data is published, the currency may make significant moves.
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Sterling made significant gains on the dollar on Tuesday, bolstered by the fallout from the growing trade war. Today the currency will be rocked or steadied by new economic data.
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The US dollar took a hit on Monday, partly due to economic data, but also because of some lingering uncertainty around Donald Trump. On Monday, government officials hinted they were considering another delay to introducing tariffs on Canada…
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The eurozone needed some good news and it certainly got that yesterday. Inflation fell in February, paving the way for another interest rate cut, and the euro clawed back some territory against the US dollar. Thursday’s rate decision…
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After a tricky opening to the year, sterling enjoyed a month of undoubted progress across February. The pound gained two cents against the euro and more than three cents against the US dollar throughout the short month and…
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Sterling and the euro each made sizeable advances at the expense of the US dollar on Monday. After a weekend of high political drama, a newly bullish mood swept through Europe, bolstered by cooling inflation and some muted…
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