New treasury secretary Scott Bessent is a key appointment for the US dollar. We can’t know his precise policies just yet but he is known to be keen on plugging the massive government deficit and will likely go…
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Monday was a happier day for the euro, which combined an almost 1% rise against the US dollar with a smaller but no less significant bump over the pound. The key data for the single currency this week…
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GBP/EUR’s fall on Monday was more the result of pound weakness than euro strength. Last week’s troubling data set was clearly playing on minds, although the euro couldn’t exactly point to much in the way of improving data.…
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Currency markets were warmed by an elusive sense of optimism on Monday following rumours that a ceasefire between Israel and Hezbollah was close. Any deal would first have to be approved by the Israeli cabinet today but a…
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Sterling starts the week close to its recent long-term highs against the euro and 4.5% stronger than a year ago. After dropping some 7% since September, GBP/USD appears to have stabilised a little, but is back to where…
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After big gains post-election, the US dollar was pegged back a little last week, falling against the Canadian and Australian dollars (CAD and AUD), as the commodity-backed currencies made a recovery. There’s a mass of house price data…
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Last week’s losses ranged between 1.9% against CAD to 0.4% against the British pound and South Korean won. Gains? Well, there weren’t any really, except against the Russian rouble. A mildly eventful week for eurozone data starts with…
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After a week of very gradual gains against the euro and continued losses against the US dollar, this morning the directions have changed, with something of a dead cat bounce against USD. It’s not a busy week for…
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