by Jonathan Cook | Nov 22, 2023
The US dollar made gains against the euro while trading largely flat against the pound. Tuesday’s figures showed that existing home sales had slumped by 4.1% month-on-month, down to their lowest levels in over 13 years. The average rate on the popular 30-year...
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by Jonathan Cook | Nov 22, 2023
The euro lost under half a percent against the greenback and sterling in yesterday’s trading. This week’s flash manufacturing PMI releases – from the UK, EU and the US – will give currency strategists ample fuel for their theories. Should any set emerge as...
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by Charles Purdy | Nov 21, 2023
The US dollar fell back slightly against other major currencies yesterday. As many in America travel for Thanksgiving, news of cooling inflation will have been an added perk to the comforts of home. Core inflation now stands at 4%, above the Fed’s target range but...
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by Charles Purdy | Nov 21, 2023
The euro posted a solid day against both sterling and the US dollar yesterday. Moody’s opted to leave Italy’s credit rating unchanged, while updating its outlook on the county from negative to stable. This prompted a rally in its sovereign bonds, which previously came...
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by Charles Purdy | Nov 21, 2023
The pound continued last week’s gains against the dollar and losses against the euro in Monday’s session, hitting another new lowest point since last May. This morning we have had a reading for labour productivity, showing 0.2% fall in the third quarter of 2023....
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