by Jonathan Cook | May 17, 2024
It’s all been slightly confusing in recent days for the US dollar. Markets now seem to think a September interest rate cut is back on the cards but basing that on only a handful of economic figures seems risky, particularly with all we’ve seen this year. EUR/USD: the...
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by Charles Purdy | May 17, 2024
The pound stood firm in the face of a brief US dollar fightback in yesterday’s session. GBP/USD is up by more than 1% this week, with GBP/EUR up by half a per cent. The euro has also found traction against the US dollar, climbing by just under 1% to Friday. American...
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by Jonathan Cook | May 16, 2024
US retail sales were unchanged from the month before in April, well below March’s 0.6% and forecasts of 0.4% growth. That, coupled with the punchier read from the inflation figures, was enough to fuel a small US dollar selloff yesterday, although we aren’t confident...
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by Jonathan Cook | May 16, 2024
After two consecutive quarters of 0.1% growth, the eurozone posted a more promising 0.4% in the first quarter of 2024. That’s still a far cry from the past few years, but it will at least provide some evidence that its economy is moving in the right direction again....
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by Jonathan Cook | May 16, 2024
Sterling was riding high on Wednesday, reaching its highest against the euro in 10 days and its highest against the US dollar in over a month. Next week’s inflation figures could soon puncture that tyre, as well as any number of other variables that make currency...
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