by Jonathan Cook | Oct 28, 2024
The US dollar must navigate a huge week for economic data before it faces the disruptor of next week’s election. The Federal Reserve’s favoured measure of inflation and quarterly GDP reads are just the headlines of what is a packed schedule. EUR/USD: the past year 1...
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by Christopher Nye | Oct 25, 2024
The US dollar could only really make headway against the two big losers of yesterday, CAD and AUD, as the week’s gains were pegged back a little against the euro. However, it has still been a stellar month, with USD/EUR and USD/GBP both gaining 3.5%. We’ll be hearing...
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by Christopher Nye | Oct 25, 2024
A strong day for the single currency saw it gain 0.66% against an Australian dollar hit by promises of earlier rate cuts, and smaller gains on the US dollar and all other currencies. Better PMI data was the probable cause. Shortly we’ll hear Germany’s Ifo Business...
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by Christopher Nye | Oct 25, 2024
The pound was hit by yesterday’s PMI data early on, and while it recovered by the afternoon following BoE comments, it then drifted again, at least against the euro. There were better results against some of the commodity-backed currencies such as AUD and CAD. Coming...
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by Charles Purdy | Oct 25, 2024
Yesterday was mixed for sterling, with small falls against the euro and yen but strong rises against the Australian, Canadian and US dollars – close to two-thirds of a cent against AUD. The biggest story of the week has been waning confidence from British business and...
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