by Julian Benson | Jan 28, 2025
Despite the tech selloffs in the US, the euro lost ground against the dollar and pound by day’s end. No doubt the market wasn’t helped by the German Ifo Business Climate index indicating stagnation in the German economy. EUR/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Julian Benson | Jan 28, 2025
The bombshell tech losses on the US stock exchange saw the dollar tumble in the early hours of Monday’s trading, though the currency recovered by day’s end as stock traders moved their money to safer bets. Today we will likely see continued impact from the tech...
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by Jonathan Cook | Jan 27, 2025
Sterling enjoyed a strong end to last week, climbing by 1% against the US dollar over the course of Friday. EUR/USD rose to its highest level this year as GBP/EUR strengthened slightly in a more balanced session. January’s preliminary data from the S&P UK PMI...
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by Jonathan Cook | Jan 27, 2025
Falling services PMI helped European currencies advance at the expense of the US dollar on Friday. After a prolonged spell of strength, last week ended with a more balanced tone than the giddy mania that has been pervasive since the election. EUR/USD: the past year 1...
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by Jonathan Cook | Jan 27, 2025
Currency markets expect the European Central Bank to opt for another 0.25% cut to interest rates at its meeting on Thursday. This is based on some recent comments from Christine Lagarde as well as the sense that the ECB will continue to be aggressive to combat weak...
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