by Charles Purdy | Dec 1, 2023
The dollar rose sharply yesterday, gaining between 0.5 and 1% against most major rivals as inflation expectations were revealed. The Core PCE Price Index rose by 0.2%, down from 0.3% in the previous month, to an annualised 3.5%. Today we will see ISM Manufacturing PMI...
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by Jonathan Cook | Nov 30, 2023
The US dollar regained its footing in Wednesday’s session, advancing on the euro but giving some ground back to the pound after a strong start. There are a couple of consumer spending metrics to look out for today, although this portion of the week will likely be...
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by Jonathan Cook | Nov 30, 2023
Sterling is nearing two-month highs against the euro, having fought off a USD/GBP rally to open today in a similar position against the US dollar. Even as the Bank has attempted to stem the flow of credit through interest rates, October’s figures showed that new...
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by Jonathan Cook | Nov 30, 2023
The euro slid back against both sterling and the US dollar yesterday, those losses driven by a bevy of data which suggested the ECB’s policy rates were starting to feed through to the economy. Spain and Germany both unveiled promising inflation reads yesterday and...
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by Jonathan Cook | Nov 30, 2023
Sterling opened the day close to a two-month high against the euro, as eurozone data highlighted a tempering of inflationary pressures. USD/GBP had yesterday beat back recent sterling gains, before the pound rallied overnight and into the morning. With GBP/EUR trading...
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