by Jonathan Cook | Jul 23, 2024
US markets spent the majority of yesterday reconsidering their assumption that Donald Trump would win the upcoming election. Wednesday provides a welcome reintroducing to data, before Thursday and Friday ramp things up even further. EUR/USD: the past year 1 Min 5 Min...
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by Jonathan Cook | Jul 23, 2024
The European Central Bank’s (ECB) Francois Villeroy de Galhau used an interview on French radio to say market expectations of two further interest rate cuts this year were ‘reasonable’. The euro continues to struggle with the expectation that the ECB will cut rates...
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by Jonathan Cook | Jul 23, 2024
The pound started the week with a low-key performance against its main rivals. Sterling was little changed over the course of Monday and this week’s light macro schedule means movements are more likely to come from elsewhere than from home. GBP/USD: the past year...
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by Jonathan Cook | Jul 23, 2024
All eyes were on the US dollar yesterday after the weekend’s dose of political drama. Following some early weakness, the US dollar fought back against the pound and the euro, ending the European session at around parity against those two currencies. Markets reacted to...
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by Charles Purdy | Jul 22, 2024
Exchange rates so far have been unmoved by the various events in US politics. Another presidential term for Donald Trump was probably priced in last week, but while Biden’s withdrawal from the race mixes matters up it has barely moved the dials, so far. Compared to...
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