by Jonathan Cook | Aug 21, 2024
The US dollar continued to plunge on Tuesday, heading down towards its yearly lows against both the pound and the euro. Its rapid fall from grace has been fuelled in large part by a key week for the Federal Reserve, which releases FOMC minutes tonight before its...
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by Julian Benson | Aug 21, 2024
The US dollar continued its losing streak against the euro yesterday, taking its monthly losses to 2.25%. The currency pairing reached a level not seen since the first trading day of January, likely influenced by highly anticipated rate cuts from the Federal Reserve...
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by Jonathan Cook | Aug 20, 2024
A Bank of America survey revealed around three quarters of economists believe the US economy will escape a recession. That’s a massive reversal in mood in such a short space of time, although markets continue to worry about geopolitics and what has been perceived as a...
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by Jonathan Cook | Aug 20, 2024
It isn’t just the pound that’s going well. EUR/USD has also made some impressive progress, ending Monday’s trading at its best since the very first days of 2024. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Aug 20, 2024
Sterling’s ascent against the US dollar has put it within touching distance of its highest level this year. The pound has now recovered by almost three cents from where it was just a few weeks ago. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...
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