by Charles Purdy | Nov 29, 2024
Yesterday, with the US markets closed for Thanksgiving, the euro and pound fought back. Against both the US dollar has lost a third of its post-election gains this week, as the money markets continued to row back on their initial enthusiasm for the return of Donald...
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by Jonathan Cook | Nov 28, 2024
A whirlwind month is now at a close for the US dollar. With America (briefly) more engaged by turkey than tariffs, the holiday presents an opportunity for a reset. Wednesday’s data served as a reminder that, for all of president-elect Donald Trump’s grandstanding, his...
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by Jonathan Cook | Nov 28, 2024
Not only is Germany heading towards a fresh election, France has now added itself to the list of political concerns. One major economy is bad enough but the euro may really struggle should its second major player face a democratic dust up. Economic obstacles return to...
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by Jonathan Cook | Nov 28, 2024
A respite in the flow of economic data has allowed the pound to build a more stable foundation this week. Wednesday’s recovery against the US dollar complimented a positive week so far against the euro. As has been the case for a while, sterling may say the most...
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by Jonathan Cook | Nov 28, 2024
Major European currencies came out on the front foot yesterday, as a big day for American data saw the US dollar retreat for the Thanksgiving holiday with a dent to its momentum. GBP/USD rose by almost a cent, taking it to its highest in a week. EUR/USD rose by just...
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