by Jonathan Cook | Jun 4, 2024
Far from easing itself into the new week, the US dollar was on the wrong end of some pressure on Monday. Subdued manufacturing data combined with Friday’s figures helped convince some traders that the Federal Reserve was being too gung-ho with its rate talk. EUR/USD:...
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by Jonathan Cook | Jun 4, 2024
With the spotlight on the ECB later this week, the euro was looking for direction on Monday. EUR/USD showed some strength, but that belies what will be intense scrutiny on Thursday’s policy meeting. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Jun 4, 2024
GBP/USD started the week by climbing around last week’s highs. Those levels were themselves the highest against the US dollar in around two months, although a further climb might be dependent on a more radical rethink of interest rate decision timelines. GBP/USD: the...
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by Jonathan Cook | Jun 4, 2024
The US dollar got off to a sluggish start to the week after manufacturing activity edged lower in May. ISM manufacturing PMI fell from 49.2 in April to 48.7 — the second consecutive month-on-month fall — as new orders and production slowed. The dollar’s loss was the...
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by Charles Purdy | Jun 3, 2024
Sterling starts the week exactly where it began last week, but two-thirds of a percent up on the start of May and 1% up on this time last year. Against the dollar you can double most of those values – GBP/USD is 2.25% up on this time last year. Those gains are looking...
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