by Jonathan Cook | Jan 23, 2025
The euphoria in American markets is helping to shield the US dollar from the less aggressive actions of the commander in chief. Despite respite on tariffs, the US dollar continues to benefit from a groundswell of positivity that likely has further to run. EUR/USD: the...
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by Jonathan Cook | Jan 23, 2025
European Central Bank president Christine Lagarde said that Trump’s initial restraint on trade tariffs was a “smart approach”. It’s little wonder she would be supportive, given the euro’s recovery and the risks that tariffs would stall growth. Like everyone else,...
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by Jonathan Cook | Jan 23, 2025
Sterling navigated more bad news on the UK’s fiscal health with a strong showing yesterday. Questions still remain about government spending, so the pound’s position is still slightly perilous and could get worse before it gets better. GBP/USD: the past year...
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by Jonathan Cook | Jan 23, 2025
Improved risk sentiment helped ease the pressure on European currencies yesterday. A reduced threat of American trade tariffs (for Europe, at least) helped the euro build some momentum. The pound and the euro both advanced on the US dollar before seeing those gains...
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by Charles Purdy | Jan 22, 2025
The first full day of US trading since President Trump’s inauguration saw the dollar lose ground across the board. As well as a roughly 0.5% gain on the US dollar, the pound made small gains on the euro. However, new UK borrowing figures this morning have knocked it...
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