by Jonathan Cook | Aug 12, 2024
The narrative around the US dollar has changed so fast that Wednesday’s inflation figures have become an afterthought. Now that markets have convinced themselves a rate cut is night, much more focus will be allocated to retail sales and consumer spending metrics....
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by Jonathan Cook | Aug 12, 2024
A wild week in global markets ended on a positive note for sterling, which overcame a period of volatility to end proceedings only slightly down against its major rivals. Friday saw the pound rise by almost half a cent against the euro and the US dollar. For all the...
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by Charles Purdy | Aug 12, 2024
Sterling has bounced back from the four-month lows of last week, gaining about 1% on the euro and US dollar compared to Thursday. However, GBP isn’t out of the woods yet, with a hectic few days for major economic data releases ahead of us. That all starts tomorrow...
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by Christopher Nye | Aug 9, 2024
The US dollar recovered yesterday against the yen, rupee and CHF as better unemployment data emerged, with only 233,000 jobs lost compared to 250,000 last week, and stock markets recovered. We have a quiet few days until Producer Price Inflation (PPI) on Tuesday and...
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by Christopher Nye | Aug 9, 2024
A decidedly mixed day for the single currency, with falls against all the dollars (especially AUD) and sterling but gains on the yen and Swiss franc, as investors take a more positive attitude to risk. Next week we continue with final results for inflation across the...
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