by Christopher Nye | Nov 25, 2024
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 this week, plus the minutes of...
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by Christopher Nye | Nov 25, 2024
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 Ifo Business Climate for Germany...
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by Christopher Nye | Nov 25, 2024
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 data, but tomorrow there will be more reports from the...
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by Charles Purdy | Nov 25, 2024
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 is back to where it was this week in 2023. The big picture from data in the UK last week was of a clear...
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by Christopher Nye | Nov 22, 2024
Further rises for the US dollar, taking USD/GBP close to its best for six months and USD/EUR teetering on a two-year high. The usual PMI reports will be out this afternoon and on Monday the analysts will be poring over the minutes of the FOMC’s last meeting. USD/GBP...
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