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USD: Dollar wobbles as the Fed stands still

The dollar’s tone stayed fragile. The Fed is signalling patience, but the market is struggling with the idea that the economy can stay strong while consumers turn sharply gloomier. That tension tends to show up first in currency moves, because they’re a quick proxy...


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EUR: Trade deal can’t halt euro slide

Despite all the smiling faces in New Delhi this week as the trade deal was signed, the euro fell against most pairs this week. Maybe that was mainly due to their strength rather than the euro’s weakness, as many of the economic signs continue to point towards economic...


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GBP: Sterling steady ahead of Bank week

Unless you’re buying US dollars or euros this has been a week to forget, as the pound slipped against the commodity backed currencies. The economic signs have not been good for sterling lately and it’s still being supported by the overall negative of high inflation...


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Sterling maintains grip on euro and dollar

Sterling maintained its position at close to a six-month high against the euro and a 4½ year high on the US dollar. Sterling maintained its position at close to a six-month high against the euro and a 4½ year high on the US dollar. However, it was knocked off the...


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Steady Fed fails to calm markets

The Federal Reserve has done the thing markets expected, and then somehow still made everyone nervous. Policymakers held interest rates steady overnight, after a run of cuts late last year. The message was basically: we’re not in a hurry. That steadiness would...


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