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EUR: Economic mood comes into focus

The euro continued to weaken against the US dollar last week while holding off further big losses against other currencies, including the pound. Energy costs feed quickly into European politics and household budgets, and we will get a steer on how worried European...


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USD: Dollar stays strong on oil fears

The US dollar gained between 1 and 3% against other global currencies last week, including around 1.5% against the pound and euro. The biggest data event of the week looks to be Producer Price Inflation (PPI) on Wednesday, although this will be from before the oil...


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USD: Dollar stands as last safe haven

It was a strongly positive day for the US dollar as hopes for a rapid end to the “largest oil supply crisis ever”, according to the International Energy Agency, faded. With the euro weakening and Bank of Japan considering a move on interest rates, the US dollar is...


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EUR: Losses continue for euro

The euro continues to be one of the biggest losers from the mining of the Straits of Hormuz and subsequent oil price rises, especially against the US dollar, which it has lost some 1.5% against since Tuesday and has reached its weakest since last summer. We’re getting...


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