It was a negative day for the US dollar, with losses of more than half a cent against the pound, euro, Antipodean dollars and Swedish krone.
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Yet another mixed day for the euro, strengthening against the dollar and yen but weakening against sterling, albeit not by much.
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The pound strengthened yesterday, ahead of a week of data.
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Sterling had a positive start to the week, strengthening against all major currencies yesterday, including by close to 0.75% against the US dollar and Japanese yen. This morning it has declined a little, after earnings data fell slightly…
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The US dollar rebounded on Friday as investors worldwide turned to the greenback as a safe-haven asset amid rising geopolitical tensions. The pound continued to plummet against the dollar late last week and lost 0.2% against the euro…
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For US investors, the key focus will be highly anticipated earnings reports from large businesses along with retail sales, building permits, housing starts, existing home sales and industrial production.
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President of the European Central Bank, Christine Lagarde said on Friday that the Bank’s last dovish interest rate hike could be the last one, but it won’t be the end of monetary restraint.
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On Wednesday morning, economists forecast the UK inflation rate will fall ever-so-slightly from 6.7% to 6.5%. While a decline is worth celebrating, the rate remains over three times the Bank of England’s target.
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