by Jonathan Cook | Jun 11, 2024
The weekend’s political drama in Europe had a dramatic impact on the single currency to begin the week. The main beneficiary was the US dollar, which solidified last week’s gains over both the euro and the pound. UK unemployment crept up to 4.4% in April, a modest...
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by Charles Purdy | Jun 10, 2024
Sterling shot up to another near-two-year high against the euro overnight, easily beating recent records. It follows a strong showing from the Eurosceptic, right-wing populist parties in the European Parliamentary elections. This has also prompted President Macron to...
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by Jonathan Cook | Jun 10, 2024
Friday’s non-farm payrolls jolted the US dollar out of its recent funk. That metric showed the job market to be flying high, but it was a case of mixed messages when viewed against the latest JOLTs job openings study. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...
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by Jonathan Cook | Jun 10, 2024
The euro performed well in a perilous week last time out. That was mainly from the impression that this rate cut may not be the start of the loosening cycle, but rather a correction of its last hike, which was seen as insurance against inflation rather than a...
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by Jonathan Cook | Jun 10, 2024
The Bank of England may not have entirely appreciated the ECB’s interest rate cut, as it served to sharpen scrutiny on its own borrowing rates. For now, Andrew Bailey and co can hide behind the election, but should this week’s slew of key reads point to economic...
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