by Jonathan Cook | Jul 3, 2024
Sterling rose steadily on Tuesday against its transatlantic rival, as for once it was the US dollar’s turn to occupy the hot seat. Although new data pointed to growth in the American economy, high-profile comments on inflation and the US government deficit dragged the...
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by Jonathan Cook | Jul 2, 2024
It was noteworthy how muted the reaction was to US manufacturing PMI data. Despite the miss, the US dollar didn’t let it stand in the way of an afternoon comeback, highlighting the power of safe-haven dynamics. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Jonathan Cook | Jul 2, 2024
German inflation is one of Europe’s key economic touchpoints, so news that it was down across almost all sectors was a boost for its economy. Services inflation stabilised, while reductions in the cost of goods and energy helped offset a slight uptick in food prices....
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by Jonathan Cook | Jul 2, 2024
The pound fell to its lowest level in three weeks against the euro yesterday. That was the result of continuing dynamics in markets, as well as a tentatively positive reaction to the first round of the French elections. GBP/USD: the past year 1 Min...
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by Jonathan Cook | Jul 2, 2024
Sterling and the euro both struggled to gain any traction against the US dollar yesterday. Despite underwhelming data from across the Atlantic, the US dollar capitalised on a stormy market mood to claw back early-morning European gains. If currency markets had been...
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