USD: A deliberate depreciation?

Some analysts believe that president Trump is deliberately angling for a less powerful US dollar. That would be good news for exporters and is thought to be a core belief of the Trump team. Whether deliberate or not, it’s working: the president has caused the US...


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EUR: Rate cut pause on the Wunsch list

The European Central Bank’s (ECB) Pierre Wunsch went on TV in the US yesterday to make the European case against tariffs. Trade barriers would dampen growth and cause inflation, Wunsch said, before turning attention to ECB policy. “Inflation risks might be on the...


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GBP: Sterling defies icy road

GBP/EUR reached its strongest level since early March yesterday, a minor miracle considering the banana skins it faced this week. With the euro more directly exposed to tariffs on the car industry, the pound has been able to build on its smooth passage through a...


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USD: Muted reaction to tariffs

Little movement too, for the dollar, with sub-0.20% gains on the euro, Canadian dollar and Norwegian krone. The main event today will be the US quarterly GDP figure at 12.30 UK time. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To   For more on...


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EUR: Mixed day for euro

A day of small movements saw marginal losses against the pound and US dollar. Watch out for the GfK Consumer Confidence reading tomorrow, plus French and Spanish inflation. EUR/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...


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