A mixed day for the dollar yesterday, with marginal movements against the pound and euro, and the biggest loss, of almost 0.5% against the Australian dollar (which has had a positive week all round following news of Chinese…
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The single currency showed little signs of excitement yesterday in a day with plenty of low-level data for the markets to investigate.
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It was another steady day for sterling yesterday against the euro, following Wednesday morning’s boost from higher-than-expected inflation data. That has been reversed this morning, following dipping retail sales in March.
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After a stable week the pound has taken a dive this morning, largely prompted by poor retail sales data just released. The week had been going well, with some stability against both the euro and US dollar following…
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In the previous data release, the Philadelphia Fed manufacturing index rose 1 point to -23.2 in March 2023. Despite the rise, the index missed market expectations of -15.6.
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S&P global is scheduled to release the eurozone's services PMI for April (flash) tomorrow morning. Many will be watching to see if the data triggers any volatility for the euro.
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The Gfk consumer confidence survey, which will be released on Friday, measures the responses of approximately 2,000 consumers, asking them to rate the relative level of past and future economic conditions.
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Sterling starts the day weaker than its euro and US dollar rivals compared to this time last Thursday, but is stronger against the dollar on a monthly footing.
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