The US dollar must navigate a huge week for economic data before it faces the disruptor of next week’s election. The Federal Reserve’s favoured measure of inflation and quarterly GDP reads are just the headlines of what is…
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The US dollar could only really make headway against the two big losers of yesterday, CAD and AUD, as the week’s gains were pegged back a little against the euro. However, it has still been a stellar month,…
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A strong day for the single currency saw it gain 0.66% against an Australian dollar hit by promises of earlier rate cuts, and smaller gains on the US dollar and all other currencies. Better PMI data was the…
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The pound was hit by yesterday’s PMI data early on, and while it recovered by the afternoon following BoE comments, it then drifted again, at least against the euro. There were better results against some of the commodity-backed…
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Yesterday was mixed for sterling, with small falls against the euro and yen but strong rises against the Australian, Canadian and US dollars – close to two-thirds of a cent against AUD. The biggest story of the week…
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The US dollar posted another positive day against its competitors yesterday and even climbed against fringe rivals like the Japanese yen. With 12 days to go until the election, the US dollar has some way to go before…
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The euro was something of a mixed bag yesterday, falling against the US dollar but gaining ground over the pound. That came despite some comments from Christine Lagarde that may usually have stemmed any significant losses.
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The pound is facing mounting pressure ahead of next week’s autumn budget and the next Bank of England rate decision. It’s little wonder that weakness is translating into multi-week lows but is that weakness here to stay or…
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