by Charles Purdy | Jan 3, 2024
Just a few days into the New Year seems to have turned things around for the US dollar, which gained almost a cent against the pound and euro in Tuesday’s session, reversing last week’s losses and adding 1% against the euro and 0.65% against the pound,...
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by Jonathan Cook | Jan 3, 2024
Sterling fell by three quarters of a per cent against the US dollar yesterday while treading water against the euro. The UK economy reached another unwanted milestone yesterday, marking 17 months in a row the S&P Manufacturing PMI has sat in negative territory....
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by Jonathan Cook | Jan 3, 2024
EUR/USD fell by just under 1% yesterday, as the US dollar benefitted from altered interest rate expectations. It was a mixed day for the eurozone owing largely to a conflicting set of data from the manufacturing sector. The HCOB index increased in Germany, undoubtedly...
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by Jonathan Cook | Jan 3, 2024
The US dollar jumped up against its major rivals yesterday, buoyed by the possibility of interest rates being kept higher for longer. Two big macro reads are due today – the ISM manufacturing index and JOLTs job openings. Both metrics are expected to stay in the same...
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by Jonathan Cook | Jan 3, 2024
The US dollar began 2024 on the front foot, gaining almost a cent against the euro and the pound in the first session of the year. While the GBP/EUR exchange rate remained largely unchanged yesterday, sterling plummeted against the US dollar, losing three-quarters of...
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