by Christopher Nye | Dec 16, 2024
The dollar made sharp gains over the past week, including nearly 2.5% against the yen 1% against the pound. The big event is the interest rate decision from the US Federal Reserve on Wednesday. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For more...
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by Christopher Nye | Dec 16, 2024
With the interest rate cut out of the way, the euro recovered from Thursday and ended up a little over the week against the pound and 1% up on the Swiss franc. It’s PMI day today, plus there will be speeches from ECB president Christine Lagarde and her vice president...
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by Christopher Nye | Dec 16, 2024
The pound lost more than 1% against the euro and US dollar between Thursday lunchtime and Friday evening last week, as the markets digested the news of GDP falling in October. A hectic week for data starts with PMI later this morning. GBP/USD past year 1 Min 5 Min 1...
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by Charles Purdy | Dec 16, 2024
Having broken through a long-held resistance level to an eight-year high last week, GBP/EUR promptly dropped by more than 1% at the end of the week and a similar amount against the US dollar. The gain midweek had been prompted by the European Central Bank (ECB)...
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by Christopher Nye | Dec 13, 2024
Producer Price Inflation (PPI) rose by 0.4% in the USA last month. That increase was driven by, of all things, a whopping 54.6% increase in the price of wholesale chicken eggs amid an outbreak of avian flu. In an odd way, the US dollar received a boost yesterday based...
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